SOURCE: TBG Holdings Corp.
FT. LAUDERDALE, FL--(Marketwired - Dec 11, 2013) - This morning TBG Holdings Corp released the news that this week it has moved to acquire its second railroad company, and has signed a letter of intent to purchase Train Travel Inc. (TTI). TTI is an established entertainment railroad company with nearly 30 years of successful operating experience and over 3,000,000 customers served. TTI currently owns and operates three locomotives and multiple theme cars. This acquisition will follow closely behind TBG's August 2013 announcement regarding its investment in Continental Rail Corp (OTC Pink: CRCX), a publicly traded shortline and regional railroad company.
"Being involved in the railroad business, we saw a great opportunity for building a company to consolidate and acquire entertainment railroads across the country, and beyond," said Neil Swartz, CEO of TBG Holdings Corp. "We are excited to have found such exceptional, experienced leadership for the new company in the person of B. Allen Brown, founder of Railmark Holdings Inc. It is our intention to take TTI public through an RPO with one of TBG's public company assets."
The CEO of Train Travel Inc., B. Allen Brown stated, "TTI's management is certain that the entertainment train niche is an under-exploited market opportunity. There are currently numerous entertainment-related trains operating in the North American continent. Many US states and Canadian provinces are completely untapped, offering a magnificent market share consolidation opportunity for investors with foresight. "
TBG Holdings and TTI will be immediately building out and expanding the business it already owns -- the Columbia Star Dinner Train, located in Columbia, Missouri, and seeking out other promising entertainment trains that can be acquired by TTI.
ABOUT TBG Holdings: TBG Holdings Corp ("TBG") is a financial and business advisory consulting firm that works with public and private companies, to bring a sophisticated and efficient approach to structuring their capital, allowing them to take advantage of the existing foundation and continued development. Their comprehensive understanding of the market, trends, and issues positions us as integral members of our client's team, working collaboratively to achieve their objectives. TBG provides a full range of business services which include marketing and sales support, financial advisory, capital formation and accounting to their clients and portfolio companies. TBG Holdings Corp's portfolio companies include Continental Rail Corp (OTC Pink: CRCX) and Monkey Rock Group, Inc. (OTC Pink: MKRO).
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