SOURCE: Las Vegas Railway Express, Inc.
July 29, 2010 16:56 ET
Las Vegas Railway Express, Inc. Market Capitalization Increases Tenfold Since January, 2010
LAS VEGAS, NV--(Marketwire - July 29, 2010) - Las Vegas Railway Express, Inc. (OTCBB: XTRN) announced today that its market capitalization has increased tenfold to approximately 9 million dollars since the beginning of this year. "We are pleased with the progress we have made to date and the market reflects the same," stated Michael Barron, CEO.
Las Vegas Railway Express, Inc. is the creator of the "X" Train, a passenger train that is planned to link Las Vegas to the Los Angeles area on existing railroad routes. If the required approvals are received from Amtrak and the Class 1 railroads, the "X" Train plans to offer Las Vegas-style entertainment en route, including a sports bar lounge, upscale dining, entertainment and corporate/private cars as well as a host of travel-related amenities to passengers including hotel rooms, tickets to shows and other entertainment activities.
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. The "X" Train' plans on offering rooms, transfers, shows and incidentals to passengers. The initial roundtrip route is planned for five days beginning each Thursday-Monday. Additional trips per week will be added as capacity allows. 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.