FORT LAUDERDALE, FL, United States, via ETELIGIS INC., 10/31/2014 – –
TBG Holdings Corporation, majority shareholder in Train Travel Holdings Inc. (OTCQB: TTHX), announced today that an 8K has been filed on behalf of Train Travel Holdings Inc. and the intended transactions to acquire Train Travel Inc. and Railmark Holdings Inc. have been unwound. TBG Holdings Corporation, who sold B. Allen Brown control, has taken every conceivable measure in the effort to overcome challenges encountered working with Railmark Holdings Inc. but has not been able to resolve the issues. After exploring all reasonable solutions, it has been determined by all parties that the conditions of the proposed merger could not be completed. It was deemed to be in the best interest of shareholders to terminate the process and unwind the agreements immediately.
In addition, the unwind agreement cancelled any and all prior agreements, including all financial, promissory notes and other commitments. All of the preceding are now null and void. As a result, TBG Holdings Corporation and Train Travel Holdings Inc. (OTCQB: TTHX) no longer have any interest in Railmark Holdings Inc. or any of its corporate subsidiaries.
“We are assessing our options over the next few days and will provide shareholders with an update within a week,” said Neil Swartz, CEO of TBG Holdings.
About Train Travel Holdings Inc.:
Train Travel Holdings Inc. (OTCQB: TTHX) is a publicly traded company headquartered in Ft. Lauderdale, Florida.
About TBG Holdings Corporation:
TBG Holdings (“TBG”) and sister company, R3 Accounting, provide opportunities for select accredited investors to participate in the accelerated growth of early stage companies. TBG creates value for its shareholders by leveraging its “first view advantage” – spotting underappreciated and overlooked companies. TBG provides promising companies with a “Bridge to Liquidity” in the form of capital infusion and assistance with compliance filings, financial restructuring, and assistance to become publicly traded. TBG establishes value for its shareholders by securing an equity position in select clientele – building a portfolio of undervalued companies that TBG will endeavor to increase in value – thereby enabling TBG shareholders to benefit from increased value alongside client shareholders.
For further information, please visit TBGHoldings.com
Safe Harbor 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.
H. Francis Fytton
SOURCE: Train Travel Holdings, Inc.