LAS VEGAS, NV, Oct. 23, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- X Rail Entertainment, Inc. (OTCPK: LVXI) announced today that has been approved by FINRA for a name and symbol change. The new name of the Company is Las Vegas Xpress, Inc. and the new symbol is “LVXI.” This change reflects the Company’s plan to run passenger excursion services between Southern California and Las Vegas beginning mid-year 2019.
“Our plan is to begin service in mid year,” said Michael Barron, CEO of Las Vegas Xpress. “We plan to operate on the existing rail lines already in place and to pay a fee to the freight rail companies who own the lines.”
Mr. Barron continued, “This project has been under development for eight years and we have invested $50 million in order to secure access to operate. We have assembled the consist of cars, the insurance requirements, haulage company, and selected the train station location in Las Vegas. We are ready to roll and our name reflects our mission.”
About Las Vegas Xpress, Inc.
The Company is in the passenger rail service business and operates specialty passenger trains from metropolitan areas in the US to resort gaming/casino destinations. The Company operates its X Wine Railroad service and is preparing to run its flagship run, the X Train, from Southern California to Las Vegas in mid-year 2019. 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. (www.vegasxtrain.com).
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. The Company 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.