Saturday, December 28, 2019 3:07:05 PM
LAS VEGAS, NV, Jan. 25, 2018 (GLOBE NEWSWIRE) — The Las Vegas Railway Express, Inc. (OTCPK: XTRN), owner of the X Train brand and brand licensor, today announced the acquisition of United Rail, a private company and owner of the Rail Management Services (RMS) short line management package. RMS is an integrated management services bundle which allows short line companies in both freight and passenger excursion businesses to contract for services such as marketing and sales, accounting, logistics, compliance and other functions by outsourcing these expensive functions for a fraction of current costs. RMS will become the primary business of XTRN as it now will seek to have short line companies use RMS for their business management backbone. Affiliate short lines using RMS will only pay for the services they use and those seasonal businesses in the passenger rail business won’t need to carry expensive staff costs when not running.
If URAL inc. formerly XTRN has already purchased United Rail, the private company. How can they in turn purchase URAL inc. projects when URAL inc. already owns United Rail, the private company.
Someone please shed a light
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