LAS VEGAS, NV -- (Marketwired) -- 05/14/13 -- (May l4, 2013). -Las Vegas Railway Express, Inc. (The X Train) (OTCQB: XTRN) announced today that John McPherson has been elected Chairman of the Board and George Rebensdorf has been elected as a Director to the Board. Former Chairman Gil Lamphere remains on the board as Director.
X Train CEO/President Michael A. Barron said, "As the company heads into its operational phase, the Board of Directors recommended we draw from our talent on the board to have a Chairman with Class 1 railroad operating experience. John McPherson is that man."
Mr. McPherson commented on his election as Chairman of the Board, "I am honored by my selection as Chairman of the Board of Las Vegas Railway Express, Inc. and look forward to contributing to their success in this venture. I am very appreciative to Gil Lamphere for leading the company through its venture capital financing phase and assisting management in securing a prominent Wall Street investment banker."
Mr. Rebensdorf stated: "I'm pleased to be joining the Company's Board of Directors at such an exciting time in the Company's development. I have been following the X Train's development from the beginning and as an early investor in the Company, I have seen great progress on this opportunity."
Mr. McPherson joined the Board of Directors of CSX Corporation ($25bn, 23,000 mile railroad) in July 2008. He served as President and COO of Florida East Coast Railway($2.8bn railroad, 350 miles down East Coast of Florida), a wholly-owned subsidiary of Florida East Coast Industries, Inc., from 1999 until his retirement in 2007. From 1993-1998, Mr. McPherson served as Senior Vice President Operations and from 1998-1999, he served as President and CEO of the Illinois Central Railroad ($2.5bn, 1,000 mile Class 1 railroad between Chicago and New Orleans). Illinois Central became the most efficient railroad with the lowest operating ratio in North America. Prior to joining the Illinois Central Railroad, Mr. McPherson served in various capacities at Santa Fe Railroad for 25 years. As a result of his extensive career in the rail industry, Mr. McPherson serves as an expert in railroad operations. From 1997-2007, 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.
Mr. Rebensdorf is a finance and M&A professional with over 25 years of experience in all phases of industry, both domestically and internationally. He has worked with financial and investment banking firms of all sizes and has participated in over 50 merger and acquisition transactions valued at over $1.2 billion. He has served as an advisor in public and private financings valued at over $1.8 billion, with concentrated transaction experience in the small cap and micro cap industries. Has served on the Board of Directors of numerous public and private companies, many of which he or his investors have invested in. Mr. Rebensdorf is highly experienced with corporate and SEC compliance standards. He graduated magna cum laude from Arizona State University, and holds a Juris Doctor degree from Creighton University School of Law.
He is currently President of The Rebensdorf Group, Inc. ("TRGI"), a boutique investment banking and consulting firm dealing primarily with emerging growth companies. TRGI's clients included companies of all sizes and in all stages of development. TRGI has advised numerous companies from start-up phases through the IPO process. Finance projects have ranged from $1 million to $140 million.
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 Vegas Class accommodations. 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.
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