Las Vegas Railway Express, Inc.
Returning LUXURY to rail travel for passengers between Southern California and Las Vegas
The X Train
The X Train Las Vegas Railway Express, Inc. is in the business of transporting travelers between Southern California and Las Vegas by traditional conventional rail. We plan to operate a single travel route marketed primarily to the leisure traveler from the Southern California basin enabling us to sell rail travel as a stand-alone operation bundled with hotel rooms and other travel related services. Our unique travel option will offer a diversified product that will set us apart from travel related options of automobile and air.
We have developed a business model that is focused on one of the most sought after travel destinations within the United States by providing a more leisurely option for the over 12,000,000 annual Southern California/Las Vegas visitors who currently travel between the two areas while at the same time extending their " Las Vegas Experience" time while in route.
Our primary goal is profitability. We believe we have developed a unique and differentiated business plan for this market and industry and we plan to execute it. The X Train has an important economic story to convey. Reconnecting passenger train service from Southern California to Las Vegas will add needed incremental revenue to Las Vegas, assist in its growth strategy, and significantly add tax revenue for the current and future developmental projects the city wants to pursue. In the public's mind, Las Vegas is a much bigger city than it really is and the public always wants to know what is happening in Las Vegas. Its global reach extends well beyond the 40 million annual visitors reflected in the facts that travel programs, reality shows, poker tournaments, and celebrity visits are constantly in the news. Because of this exposure, the X Train is an ideal public relations vehicle to bring the public's awareness of passenger train service and Las Vegas back to the forefront.
The Largest Unserviced Passenger Rail Corridor in the United States is Southern California to Las Vegas
There has been no regular passenger rail service between these two demographic areas for 13 years. The two primary reasons why passenger train service has not been offered are; the time and cost advantages of traveling by other means and secondly, the train route itself was not profitable.
We feel we have the answers to the two primary reasons why passenger train service between the two metropolitan areas has not been successful. It is our belief that the time and cost advantages have shrunk significantly to a point where traveling by train is a legitimate option for our targeted customer.
The major connector between Orange County and Las Vegas, Interstate 15 (I-15) is becoming increasingly congested, with motor vehicle travelers experiencing substantial delays during peak travel times (e.g., Friday and Sunday afternoons). Average daily traffic (ADT) on I-15 just south of Las Vegas is calculated to be around 60,000 vehicles; through Primm, ADT is around 39,000. By the year 2020, traffic is projected to increase by more than 100 percent, with the respective ADTs projected to be 126,000 and 78,000. The segment of I-15 between the I-215 interchange in Las Vegas and the state line at Primm is programmed for widening from four to six total lanes. This will lessen peak congestion in the near term, but substantial congestion is expected to recur by 2020 with continuing growth in roadway traffic demand. Documented automobile travel times between California and Las Vegas are increasing as a result of the congestion in the Cajon Pass.
On weekends or during holiday periods when travel between Southern California and Las Vegas is typically higher, the travel time can increase significantly and delays are common. In fact, these delays can cause drive times to increase to well over 6 hours each way. Our discussions with the two host railroads have assured us they can schedule our train service within a five hour time frame which is a very favorable time period compared to the current times for driving.
Over 15 million people travel to Las Vegas from Southern California and not one person can take the train…
The increasing cost of gasoline may lead to a travel mode shift away from the automobile for some trips. As recently as September of 2005, new research indicates that the increasing cost of gasoline may finally have reached a point where it is impacting travel plans. During the spike in fuel prices in 2008, the amount of traffic that crossed the Nevada/California border declined. The continual rise in gasoline prices will continue to put pressure on automobile travel. At $4.00 per gallon, a round trip from LA to Las Vegas by SUV costs $300. As prices rise, travel by rail becomes even more economical. AAA recently published a report showing Fullerton California averaging $4.40 a gallon. Our introductory price point of $99, (FIRST CLASS F&B INCLUDED) each way is designed to stimulate demand against the cost of driving to and from Las Vegas and is comparable to the costs of driving. We feel our business model will tackle the second reason we feel passenger train service has not established a foothold within this highly sought out market: the ability to turn a profit. We are a company with our actual train travel revenue contributing just a portion of our total revenues. A majority of our project's profits will come from revenue generated by sources not directly tied to the operation of The X Train. This income will come from our efforts to "package" our train ticket customers with other amenities associated with traveling to Las Vegas; room reservations, show and entertainment, tours, nightclub/lounge reservations and local transportation. Our strategy is to capture a majority, if not all, of our revenue through our own website. The Las Vegas Convention and Visitor Authority 2008 Southern California and International Visitors Bureau show us the following: 59% of Southern California customers plan their trips less than one month ahead of time 98% decide where to stay BEFORE they leave home 71% decide which show to see BEFORE they leave home 24% use the internet to plan their trip 62% book their hotel accommodations using the internet 84% use the internet to book their transportation For our corporate travelers, we can arrange to have cars that will cater to their wants and needs. Offered and sold much like stadium luxury boxes, each car can be outfitted to each company's needs, be it for a board meeting or product demonstration. Our product will be considered "new" and our focus on the amenities associated with this travel experience will differentiate ourselves. No other travel option will afford its customers the experience and comfort of our accommodations which include first class seating and food & beverage both ways. Finally, we feel there is an under-appreciated market of those who choose to smoke, and we will have several cars designated for them. All cars will be outfitted with the "latest and greatest" information technology including power outlets at each seat and WI-FI access throughout our train. Finally, we plan on focusing our efforts on people's most valuable commodity, time. If you want to spend your time conducting business, you will have the ability to do so with phone and internet access on board. If you want to spend your time reading a book, you will be able to read it in the travel industry's most comfortable accommodation with food and drink delivered to your seat or you can place yourself (and your book) in one of our bar area lounges. If you smoke, we will have a place for you as well ...and it will not be outside the dock door! So however you wish to spend your time, we will make sure it is treated as the valuable commodity it is. American municipalities and businesses are facing very difficult times today as we all know. Sadly, most are tackling their bottom line challenges using familiar strategies where their primary efforts are focused on cost cutting and service reductions. The Las Vegas Railway Express team believes these strategies are mistakes. In a time when our country is looking for engagement, competence and a feeling of community with one's place in it, the X Train will differentiate itself by providing people with the aura of better and simpler times when personalized service and long lasting relationships were more than a marketing term. This service focus, along with the value we will present will enable this customer to drive our top line organically in the years ahead.
The X Train Economic Impact
Las Vegas Impact
The Las Vegas Railway Express, Inc.'s economic impact is significant to the Las Vegas community and to those who seek employment in the Las Vegas area.
As noted from the statistical numbers the advent of the X Train, as it is called, will affect employment, construction, tax base and economic diversity in the Las Vegas valley.
The X Train is making a $200 million dollar investment into the Las Vegas community with the construction of the X Train and its subsequent operations. Many areas of employment are affected and unique new jobs created by the development of this enterprise here in Las Vegas.
Direct employment opportunities with the Company include executive and middle management, culinary team, on board service and wait staff, bar management, purchasing, accounting, customer service and reservations management, rail road service technicians, locomotive maintenance specialists, rail car inspectors and stations personnel. We anticipate over 1,000 local jobs in these categories alone.
In addition to the direct employment by the company, the delivery of over 2 million of our customers each year creates a recurring demand for jobs in the gaming, entertainment, hotel and culinary service industry. Our passengers will be booking approximately 3 million room nights per year here via our service.
This in turn yields millions of meals, hundreds of thousands of cab and limo rides, thousands of golf course tee times, spa bookings, helicopter rides, show tickets and countless other entertainment options all due to the X Train arrival.
- $10,000,000 investment in Las Vegas depot construction
Passengers per year via X Train- 2,060,525
Five year direct employment - 1,000 FHE - $78,120,000 payroll
Job retention in Las Vegas community due to X Train commerce - 10,000
$400 million per year local based business revenue
Five year cumulative travel allowance spend in Las Vegas - $18.150,000
Five year cumulative spend on local transportation in Las Vegas - $52,794,056
Five year cumulative gambling drop - $1,628,138,089
And for the local governmental economy of services...
Five year cumulative spend on Las Vegas shopping - $266,694,149
$21,602,226 in sales tax revenue
Five year cumulative food and beverage spend in Las Vegas - $709,123,636
$51,411,464 in sales tax revenue
Five year cumulative rooms booked - 3,611,904 - $361,190,400 (@$100/night)
$43,342,848 in hotel room tax revenue
Five year cumulative food and beverage sales X train - $244,484,200
$17,751,045 in sales tax revenue
Five year cumulative fuel purchase - 4,875,000 gallons (.32)
$1,560,000 fuel tax revenue-(State)
Five year cumulative show spend - $56,895,160
$4,608,508 in sales tax revenue
And we have our green hat on too...
Five year cumulative cars eliminated on I-15 - 4,461,600
Five year cumulative CO2 reduction from cars taken off the I-15 - 1,085,061,120 pounds
So all in all, the X Train is a pretty good deal for Las Vegas and you only have to wait another year for it all to begin. No massive construction projects or billions in Federal funds for us. It's privately financed and runs on existing tracks.
Funny, how Las Vegas was built by the commerce of the railroad. Now 100 years later, a new railroad brings it back. Some things never change.
Contact Info For Las Vegas Railway Express
Update Company Info
- 6650 Via Austi Parkway
Las Vegas, NV 89119
Luxury passenger rail services between Los Angeles and Las Vegas
1Market Value calculated only for respective security
|Reporting Status ||SEC Filer |
|Audited Financials ||Audited |
|Latest Report ||Not Available |
|Regulatory Agency ||Not Available |
|CIK ||0001405227 |
|Fiscal Year End ||3/31 |
|OTC Market Tier ||OTCQB |
|SIC - Industry Classification ||6199 - Finance Services |
|Business Status ||Development Stage Company a/o Aug 01, 2012 |
|Incorporated In: ||DE, USA |
|Year of Inc. ||2010 |
|Employees ||10 a/o Aug 20, 2012 |
|Michael Barron ||President, CEO |
|Wanda Witoslawski ||CFO, Treasurer |
|Maria Bailey ||IR |
|Gilbert Lamphere ||Chairman |
- Formerly=Liberty Capital Asset Management, Inc. until 3-2010
Formerly=Corporate Outfitters, Inc. until 11-2008
Service Providers Auditor/Accountant Legal Counsel Investor Relations Firm
XTRN Security Details
|Market Value1 ||$175,917 ||a/o Oct 14, 2014 |
|Shares Outstanding ||62,827,446 ||a/o Oct 6, 2014 |
|Float ||24,131,162 ||a/o Oct 6, 2014 |
|Authorized Shares ||200,000,000 ||a/o Jul 01, 2014 |
|Par Value ||0.0001 |
|Shareholders of Record ||344 ||a/o Oct 6, 2014 |
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The X Train Team
Gilbert H Lamphere - Chairman of the Board
Mr. Lamphere serves on the board of Directors of CSX Corporation ($25 bn, 23,000 mile railroad) and has served on the board of Canadian national railway ($25 BN, 15,000 MILE Transcontinental RAILROAD), Chaired the Board of the Illinois Central Railroad ($2.5 bn, 1000 mile Class 1 railroad between Chicago and New Orleans) and served on the board of Florida East Coast Railway ($2.8 bn railroad, 350 miles down East Coast of Florida). He was also instrumental in the investment and oversight of Mid South Rail. Mid South, Illinois Central and Canadian National became successfully the most efficient railroads with the lowest operating ratios in North America.
Michael Barron - President/CEO
Mr. Barron has been a developer of new business enterprises for nearly 30 years. Trained as a city and regional planner, Mr. Barron was responsible for Monterey California's downtown redevelopment project of famous Cannery Row and Fisherman's Wharf. Mr. Barron founded Citidata, the first electronic provider of computerized real estate multiple listing service (MLS) information in the nation. He led the business development team at TRW that acquired 11 companies and became the world's largest repository of real estate property information - Experian. He founded and served as President, Finet Holdings Corporation (NASDAQ:FNCM), a publicly traded mortgage banking business specializing in e-mortgage financing on site in real estate offices. The company maintained a market capitalization of $500 mm. Mr. Barron pioneered the first nationwide commercially deployed video conference mortgage financing platform for Intel Corporation operating in 20 states and funded over $1 billion in closed loans annually. He was CEO for Shearson Home Loans and founded Liberty Capital, a $100 mm asset management company based in Las Vegas, Nevada.
John H Marino - Director
Mr. Marino has recently joined the company as Vice President - Rail Operations where he supervises the Company's activities with the Class 1 railroads, Amtrak, railcar procurement, and railset maintenance. Mr. Marino also serves as President of Transportation Management Services, Inc., a position he has held since 1983. From April 1992 until July 1996, he served as President and Chief Operating Officer of Rail America NYSE:RA, a publicly traded company and the largest short line railroad company in America. Mr. Marino co-founded Huron & Eastern Railway Company, Inc., a subsidiary of Rail America, and from 1986 until April 1996, served as its President and one of its directors. Mr. Marino also served as the President of Huron Transportation Group from its formation in January 1987 until its merger with Rail America Services Corporation in December 1993. He has served as President and Chief Executive Officer of several short line railroads, as an officer of the Reading Railroad and with the United States Railway Association, Washington, D.C. Mr. Marino received his B.S. degree in civil engineering from Princeton University in 1961 and his M.S. degree in transportation engineering from Purdue University in 1963. From 1963 to 1968, he served as an officer with the United States Army Corps of Engineers.
John D. McPherson - Director
John D. 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, 350 miles down East Coast of 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. From 1997-2007, Mr. McPherson served as a member of the board of directors of TTX Company, a railcar provider and freight car management services joint venture of North American railroads.
Wanda Witoslawski - Chief Financial Officer
Ms. Witoslawski has served in progressively responsible financial positions for public companies over the past 12 years. She served as Controller for Ocean West Enterprises until it's acquisition by Shearson Home Loans in 2005 when she managed the accounting function for a staff of 1,350 employees and $200 mm credit facility. Upon Shearson's exit from mortgage banking in 2007, she joined the principles Mr. Barron and Mr. Cassio-Barron as Controller at Liberty Capital Asset Management, an investor in acquiring defaulted mortgage pools, managing public accounting documents for SEC filings and the financial supervision over the liquidation of over 4,000 mortgage loans the company had acquired.
Joseph A. Cosio-Barron - Executive Vice President
Mr. Casio-Barron currently serves as LVRE's Executive Vice President and has over 35 years of experience in real estate investment and development. Previously, Mr. Cosio-Barron was President of Shearson Home Loans and co-founded Liberty Capital, a $100 million asset management company based in Las Vegas. He also served as the Managing Partner and President of CBS Consultants, Inc. a financial firm offering highly specialized services in Securities compliance, development and lending for hotels, resorts, and casinos and entertainment, as Executive Vice President of Finet Holdings Corporation, President of Terra West Construction, Senior Vice-President of Multi-Financial Corporation
Donald J. Adams - Vice President, Sales and Marketing
Mr. Adams has spent the last 35 years as Founder and Chief Executive Officer of Allstate Ticketing in Las Vegas. Allstate ticketing is the oldest and largest broker of sightseeing tours in Nevada, with over 20 (and growing) locations including the Flamingo, Harrah's, Hoover Dam, Las Vegas Convention and Visitors Authority and McCarran International airport. Mr. Adams and Allstate were pioneers in using the web-based platforms for the industry and in 2005 sold Allstate to Travelocity, Inc. Prior to founding Allstate, Mr. Adams served in executive roles for many Las Vegas gaming companies.
Dianne D. David-Barron - Stations Development Manager
Ms. David-Barron currently serves as LVRE's Stations Development Manager. Ms. David-Barron has been an executive in the real estate and mortgage industries for 38 years. She is currently responsible for the construction and operations of the Las Vegas, Nevada, X Train Railway Station and for the integration of the service in LA, Union Station and Orange County, Fullerton Station. Ms. David-Barron was previously the VP of the REO Department for Liberty Capital Asset Management, where she managed a portfolio in excess of 4,000 loans located in 23 states. Ms. David-Barron has also served as Vice President of Residential Lending for Shearson Home Loans, Sales Manager for Virtual Mortgage Network, Vice President of Lender Services for Finet Corporation and as President of the Lender Services Division of American Financial Network.