SOURCE: Las Vegas Railway Express, Inc.
LAS VEGAS, NV--(Marketwire - Nov 16, 2012) - Las Vegas Railway Express, Inc. (LVRE) (OTCQB: XTRN) and Union Pacific Railroad have signed a conditional agreement to provide passenger service on Union Pacific-owned right of way between Las Vegas, Nev., and Daggett, Calif. This agreement is contingent upon LVRE fulfilling a variety of conditions in a specified time frame. LVRE plans to operate an expedited luxury train service between the Los Angeles basin and Las Vegas through the use of Union Pacific track. Known as the "X Train," the service is currently scheduled for commencement in late 2013.
"We are proud that Union Pacific is working with us on this exciting and historic project," commented Michael Barron, President and CEO of Las Vegas Railway Express, Inc. "This moment will be long remembered as an important milestone in providing a great experience for X Train customers."
About Las Vegas Railway Express
Las Vegas Railway Express, Inc. is a publicly traded company (OTCQB: XTRN) that is currently in the process of designing and implementing an expedited, luxury train service from the Los Angeles basin to Las Vegas. Known as the X Train the service will utilize conventional rail rights of way and passenger rail equipment -- outfitted in a First Class configuration -- to deliver a new, exciting and cost efficient way to travel to Las Vegas. Service departures are planned to be Thursday and Friday to Las Vegas with returns on Sunday and Monday back to Los Angeles. An introductory price of $99 each way includes First Class accommodations and all-inclusive food & beverage. 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 http://www.vegasxtrain.com.