Thomson Reuters Business Description
Las Vegas Railway Express, Inc., formerly Liberty Capital Asset Management, Inc, is a business development company, which is focused on re-establishing a rail passenger train service between Las Vegas and Los Angeles. The development concept is to provide a Las Vegas style experience on the train, which would traverse the planned route in approximately 5:30 hours. The Company acquired Las Vegas Railway Express (LVRE) in January 2010. LVRE is a development-stage company. The Company has hired Transportation Management Services, Inc. for the procurement of 20 bi-level railcars and locomotives. Prior to January 21, 2010, the Company had been engaged in acquiring underperforming mortgage loan portfolios and generating revenues from re-performing, sale of loans and fee revenue. During the fiscal year ended March 31, 2010, the Company had not generated any revenue associated with the railcar operations.
