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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
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 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


Raymond Monteleone, President

(954) 920-0606
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Publication:Business Wire
Date:Jan 14, 1997
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