LAS VEGAS, NV--(Marketwire - Nov 16, 2012) - Las Vegas Railway Express, Inc. (LVRE) (OTCQB:
XTRN) and Union Pacific Railroad have signed a conditional agreement to provide passenger service on Union Pacific-owned right of way between Las Vegas, Nev., and Daggett, Calif. This agreement is contingent upon LVRE fulfilling a variety of conditions in a specified time frame. LVRE plans to operate an expedited luxury train service between the Los Angeles basin and Las Vegas through the use of Union Pacific track. Known as the "X Train," the service is currently scheduled for commencement in late 2013.
"We are proud that Union Pacific is working with us on this exciting and historic project," commented Michael Barron, President and CEO of Las Vegas Railway Express, Inc. "This moment will be long remembered as an important milestone in providing a great experience for X Train customers."