SOURCE: Continental Rail Corporation

January 14, 2015 08:54 ET

Continental Rail Corporation Announces Strategic Alliance With Taylor-DeJongh

FORT LAUDERDALE, FL--(Marketwired - Jan 14, 2015) - Continental Rail Corporation "CRC" (OTCQB: CRCX) today announced the establishment of a strategic relationship with energy and infrastructure banking firm Taylor-DeJongh that will target transportation infrastructure assets in North America.

CRC is a freight railroad holding company specializing in the ownership and operation of short line and regional railroads. Short line and regional railroads are line haul railroads that generate approximately $4B USD in annual revenue. Short line and regional railroads have historically played a vital role to rail customers located in smaller communities which are not serviced by the larger Class I railroads. These railroads operate across an infrastructure of approximately 43,000 miles of rail line in the United States and comprise approximately 1/3 of the National Rail Network.

"This strategic relationship with Taylor-DeJongh, that we have been actively developing over the last 14 months, has now brought us to the next important step in the execution of our strategy to expand CRC's portfolio of short line railroads and railroad rolling stock. Our relationship with TDJ positions CRC well within the rail industry, and will enable our team to execute on our business plan to reach new markets throughout North America," said John Marino, CEO of Continental Rail Corp. "Taylor-DeJongh's experience in the energy and infrastructure space significantly expands our combined market opportunities. I look forward to successfully executing on our strategic plan and increasing value for our customers and shareholders."

"This milestone alliance is the culmination of months of intensive efforts," stated Ibrahim Mardam-Bey, President of Taylor-DeJongh. "Robust infrastructure is the foundation of healthy growth within the rail industry, and to that end we have spared no effort over the last twelve months to build the systems, management teams, and strategic relationships required for expansion in this space. We are confident that CRC is prepared to close several transactions in 2015."

About Continental Rail Corp:
Continental Rail Corp. ("CRC") is a freight railroad holding company based in Ft. Lauderdale, Florida. CRC optimizes shareholder value by acquiring short line and regional freight railroads and railroad rolling stock. CRC's goal is to provide its customers with reliable, safe and efficient rail service, with an intense focus on flawless customer service. Please visit: www.continentalrailcorp.com.

About Taylor DeJongh:
Taylor-DeJongh is an energy and infrastructure investment-banking firm that has ranked as a Top 10 Financial Advisor every year since 1996. The firm provides independent strategic and financial advisory services to a global clientele in the development, structuring, negotiating and financing of major capital investments in energy and infrastructure. The firm has over 30 years of experience in structuring complex transactions in more than 110 countries, with an aggregate value of over USD $250 billion.

Forward Looking Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding CRC's future prospects, projected financial results, estimated integration costs and acquisition related amortization expenses, and business plans. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of CRC's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.

Contact Information

  • CONTACT:
    Investor Relations:
    H. Francis Fytton
    2929 Commercial Blvd, PH-D
    Ft Lauderdale, FL 33308
    954-440-4678