Providence and Worcester Railroad Company --AMEX:PWX-- Announces Engagement with Cushman & Wakefield on 45 Acre Waterfront Property.WORCESTER, Mass.--(BUSINESS WIRE)--June 29, 1999-- Providence and Worcester Railroad The Providence and Worcester Railroad (AAR reporting marks PW) is a Class II railroad in the United States. The railroad connects from Gardner in central Massachusetts, south through its namesake cities of Worcester and Providence, Rhode Island, and west from Rhode Island Company (AMEX AMEX See: American Stock Exchange : PWX PWX Pro Wrestling Xtreme (gaming) PWX Providence and Worcester Railroad Company (stock symbol) ) today announced that the Company has engaged the services of Cushman & Wakefield, Inc. to provide real estate advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for a 45 acre waterfront property owned by the Company in East Providence, Rhode Island East Providence is a city in Providence County, Rhode Island, United States. The population was 48,688 at the 2000 census, making it the fifth largest city in the state. It is a suburb of Providence. . Cushman & Wakefield, a world wide real estate services provider, has been engaged by the Company to provide real estate advisory services in the development and execution of a comprehensive marketing strategy and plan for the property, including investigation of both rail and non-rail related uses. In April, the Rhode Island Supreme Court The Rhode Island Supreme Court is the court of last resort in the U.S. State of Rhode Island. It consists of a chief justice and four justices. The current Justices of the Rhode Island Supreme Court are: Chief Justice Frank J. confirmed the Company's fee simple absolute title to a 33 acre portion of the waterfront site. Today, the Company filed an action in Superior Court in the State of Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. to confirm its fee simple absolute title to the remaining 12 acres. Providence and Worcester Railroad Company is a 545 mile regional freight railroad operating in the states of Massachusetts, Connecticut, Rhode Island and New York. Cushman & Wakefield is the preeminent international real estate service firm. Globally, Cushman & Wakefield manages 325 million square feet and either dominates or is a market leader in all its businesses, including office and industrial brokerage, financial services, advisory services, asset services, corporate services, valuation advisory services and research services. Founded in 1917, Cushman & Wakefield has 8,500 employees worldwide in 134 offices in 41 countries. Cushman & Wakefield can be reached at 1-800-346-6789 or at www.cushwake.com. This release contains "forward-looking statements" within the meaning of section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements represent the Company's present expectations or beliefs concerning future events. The Company cautions that such statements are necessarily based on certain assumptions, which are subject to risks and uncertainties, including, but not limited to, changes in general economic condition, and changing competition which could cause actual results to differ materially from those indicated herein. Further information on these risk factors is included in the Company's filings with the Securities and Exchange Commission. |
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