SOURCE: Las Vegas Railway Express, Inc.

Las Vegas Railway Express, Inc.

March 03, 2011 13:04 ET

Las Vegas Railway Express, Inc. - "X" Train Names Gregory P. West Chief Financial Officer

LAS VEGAS, NV--(Marketwire - March 3, 2011) - Las Vegas Railway Express, Inc. ("X" Train) (OTCBB: XTRN) announced today that Gregory P. West, 51, has been appointed Chief Financial Officer replacing John Zilliken, 46, who has moved to the post of EVP/Chief Operating Officer. Mr. West will be responsible for all the Company financial strategy, management and reporting, including the execution of financial development infrastructure for all financial and managerial reporting systems. Mr. West has over 26 years of progressively responsible financial experience in the railroad business. His past position was with the Southern California Regional Rail Authority (Metrolink) where he served as Chief Financial Officer whereby he managed the Finance, Accounting, Procurement, Project Controls and Fare Collections departments of the Agency. Metrolink is the premier Southern California regional rail system, including commuter and other passenger services, linking communities to employment and activity centers via its 55 stations and carries over 12 million passengers a year. Prior to Metrolink, he was the Treasurer and Assistant Secretary for the Florida East Coast Railroad and was employed there for 25 years. In his various duties, he was responsible for a wide range of financial management issues ranging from fare management, to budget director, cash management and investments as well as corporate responsibilities. The Florida East Coast Railway (FEC) operates along 351 miles of mainline track along the east coast of Florida and with interchanges with Class I railroad companies Norfolk Southern and CSX Transportation.

Mr. West received a B.S. in Business Management from Carson-Newman College.

"We are please that Mr. West has joined our company as its new Chief Financial Officer. His extensive experience in the financial world of the railroad industry will serve the Company well in the coming months and years as we make our product, The 'X' Train, a reality," says Michael A. Barron, Chairman and Chief Executive Officer of Las Vegas Railway Express, Inc.

Mr. Zilliken will be responsible for the design, development and construction of our railcar product, executing the organizational planning for the train's service and operational standards.

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 roundtrip. 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

Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Las Vegas Railway Express, Inc.
    Mr. Michael Barron
    CEO
    Email Contact
    (702) 583-6715

    Allen & Caron Inc.
    Mr. Michael Mason (investors)
    Email Contact
    (212) 691-8087

    Len Hall (financial media)
    Email Contact
    (949) 474-4300