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First American Railways signs trackage agreement with Florida Department of Transportation.



HOLLYWOOD, Fla.--(BUSINESS WIRE)--Jan. 14, 1996--First American Railways, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
, Small Cap: FTRN FTRN Fair Trade Resource Network ), an entertainment-based passenger rail company, announced today that its previously-announced letter of intent with the State of Florida Department of Transportation The Florida Department of Transportation (FDOT) is a decentralized agency charged with the establishment, maintenance, and regulation of public transportation in the state of Florida[1].  has been reduced to a definitive agreement. This agreement will allow First American First American may refer to:
  • First American (comics), A superhero from America's Best Comics
  • First American, a division of the now-defunction Bank of Credit and Commerce International.
 to operate its Florida Fun-Train on the Department's South Florida rail corridor between Hialeah and West Palm Beach, FL.

As previously announced, First American Railways has a long- term track rights agreement with CSX Transportation "CSX" redirects here. For the parent company, see CSX Corporation. For other uses, see CSX (disambiguation).

CSX Transportation (AAR reporting marks CSXT) is a Class I railroad in the United States, owned by the CSX Corporation.
, Inc. for the use of CSXT's tracks along the West Palm Beach/Greater Orlando rail corridor. "These two routes, when linked, will enable our Fun-Train to provide riders with a high-quality, entertaining and safe overland alternative to other means of transportation between these major Florida tourist destinations," according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Raymond Monteleone, First American's president. The Fun-Train is expected to begin operations later this year, and will offer a wide variety of onboard entertainment and dining experiences.

First American Railways, Inc. is a publicly-held, entertainment-based passenger rail company with headquarters in Hollywood, FL., whose mission is:

To be the recognized leader in providing an innovative, quality entertainment-based passenger rail service, offering our customers, employees and shareholders an experience which exceeds their expectations.

CONTACT: L.B. Stauffer Thomas Gibson, Media Consultant

Porter, Le Vay & Rose, Inc. Porter, Le Vay & Rose,Inc.

(212) 564-4700 (212) 564-4700

or

Raymond Monteleone, President

(954) 920-0606
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 14, 1997
Words:232
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