|By Marketwired .||
|March 6, 2014 12:32 PM EST||
LAS VEGAS, NV -- (Marketwired) -- 03/06/14 -- X Train Holdings (OTCQB: XTRN), known as the X Train, a luxury train travel service featuring its "Club X" service, announced today that the Company has opened negotiations with four privately owned existing passenger rail services to acquire these companies. The subject companies are not disclosed at this time due to a non-disclosure agreement by both parties.
"We feel confident that these negotiations will result in consummating acquisitions and the operations of these independent operators will come under the umbrella of services offered by the X Train Holdings company," stated Michael Barron, Chairman and CEO of publicly traded X Train Holdings (OTCQB: XTRN). "We can provide a path to liquidity for those owners who wish to sell their enterprise as an exit strategy as is the case with these current candidates. We invite companies to speak with us if interested in receiving a fair price or affiliation with our company."
X Train Holdings provides capital access for infrastructure growth, asset deployment, marketing reach via its call center and logistics and operations management, all designed to lower costs and improve margins to the rail operator. Affiliates pay a fee only on the incremental cost and bottom line net increase and sellers can receive cash for their business. The Company is actively seeking such opportunities and currently represents 20 independent passenger rail companies. Interested parties should contact Brian Harrington at 702-401-2160 or email at [email protected]
About X Train Holdings
The company Las Vegas Railway Express, Inc. DBA X Train Holdings Corp., has developed a robust infrastructure of call center, travel agency, logistics planning management, food & beverage and unique passenger rail cars of the purpose of acquiring or affiliating privately owned passenger rail companies under the X Train Holdings umbrella. Independently owned and operated passenger rail companies can enlist the services of X Train to grow market share, improve operating margins by consolidating costs, and providing access to capital for asset purchase, repair and improvement. X Train is a publicly traded company under the OTCQB: XTRN symbol. It is a fully reporting company and its auditors are BDO and its securities lawyers are Sichenzia Ross of New York. By consolidating either acquired companies and/or affiliated companies, X Train Holdings can create economies of scale for its array of member companies. This is much more difficult for small privately held companies where the principals frequently must guarantee personally capital purchases or loans. X Train Holdings relieves that burden and provides a path to liquidity should owners wish to sell.
X Train Holdings has a superior board of directors from both the rail industry and Wall Street capital markets. For more information, please visit the Company website at http://www.vegasxtrain.com.