LAS VEGAS, NV--(Marketwire -03/13/12)- Las Vegas Railway Express, Inc. ("X" Train) (OTC.BB: XTRN.OB - News) announced today that John McPherson, 65, has been elected as a Director to the Board of Las Vegas Railway Express, Inc.
"X" Train CEO/President Michael A. Barron said, "We are pleased that Mr. McPherson has joined our company on the Board. He brings a very successful career to the company and an oversight role to our operations."
Mr. McPherson commented on his election to the Board, "I am extremely excited to join the Las Vegas Railway Express, Inc. - X Train project. It is without question one of the most significant business opportunities I have ever seen in my many years in the rail industry. I believe we have a bright future."
Mr. McPherson joined the Board of Directors of CSX Corporation ($25bn, 23,000 mile railroad) July 2008. He served as President and COO of Florida East Coast Railway($2.8bn railroad, FEC is a 356 mile railroad operating between Jacksonville and Miami, Florida), a wholly-owned subsidiary of Florida East Coast Industries, Inc., from 1999 until his retirement in 2007. From 1993-1998, Mr. McPherson served as Senior Vice President Operations, and from 1998-1999, he served as President and CEO of the Illinois Central Railroad ($2.5bn, 1,000 mile Class 1 railroad between Chicago and New Orleans). Illinois Central became the most efficient railroad with the lowest operating ratio in North America. Prior to joining the Illinois Central Railroad, Mr. McPherson served in various capacities at Santa Fe Railroad for 25 years. As a result of his extensive career in the rail industry, Mr. McPherson serves as an expert in railroad operations.
About Las Vegas Railway Express, Inc.
Las Vegas Railway Express, Inc. has been planning for the establishment of a "Vegas-style" passenger train service between Los Angeles and Las Vegas since early 2009. Roundtrip service will be Thursday through Monday each week with an introductory price of $99 each way which includes a First Class accommodation and all-inclusive food & beverage, just like the airline industry. In addition, the "X" Train will also offer the ability for its passengers to book hotel rooms, transportation transfers, entertainment & show tickets and other travel incidentals. For more information, please visit the Company website at www.vegasxtrain.com.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.
Las Vegas Railway Express, Inc.
Mr. Michael Barron