On 22nd October’14, BrilliantPennyStocks.com initiated coverage on XTRN. The stock moved up by 75% since the coverage was initiated.
On 21st October, Las Vegas, Nevada based Las Vegas Railway Express (OTCMKTS:XTRN) more popularly known as the Vegas X Train, announced last week that it is launching the engineering operations to set up a new train line called the X Train. This train line would be running on the yet to be built LA to Vegas section and would be laid on the western alignment.
Luxury Train To Connect Two Tourist Infested Cities
Las Vegas Railway Express (OTCMKTS:XTRN) aims to run a luxury train on this section which would connect the two tourist frequented cities of Los Angeles and Las Vegas. The announcement is a slight deviation from the firm’s previous plan to run the new rail line between Cajon Pass to reach Barstow and then proceed north to reach Las Vegas.
Realignment Based On Expert Advise
Vegas X Train had reached out to UNLV's Rail Engineering program and sought their expertise to plan the proposed Vegas railroad. UNLV under the leadership of Dr. Harry Teng had in turn proposed this realigned route map. The revised master plan proposed by UNLV succeeds in retaining all the aspects of the original 2007 plan of Las Vegas Railway Express (OTCMKTS:XTRN) to connect Las Vegas with Los Angeles.
CEO Speak
While commenting about the finalization of the rail road alignment, Las Vegas Railway Express (OTCMKTS:XTRN) Chairman of the Board and Chief Executive Officer Michael A. Barron has disclosed that, "We have spent the last year re-tooling our efforts to run the X Train service between Los Angeles and Las Vegas and based on the findings of UNLV's Rail Engineering Group, have concluded that the route from LA to Mojave to Barstow to Las Vegas would avoid the rail traffic of the Cajon Pass."
Has Sought Local Support
Mr. Barron also disclosed that the company has already reached out to both local and statewide regulators and sought their support and blessings for completing this ambitious infrastructure project on time.
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