Business
Las Vegas Xpress, Inc. Acquires the Affiliated Passenger Car Fleet from United Rail, Inc.
Las Vegas Xpress, Inc. Acquires the Affiliated Passenger Car Fleet from United Rail, Inc..
About this update from Maptelligent Inc.
[{"type":"text","content":"\nLAS VEGAS, NV, Oct. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Las Vegas Xpress, Inc. (OTCPK:LVXI) announced today that the X Train (www.vegasxtrain.com), which is planned to operate from Southern California to Las Vegas in mid-year 2019, has acquired the Affiliated Passenger Car Fleet from United Rail, Inc. (OTCPK:XTRND) for an undisclosed sum. The car fleet is a consortium of privately owned vintage passenger rail cars which are no longer able to operate on Amtrak trains since this service was discontinued by Amtrak earlier in the year.\n “We have assembled over 20 vintage passenger railroad cars in our fleet,” stated Dianne D. David, President of Las Vegas Xpress. “We moved the car fleet to Las Vegas Xpress from United Rail, Inc. now that we have a target date to run in mid-year 2019. This now gives us a fabulous 'retro fleet' of cars from the classic era of railroading to include in our LA to Vegas consist.” Michael Barron, CEO of freight consolidator United Rail, Inc. said, “We decided to transfer the Affiliated Passenger Car Fleet to Las Vegas Xpress.  The Company needs these cars as they plan to run next year. This gives them control over the consist.”  Mr. Barron added, “United Rail Inc. has its hands full with its consolidation freight business. LVXI is a better home for the cars as we move forward.”  About Las Vegas Xpress, Inc  Las Vegas Xpress, Inc. is in the rail service business and operates specialty passenger trains from metropolitan areas in the US to resort gaming/casino destinations. The Company has three operating divisions: The X Train (a Southern California to Las Vegas passenger train), X Wine Railroad, and Club X -- our membership club. The company owns a licensed IATIAN travel agency, X Train Vacations which books excursion rail travel for passengers. (www.vegasxtrain.com)  About United Rail Inc. United Rail, Inc. is in the business of acquiring short line railroads in both the passenger operations sector as well as freight operations. The company has been active in this space for five years. It has operated both passenger rail excursions and short line freight operations and plans to develop rail infrastructure projects and terminal operations. It has an active pipeline of acquisitions of seven companies with revenues of $1...