Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?

To: Wayne J. who wrote (3780)	4/28/1999 1:32:00 AM
From: 246810	Respond to of 4304

Wayne, I don't agree with you. You asked him once too few times about the source. After all, as he pointed out, anyone can come on and say anything. When you report information from a company employee, that is pretty close to stock manipulation. Real news must be published for one and all. The employee better not be putting out misleading or confidential information to only a few. That would smack of a SEC violation to me. Therefore, the source has to be firmly identified, or it is only indefensible hype. In this case, I know the employee can paint a landscape from a dirt clod. So Elliot's intentions were honest, but the result appeared to be hype or naive given the known history of the agreements and "deals" made and to be made in the normal course of business. This is good that he will talk to Greg. It will be releasable information from a known source. And that will be a meaningful and welcomed contribution by Elliot. (Elliot, that is as close as I get to a compliment.) 246810

To: Wayne J. who wrote (3780)	4/28/1999 7:23:00 AM
From: Milk	Read Replies (1) \| Respond to of 4304

Wednesday April 28, 6:04 am Eastern Time Company Press Release New York Regional Rail Acquires Trucking Concern NEW YORK--(BUSINESS WIRE)--April 28, 1999--NYRR's Acting President W. Robert Bentley announced that New York Regional Rail Corporation (OTC Bulletin Board Symbol:NYRR - news) has acquired majority interest in J.S. Transportation, in a non-cash transaction. This acquisition compliments the Company's already expanding development of inter-modal terminal operations in parts of New York City and Northern New Jersey. A regional trucking company, based in Southern New Jersey, J.S. Transportation is in the business of short-haul freight transportation. The company had gross revenues of approximately $200,000 during the month of March. Management projects that business levels will continue to grow significantly as a result of this acquisition by New York Regional Rail, and the concentration of increased intermodal development. J.S. Transportation's current customer network covers a six-state radius which includes New York, New Jersey, Connecticut, Pennsylvania, Maryland, and Delaware. This expansive new customer territory will be served by the fastest, most cost-effective movement of rail-to-truck, truck-to-rail and ship-to-rail freight transportation into and throughout this Port District area and parts of the Atlantic Coast. NYRR's facilitation of increased intermodal terminal operations, coincides with the Railroad's eager anticipation of the June 1st entrance of the region's new long-haul rail carriers; Norfolk Southern Railway and CSX Transportation, both of which it will access directly, and the Canadian Pacific Railway (CPR), which it will access through the Norfolk Southern system. This acquisition effectively defines the Cross Harbor as this region's 'Direct Link to the National Rail-Freight Network,' through the soon-to-be-established Conrail Shared Assets Organization (CSAO), and signals a further solidification of the Cross Harbor's regional role as one of the leading multi-modal freight transportation providers, serving New York, New Jersey and the entire metropolitan area. The company anticipates reporting more news on the development of this new and promising operation, in the weeks and months to come. New York Regional Rail Corporation is the owner and operator of the Cross Harbor Railroad, and is actively traded on the OTC Bulletin Board under the symbol: ''NYRR.'' For further information please call us at (718) 788-3690 or visit our Website at www.nyrr.com. -------------------------------------------------------------------------------- Contact: New York Regional Rail Corporation, New York Gregory C. Kisloff, 718/788-3690 Fax: 718/788-4462