FT LAUDERDALE, FL – via eTeligis - 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
SOURCE: Vanell Corp.
Associated Documentation:
Link to submission on http://www.eteligis.com
VANL_2-4-14_LST_ETL.docx
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