We are fortunate to have secured the financial talents of Hunter Capital Group as we move forward with our financing of this project. Their specialized experience in asset and equity financing is a major benefit for the company.
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Las Vegas, NV (PRWEB) April 7, 2010
Las Vegas Railway Express, Inc. (“X” Train), (OTCBB:XTRN) is pleased to announce the appointment of Hunter Capital Group, LLC as its Financial Advisor for the development of the X Train. The engagement is part of the continuing effort the company is taking toward financing the rail service project between Los Angeles and Las Vegas.
Las Vegas Railway Express, Inc.’s Chairman & CEO Michael A. Barron said, “We are fortunate to have secured the financial talents of Hunter Capital Group as we move forward with our financing of this project. Their specialized experience in asset and equity financing is a major benefit for the company.”
David Eastman, Managing Director of Hunter Capital said “We have seldom seen an opportunity to be on the ground floor of such an exciting and unique investment project such as we have undertaken here with Las Vegas Railway Express, Inc. We believe both international and domestic investors will find this an attractive investment opportunity. We welcome this engagement.”
About Hunter Capital:
Hunter Capital Group, LLC (HCG) was established in 1996 as a merchant banking and financial advisory firm focusing on early growth and middle-market companies. Since its inception, HCG has completed over $2 billion worth of private debt and equity transactions. In its role as principal investor, HCG has also invested the capital of its parent company and clients in over a dozen different companies totaling in excess of $125 million of venture capital and buyout private equity. In 2002, the principals of HCG raised their first dedicated private equity fund, Prospector Equity Capital, L.P. (http://www.pecinvestors.com), a venture capital fund with performance in the top quartile for its vintage year.
From 2002 to present, HCG has focused on managing PEC and conducting financial advisory assignments for HCG's parent company, Kuwait Projects Company (Holding) KIPCO, and related-party entities. HCG currently performs financial advisory work for a number of growth and middle market companies throughout the US.
About Kuwait Projects Company (Holding): The KIPCO Group is one of the largest diversified holding companies in the Middle East and North Africa, with assets under management of US $25 billion. The Group has significant ownership interests in a portfolio of over 60 companies, employing over 8,000 people and operating across 26 countries. KIPCO is publicly traded on the Kuwait Stock Exchange (KPROJ.KK) with a market capitalization of over KD 600 million (as of March 27, 2010). More information can be found at http://www.kipco.com.
About Las Vegas Railway Express
Las Vegas Railway Express, Inc. has been planning the re-establishment of a “Vegas” style passenger train service between Los Angeles and Las Vegas since 2009. The company is completing its strategic planning stages and anticipates its inaugural run in mid-year 2011, subject to various approvals. See company website 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.