MKRO Adds New Rail Consulting Subsidiary Two Railroad Veterans Added to MKRO Board
FORT LAUDERDALE, Fla., March 15, 2013 /PRNewswire/ -- Monkey Rock (OTC Pink: MKRO), d.b.a. Continental Rail Corp., today announced that it has added Transportation Management Services ("TMS"), a short line and regional rail consulting company, as a wholly-owned subsidiary. It also announced that John H. Marino, Sr., founder of TMS, and John Marino, Jr., current CEO of TMS, will both join the Board of Directors of Continental Rail Corp. and are expected to play key roles in advising the company.
TMS is a Michigan based consulting firm established in 1983 by John H. Marino, Sr. and focuses on consulting for the short line and rail freight transportation industry. TMS established key development deals and successful short line railroads in Michigan, Wisconsin, Pennsylvania and Maryland. TMS was later sold to John Marino Jr., who was instrumental in securing contracts which eventually became the foundation of RailAmerica. Mr. Marino, Jr. will remain as President of TMS.
As Board members, both John H. Marino, Sr. and John Marino, Jr. will assist in the company's efforts to acquire short line freight railroads and rail-related businesses. With a combined total of over seventy years of railroad industry leadership and development, both Mr. Marino, Sr. and Mr. Marino, Jr. have successfully acquired and grown railroad companies. TMS was instrumental in obtaining a contract from the Baltimore and Ohio Railroad in 1985, to acquire an 85-mile rail line in Michigan, that later became the Huron and Eastern Railway Company. The Huron and Eastern was the cornerstone of RailAmerica, Inc., which eventually was sold to Genesee and Wyoming Inc. for $1.4B in 2012. More information can be found online at www.ContinentalRailCorp.com.
Wayne A. August, President of Continental Rail Corp., said, "The addition of Transportation Management Services by Continental Rail Corp. adds a valuable resource and asset towards our goals. With both John Sr. and John Jr., joining our Board, we add significant short line rail experience to our organization. Continental Rail Corp. continues to execute on its strategy goal of acquiring short line freight railroads."
TBG Holdings, a financial and business advisory consulting firm arranged the acquisition of TMS by Continental Rail Corp.
About TBG Holdings
TBG Holdings Corp. ("TBG") is a financial and business advisory consulting firm that works with public and private companies to bring a sophisticated and efficient approach to structuring their capital while positioning their company for innovative growth. TBG provides a full range of business services which include marketing and sales support, financial advisory, capital formation and accounting to their clients and portfolio companies Global Beverage Solutions Inc., IGSM Group, Airborne Security and Protection Services, MKRO, Continental Rail Corp. and Omni Scents.
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Contact: Ken Ninomiya
SOURCE TBG Holdings Corp.