LAS VEGAS, NV, May 01, 2018 (GLOBE NEWSWIRE) -- X Rail Entertainment Inc. (OTC PINK: XREE) www.xrailentertainment.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 veteran railroad executive John McPherson has been appointed to its Board of Directors effective May 1st, 2018.
Chairman and CEO, Michael Barron, said, “I am thrilled to have John join the X Rail Entertainment Board of Directors. I believe his many years of experience and senior level leadership roles in the railroad industry will be invaluable to our company as we prepare to begin operations for the new passenger rail service from Los Angeles to Las Vegas.”
Mr. Barron added, “As a result of his extensive career in the rail industry, John is truly an expert in railroad operations.”
Currently, Mr. McPherson serves on the Board of Directors of CSX Corporation, a $49 billion, Class I Railroad.
He served as President and Chief Operating Officer of Florida East Coast Railway, a wholly-owned subsidiary of Florida East Coast Industries, Inc., from 1999 until his retirement in 2007.
From 1993 to 1998, Mr. McPherson served as Senior Vice President – Operations, and from 1998 to 1999 he served as President and Chief Executive Officer of the Illinois Central Railroad. Under his leadership, Illinois Central became the most efficient railroad with the lowest operating ratio in North America, and was acquired by Canadian National Railway for 2.4 billion in 1998.
From 1997 to 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.
Prior to joining the Illinois Central Railroad, Mr. McPherson served in various capacities at Santa Fe Railroad for 25 years.
“I am very pleased to join the Board of Directors of X Rail Entertainment,” said Mr. McPherson. “The Company has a vision for the future of passenger rail service and a unique business model – one of the best I have seen to date in the rail industry. I look forward to working together.”
About X Rail Entertainment, Inc.
X Rail Entertainment, Inc. Is in the rail service business and operates specialty passenger trains from metropolitan areas in the US to resort gaming/casino destinations. XREE has three operating divisions, Las Vegas Railway Express (an LA to 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 X Rail Entertainment, 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. X Rail Entertainment 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.