Las Vegas Xpress, Inc. Announces First Transit to Operate X TrainPress Release | 11/28/2018
Company Teams with UK’s Largest Rail Operator to Make the X Train a Reality
LAS VEGAS, NV, Nov. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Las Vegas Xpress, Inc. (OTCPK: LVXI) (www.vegasxtrain.com) a company that is developing passenger rail service from Southern California to Las Vegas, and the operator of X Wine Railroad (www.xwinerailroad.com), announced today that it has selected First Transit Group, the American subsidiary of $ 7 billion UK-based First Group, to operate the X Train, the first luxury train to connect Southern California to Las Vegas in over 20 years.
Michael Barron, Chairman and CEO of Las Vegas Xpress, said, “After a long and careful search we are pleased to be working with First Transit Group, the American subsidiary of UK-based First Group. The company is one of the UK’s most experienced rail operators. We are confident that here in the US, First Transit will be the partner to help us make the X Train a reality.”
First Group operates globally, with the largest footprint in UK and North America. The company has five rail and bus divisions including Greyhound Lines, the largest motor coach service in the United States and Canada, which became a subsidiary in 2007. First Group employs 100,000 employees with revenues of approximately $ 7 billion in 2017, and transported 2.1 billion passengers last year.
Mr. Barron added, “As one of the largest private sector operators in the US, we believe First Transit is in the best position to deliver the most innovative and efficient solutions to make the X Train a passenger rail service experience like none other in the country. Our plan is to begin operations of the X Train in mid-year 2019.”
Gregg Baxter, SVP at First Transit, said, “We are pleased to be working with the X Train team on this landmark project. We have over 60 years of experience in North America, and we believe the X Train is one of the most exciting opportunities in rail today. We have the expertise and technology to bring this project to completion.”
About FirstGroup
FirstGroup plc is a leading transport operator in the UK and North America. With £6.4 billion in revenue and more than 100,000 employees, the company transported around two billion passengers last year. Each of its five divisions is a leader in its field: In North America, First Student is the largest provider of student transportation with a fleet of around 44,000 yellow school buses. First Transit is one of the largest providers of outsourced transit management and contracting services, while Greyhound is the only nationwide operator of scheduled intercity coaches.
In the UK, First Bus is one of Britain's largest bus operators, transporting 1.6 million passengers a day. The company is one of the country's most experienced rail operators, carrying around 130 million passengers last year. Its vision is to provide solutions for an increasingly congested world -- keeping people moving and communities prospering.
About First Transit
First Transit, Inc. has 60 years of experience and is one of the largest private-sector providers of mobility solutions in North America moving more than 350 million passengers annually. First Transit, Inc. provides operation, management and consulting for more than 300 locations in 39 states, Canada, Puerto Rico, Panama and India for transit authorities, state departments of transportation, municipalities, hospitals, universities and private companies. First Transit employs more than 19,500 dedicated transit professionals. For additional information, please visit www.firsttransit.com.
About Las Vegas Xpress, Inc.
Las Vegas Xpress, Inc. is in the rail service business and operates specialty passenger trains from metropolitan areas in the US to resort gaming/casino destinations. LVXI has three operating divisions, Las Vegas Xpress (a Southern California to Las Vegas passenger train), X Wine Railroad, and Club X -- our membership club. The company owns a licensed IATIAN travel agency, X Train Vacations which books excursion rail travel for passengers.
Forward Looking Statements
This press release may contain forward-looking statements regarding Las Vegas Xpress, Inc. (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements”, including statements regarding: the financial outlook of the Company, the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, and involve known and unknown risks and uncertainties. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, and may be beyond the Company’s ability to foresee or control. Las Vegas Xpress does not undertake an obligation to update or revise any forward-looking statements, and all forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
AI
