SOURCE: Train Travel Holdings Inc.

April 23, 2015 08:41 ET

Train Travel Holdings Inc. Signs a Letter of Intent to Acquire Turnkey Home Buyers USA Inc.

FT. LAUDERDALE, FL--(Marketwired - Apr 23, 2015) - Train Travel Holdings Inc. (OTCQB: TTHX) ("TTH") today announced that the company has signed a letter of intent to acquire Turnkey Home Buyers USA Inc., a real estate holding and development company.

Turnkey Home Buyers USA, located in Fort Lauderdale, Florida, was formed in September 2014 by the merging of Robert Blair Real Estate, a real estate education company, and Brian Neal Real Estate, a full service residential and commercial real estate brokerage, also located in Fort Lauderdale, Florida. Robert Blair Real Estate has been mentoring real estate investors for over 20 years in real estate investment best practices. Robert Blair, the principal of Robert Blair Real Estate, and his team created the National "SUCCESS MAGAZINE" Real Estate educational program that educated thousands of people in the early 2000s, generating millions in revenue from the sale of educational products over a three-year period. Turnkey Home Buyers, a licensed real estate brokerage, leverages the current favorable market conditions, with the extensive real estate industry experience of its management team, in the building of a profitable wholesale real estate investing and consulting company. This acquisition is subject to the execution of definitive agreements and the audit of the financial statements of Turnkey Home Buyers USA, Inc.

Train Travel Holdings' CEO, Neil Swartz stated, "Turnkey Home Buyers USA should be an attractive acquisition for us since it brings an established revenue producing business with experienced management and a proven track record."

Turnkey Home Buyers' COO, Joseph Blair, stated, "Being part of a public company will give Turnkey access to resources not previously available to us. Turnkey Home Buyers USA will benefit by having access to a broader range of funding resources, plus experienced financial management through TTH. This should enable us to expand our operations more rapidly. It is an exciting move for us and our investors."

"Since both TTH and Turnkey Home Buyers USA Inc. are TBG portfolio companies, the TTH shares being exchanged with the Turnkey Home Buyers USA, Inc. will come from TBG Holdings Corp. and its principal shareholders, Neil Swartz and Tim Hart who are also our principal shareholders and executive officers and directors. Dilution to the TTH shareholders should therefore be minimal," added Neil Swartz, CEO of both TBG Holdings and TTH. "TBG's primary concern is our shareholders, and since we must expand our reach into other industries to increase the company's value, we felt that the shareholder should get the benefit."

ABOUT Train Travel Holdings: Train Travel Holdings Inc. (OTCQB: TTHX) was established to own and operate entertainment trains and related real estate assets. Through a series of targeted acquisitions and organic growth, Train Travel Holdings Inc. plans to grow shareholder value. The Company's goal is to increase the value of the company holdings through development of owned assets and new acquisitions.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.

Contact Information

  • Investor Relations:
    Jayson Marte
    2929 Commercial Blvd, PH-D
    Ft Lauderdale, FL 33308
    954-440-4678