Passenger Trains > XTRAIN Signs Right of Way Agreement with Union Pacific!

Las Vegas Railway Express OTCQB: XTRN Signs Right of Way Access Agreement With Union Pacific Railroad

Nov 16, 2012 9:30:00 AM

LAS VEGAS, NV -- (Marketwire) -- 11/16/12 -- 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.

are you at liberty to mention the "conditions" upon which this conditional agreement is based?

Although UNP has issued a number of press releases about its service partners (Pacer into Mexico, etc) in recent days, I haven't seen one on this deal yet.

Thanks.

BidHitter Wrote:
-------------------------------------------------------
> Las Vegas Railway Express OTCQB: XTRN Signs Right
> of Way Access Agreement With Union Pacific
> Railroad
>
> Nov 16, 2012 9:30:00 AM
>
> LAS VEGAS, NV -- (Marketwire) -- 11/16/12 -- 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.


As one who deconstructs texts for a living, I see lots of red flags here.

I'm nothing more than a shareholder so I have no further info. I would be interested in knowing that info. as well. I know there's been people on this site that have said they would NEVER get an agreement with UP. Well............ here it is! Course I'm not one to say "I told you so!" So I won't! lol...

All the naysayers need to realize that if you throw enough money at ANYTHING, it can happen.

Not that it's a done deal but I'm hoping to see them succeed!

<flame away all you basement computer know-it-alls>

---

BidHitter Wrote:
-------------------------------------------------------
> I'm nothing more than a shareholder so I have no
> further info. I would be interested in knowing
> that info. as well. I know there's been people on
> this site that have said they would NEVER get an
> agreement with UP. Well............ here it is!
> Course I'm not one to say "I told you so!" So I
> won't! lol...


Is this an agreement or a willingness to talk about an agreement? It seems to me that UP is willing to talk about it, nothing more.

outpost Wrote:
-------------------------------------------------------
> All the naysayers need to realize that if you
> throw enough money at ANYTHING, it can happen.
>
> Not that it's a done deal but I'm hoping to see
> them succeed!
>

So when was the last time you were in Las Vegas to check out the "progress" or visited the secret site where the purchased Bi-Level cars are stored?

I'm hoping someone will revive a rail service between Las Vegas and SoCal, too.

Ptolemy Wrote:
-------------------------------------------------------
> Is this an agreement or a willingness to talk
> about an agreement? It seems to me that UP is
> willing to talk about it, nothing more.

Maybe UP has decided that the fastest way to kill the project is to play along with them.

"signed a conditional agreement" - sounds like a bit more than just "talking" about it, doesn't it?

BidHitter Wrote:
-------------------------------------------------------
> "signed a conditional agreement" - sounds like a
> bit more than just "talking" about it, doesn't it?


No it doesn't. By analogy from the film industry, which I have some connections to, the first step is to sign a conditional agreement, or some such. That means you agree to talk about it, but nothing has been decided. Most of these "conditional agreements" go nowhere, although sometimes money can change hands.

If this right of way agreement is true.Then Hell really did freeze over.

Suggestion - why don't some of you train guys connected with UP, check it out through your own sources? I for one would love to hear what UP has to say about all of this!

I would love to ride this train instead of riding that Van out of Kingman,AZ to the Chief to Las Vegas.

BidHitter Wrote:
-------------------------------------------------------
> Suggestion - why don't some of you train guys
> connected with UP, check it out through your own
> sources? I for one would love to hear what UP has
> to say about all of this!

Actually, it's the job of the management at Las Vegas Express Railway, Inc., to provide the best possible information to its shareholders, one of whom is you. If you must rely on TO members to get the UP side of the story, it speaks volume about how you are being treated.

I regard this new press release as a damage control response to an article published in the Las Vegas Review-Journal, regarding the conflicting reports about XTRN and agreements with various railroads, including BNSF and UP. So nothing much has changed since we last heard about XTRN, IMO

I await news of a station contruction at Yermo or Daggett in case BNSF refuse to agree. Gotta have a Plan B, ya know? :-)

I'm not aware of any LVRJ article but would love to see it. As an ex-broker and 25 years experience working with public companies I understand what an issuer's responsibilities are to its shareholders. There is certain information... like specific details of an agreement, that an issuer is not always required to disclose. I am not speaking specifically about this agreement but I know in general, that is reality.

BidHitter Wrote:
-------------------------------------------------------
> I'm not aware of any LVRJ article but would love
> to see it. As an ex-broker and 25 years
> experience working with public companies I
> understand what an issuer's responsibilities are
> to its shareholders. There is certain
> information... like specific details of an
> agreement, that an issuer is not always required
> to disclose. I am not speaking specifically about
> this agreement but I know in general, that is
> reality.

The link was already posted in another thread you started. Are you saying you don't follow up on your own thread?

I guessed I missed it... I don't keep up on this very often. I will look for it. thanks!

I don't qualify as a basement computer know it all, since I have no basement. I'll believe it when
i see it.

BidHitter Wrote:
-------------------------------------------------------
> I guessed I missed it... I don't keep up on this
> very often. I will look for it. thanks!

Here it is:

LVRJ

Interesting! Thanks!