|By Marketwired .||
|April 4, 2014 09:16 AM EDT||
FT. LAUDERDALE, FL -- (Marketwired) -- 04/04/14 -- This morning Vanell Corp. (OTCQB: VANL) announced that the Financial Industry Regulatory Authority (FINRA) has approved the previously announced corporate action regarding its name change from Vanell Corp to Train Travel Holdings Inc. FINRA has also confirmed that the requested trading symbol, "TTHX" has been approved. A five-for-one forward stock split has been approved, effective April 4, 2014.
"This is a really positive step forward for the Train Travel Holdings shareholders," said Neil Swartz, CEO of Train Travel Holdings Inc. "Having the name and symbol coordinate with the business and mission of the company presents a cohesive image to the marketplace. As an acquisition-minded company, this capital structure is much more suited for TTHX." Existing shareholders of VANL common stock will now receive 5 shares of new common stock. There is no action required on the part of shareholders.
Train Travel Holdings has assembled a stellar management team to create solid growth and is close to completing the acquisition of our first entertainment railroad asset, the Columbia Star Dinner Train, an established dinner train company with nearly 30 years of successful operating experience and over 3,000,000 satisfied patrons. Train Travel is currently operating the Columbia Star Dinner Train in Columbia, MO, and beginning to build out the company as a model for future entertainment railroad acquisitions. Train Travel is also considering other similar companies and is in the due diligence research phase, prior to presenting formal offers.
Train Travel Holdings will continue to grow shareholder value by selectively investing in entertainment trains across the US and Canada. Our goal is to provide customers a destination package on a real moving train that creates a memorable dining and entertainment experience. We will acquire existing excursion railroads in various locations around the globe, and enhance the quality of the travel experience to spotlight the best features of each locale and develop a reputation for being the premiere destination in each region.
ABOUT Train Travel Holdings: Train Travel Holdings Inc., a Florida Corp, was established to own 100% of the assets of Train Travel Inc., a Delaware Corp. A rollup of an increasing number of entertainment railroad companies will be Train Travel Holding's prime objective, allowing investors to share in the benefits of this ownership. Through a series of targeted acquisitions and organic growth, Train Travel Holdings Inc. plans to grow shareholder value. The Company's goal is to capture a significant percentage of the market share, thus establishing a dominant presence in the industry.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.