FORT LAUDERDALE, FL, September 11, 2013 - (ACCESSWIRE) - Continental Rail Corp. ("CRC") (OTC Pink: CRCX), a short line and regional freight railroad holding company, today announced that it has engaged energy and infrastructure investment banking firm Taylor-DeJongh Ltd. ("TDJ") to assist CRC with developing a freight railcar acquisition finance program. The engagement letter, subject to certain terms and conditions, is effective immediately.
Under the terms of the engagement, CRC, through its rail equipment leasing division, will work with TDJ to identify an initial fleet of approximately 6,000 railcars for lease to third parties. TDJ will work with CRC to develop a financing platform that allows CRC to acquire and manage portfolios of railcars. CRC's railcar leasing division plans to lease the railcars to freight railroads and rail customers throughout North America.
John H. Marino, Jr., CEO of Continental Rail Corp., said, "CRC is very pleased to establish this relationship with TDJ, a firm that has over 30 years of experience in structuring capital finance and investments for clients worldwide and was recently ranked #3 Global Financial Advisor by Infrastructure Journal for the first half of 2013. CRC's management team has over 75 years of combined experience in the short line railroad industry, and matching this with TDJ's expertise creates a strategically significant relationship."
Taylor-DeJongh Group President, Ibrahim Mardam-Bey, noted, "The railcar asset class is of unique interest to Taylor-DeJongh and our institutional investor base, and we are pleased to assist Continental Rail with arranging and raising capital for this transaction. We have a successful track record in arranging asset-backed financing with international investors seeking exposure to alternative asset classes. TDJ looks forward to working with CRC in developing this program."
Continental Rail Corp. ("CRC") is a short line and regional freight railroad holding company based in Fort Lauderdale, Florida. CRC plans to grow shareholder value by selectively investing in short line and regional freight railroad properties and railroad rolling stock. CRC's goal will be to provide customers with exceptional customer service through reliable, safe and efficient rail operations and rail-related services. Visit our website at www.ContinentalRailCorp.com.
Taylor-DeJongh Ltd. is an energy and infrastructure investment banking firm that has ranked as a Top 10 Financial Advisor consistently since 1995. The firm provides independent financial advisory services to a global clientele in the development, structuring, negotiating and financing of major capital investments. The firm has over 30 years of experience in structuring complex transactions in more than 100 countries, with an aggregate value of over USD 250 billion. The firm has offices in Washington DC, London and Dubai. http://www.Taylor-DeJongh.com/
Safe Harbor Statement
The statements in this press release that relate to Continental Rail Corp.'s (CRC or the Company) expectations with regard to the future impact on the Company's results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE: Continental Rail Corp.
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