LAS VEGAS, NV -- (Marketwire -10/05/11)- Las Vegas Railway Express, Inc. ("X" Train) (OTC.BB: XTRN.OB - News) announced today that Gil Lamphere, 58, has been elected Chairman of the Board.
Former "X" Train Chairman & current CEO/President Michael A. Barron said, "We are pleased that Mr. Lamphere has joined our company in the position of Chairman. His extensive experience in the financial side of the railroad industry will serve the company well in the coming years as we make the "X" Train a reality."
Mr. Lamphere commented on his election as Chairman, "I am extremely excited to join the Las Vegas Railway Express, Inc. - "X" Train project. It is without question one of the most significant business opportunities I have ever seen in my 30 years in the rail industry. I believe we have a bright future."
Mr. Lamphere currently serves on the Board of Directors of CSX Corporation, a $25 billion, 23,000 mile Class 1 railroad and is a partner at FlatWorld Capital LLC. Previously, Mr. Lamphere has served on the board of Canadian National Railway ($25 billion, 15,000 mile transcontinental railroad), chaired the board of the Illinois Central Railroad ($2.5 billion, 1,000 mile Class 1 railroad between Chicago and New Orleans) and served on the board of Florida East Coast Railway ($2.8 billion railroad, 350 miles down the east coast of Florida). He was also instrumental in the investment and oversight of Mid South Rail. Mid South, Illinois Central and Canadian National became successively the most efficient railroads with the lowest operating ratios in North America.
About Las Vegas Railway Express, Inc.
Las Vegas Railway Express, Inc. has been planning for the establishment of a "Vegas-style" passenger train service between Los Angeles and Las Vegas since early 2009. Roundtrip service will be Thursday through Monday each week with an introductory price of $99 each way which includes a First Class accommodation and all-inclusive food & beverage, similar to the airline industry. 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 www.vegasxtrain.com.