|By Marketwired .||
|December 2, 2013 05:25 PM EST||
LAS VEGAS, NV -- (Marketwired) -- 12/02/13 -- The Las Vegas Railway Express, Inc. (OTCQB: XTRND), known as the X Train, a planned luxury train travel service featuring its "Club X" service, announced today that the Company is seeking to create Public Private Partnerships with existing passenger rail services, to provide a high end Club Style service on selected existing routes. The concept, set to deploy this coming year, has the X Train providing its own club style and upscale rail cars which are planned to be coupled to existing passenger trains. The X Train plans to pay for the incremental cost of hauling the additional cars plus a revenue participation in the X Train revenue stream for participating rail agencies. No taxpayer resources are required to commence this service and the X Train bears the capital cost of producing the rail cars. The first such delivery of Club X Train cars is scheduled to start this month as the cars begin arriving December 9th here in Las Vegas. Interested parties can contact Penny White, Chief Operating Officer - Passenger Services at 702-628-9245 or by email at firstname.lastname@example.org
"We have been working on this concept for years," stated Michael Barron, President and CEO of the X Train. "We have seen the budgetary constraints imposed on municipalities and the DOT's and we believe we can help relieve the burden by providing equipment at our cost and generating a revenue stream to the agencies. We think this is a real step in the right direction to rail passengers and should open ridership up to a whole new segment of customers," Barron stated.
About Las Vegas Railway Express
Las Vegas Railway Express, Inc., the X Train, is a publicly traded company (OTCQB: XTRND) that is currently in the process of designing and implementing a luxury train service from the Los Angeles basin to Las Vegas known as Club X. The service will utilize conventional rail rights of way and passenger rail equipment -- outfitted in a First Class configuration -- to deliver a new, exciting and cost efficient way for rail passengers to travel. The company is hopeful it can deploy its Club X service onto existing railroad operations in the US who are seeking a first class service option for their ridership. For more information, please visit the Company website at http://www.vegasxtrain.com.
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Chief Operating Officer
Las Vegas Railway Express, Inc.