Nature of the business:
On January 15, 2016, the Company entered into an exclusive license agreement with X Rail Enterprises,
Inc., a Nevada publicly traded company OTC:PINK:XREE whereby XREE acquired an exclusive license
to operate the X Train service on any rail route in the United States. It further was granted exclusive use of
all X Train brands and intellectual property owned by the Company. In exchange for the license, the
Company receives a 5% royalty on the gross revenue generated by XREE under use of the X Train
operations. XREE also agreed to finance the operations of the X Train rail opportunity at its expense since
the Company was in no position to raise the necessary capital to operate the business.
The Company also sold to XREE as part of the consideration, a 100% interest in 12 passenger rail cars
previously owned by the Company. XREE has executed a car development contract with the Company to
refit and make ready the 12 passenger cars now owned by XREE in the X Train motif such that they can be
deployed on the LA to Vegas route now operated by XREE. This contract employs the Company to
manage the construction of each railcar for a fee.
The Company is now primarily engaged in a support role to the operations of the X Train operated by X
Rail Enterprises, Inc. OTCPINK:XREE.
The Company’s common stock is currently quoted on the OTCPINK under the symbol “XTRN”. The
company website is www.vegasxtrain.com.
The Company maintains offices at 9480 South Eastern Avenue, Suite 205, Las Vegas, Nevada 89123.
A. Originally incorporated in Delaware on March 9, 2007 as Corporate Outfitters, Inc.
B. SIC code: 6199
C. Fiscal year end: March 31
D. Our main service is to provide a first class “Las Vegas” style travel experience at attractive fares
together with a more moderate Coach Class for the economical visitor, while keeping our
operating costs low and pursuing ways to make our operations more efficient. We intend to grow
by adding additional trains and increasing the number of trips from Los Angeles to Las Vegas,
raising our average fare over time, expanding our relationships with premier leisure companies
and growing the level of ancillary services provided to our customers.
7. As of June 30, 2016 there is only corporate office in Las Vegas. The Company is working on securing
leases for cars and stations.
8. Officers and directors
The following table sets forth information regarding our executive officers and directors:
Name Age Office
Michael A. Barron 65 Chairman of the Board of Directors, Chief Executive
Officer
Dr. Harry Teng 52 Director
Wayne K. Bailey 67 Chief Financial Officer
Directors hold office for a period of one year from their election at the annual meeting of stockholders and
until their successors is duly elected and qualified. Officers are elected by, and serve at the discretion of,
the Board of Directors. None of the above individuals has any family relationship with any other.
In the past 5 years there was no legal/disciplinary history involving officers and directors of the Company.
Replies:
That is right! But something is missing here??
Sagittarius on 2/15/2017 2:58:14 PM
So all I am understanding is the next:
Sagittarius on 2/15/2017 4:16:19 PM
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