Train Travel Holdings Inc. Announces Acquisition of Control of Vanell Corp
February 04 2014 - 10:30AM
Marketwired
Train Travel Holdings Inc. Announces Acquisition of Control of
Vanell Corp
FT LAUDERDALE, FL--(Marketwired - Feb 4, 2014) - Train Travel
Holdings Inc. [TTHI], a TBG Holdings portfolio company, announced
today that TTHI has acquired a control position in Vanell Corp
(OTCQB: VANL). With this position, Train Travel Holdings Inc. has
become a subsidiary of Vanell Corp.
Train Travel Holdings Inc. [TTHI] was recently formed to hold
the assets of Train Travel Inc. (TTI), an entertainment train
company with a 30-year history and a currently operating train, the
Columbia Star Dinner Train. Train Travel Holdings Inc. announced
the signing of a Binding LOI to acquire TTI and its assets in
December of 2013, and is awaiting the completion of a mandatory
audit to finalize the acquisition.
Neil Swartz, the new CEO of Vanell Corp, confirmed, "We are
pleased to have assembled a top notch management team which will be
announced in the next couple of weeks. TTHI is creating a firm
foundation with its forthcoming purchase of Train Travel Inc. and
its existing railroad assets. Our transition to a publicly traded
company will open up opportunities to accelerated growth and rapid
acquisitions of other entertainment railroads around the country
and abroad."
TTHI is engaged in acquisition talks with several existing
entertainment railroads. "A rollup of an increasing number of such
trains will be TTHI's prime objective. The Company's goal is to
capture a significant percentage of the market share, establishing
a dominant presence in the industry, and thus increase shareholder
value," stated Neil Swartz, CEO.
As part of this rollup strategy Train Travel Holdings Inc. will
benefit from a centralized booking and management systems with
anticipated cost reductions. The primary focus of Vanell Corp.
management will be Train Travel Holdings Inc.
For more information concerning this transaction, please see the
company's recent 8K filing with the Securities and Exchange
Commission.
About Train Travel Inc. (TTI)
TTI is an established entertainment railroad company with nearly
30 years of successful operating experience. TTI grows shareholder
value by selectively investing in entertainment trains across the
US and Canada. Our goal is to provide customers a destination
package on a real moving train that creates a memorable dining and
entertainment experience. TTI has built a reputation for creating
an exquisite onboard experience. The five-star food, entertainment,
extraordinary staff, beautifully appointed train cars and stellar
safety record is second to none. A centralized reservation staff
& tour marketing center is near implementation to benefit all
forth-coming TTI operations. A rollup of an increasing number of
such trains will be TTI's prime directive, allowing investors to
share in the benefits of this ownership. The Company's goal is to
capture a significant percentage of the market share, thus
establishing a dominant presence in the industry.
About TBG Holdings Corp.
TBG Holdings ("TBG") is a financial consulting firm that works
with public and private companies, bringing a sophisticated and
efficient approach to structuring their capital, allowing them to
take advantage of the existing foundation and continued
development. Our 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 Holdings'
first successful railroad company, Continental Rail Corp was
brought public in the summer of 2013, and has continued to
grow.
For further information, please visit TBGHoldings.com
Train Travel Inc. website: TrainTravelInc.com
Forward-Looking Statements:
Any statements that are not historical facts contained in this
release are "forward-looking statements" as that term is defined
under the Private Securities Litigation Reform Act of 1995 (PSLRA),
which statements may be identified by words such as "expects,"
"plans," "projects," "will," "may," "anticipates," "believes,"
"should," "intends, " "estimates," and other words of similar
meaning. Such forward-looking statements are based on current
expectations, involve known and unknown risks, a reliance on third
parties for information, transactions or orders that may be
cancelled, and other factors that may cause our actual results,
performance or achievements, or developments in our industry, to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties
related to the fluctuation of global economic conditions, the
performance of management and our employees, our ability to obtain
financing or required licenses, competition, general economic
conditions and other factors that are detailed in our periodic
reports and on documents we file from time to time with the
Securities and Exchange Commission. The forward-looking statements
contained in this press release speak only as of the date the
statements were made, and the companies do not undertake any
obligation to update forward-looking statements. We intend that all
forward-looking statements be subject to the safe-harbor provisions
of the PSLRA.
Contact: H. Francis Fytton FFytton@TBGHoldings.com Train Travel
Holdings Inc. Neil Swartz CEO Phone: 954.440.4678
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