Company Announcements

ASHLAND, Ky., Aug. 01, 2024 (GLOBE NEWSWIRE) --  TX Rail Products, Inc. (OTC Markets PINK: TXRP), a supplier of rail and rail products to the U.S. coal mining industry, short line railroads and tunneling contractors, today announced it has retained Hayden IR, LLC to broaden awareness of the company within the investment and financial communities and support the company’s investor relations program.

Mr. Shrewsbury, CEO and Chairman of TX Rail Products, Inc., commented, “We have consistently delivered solid financial results over the last two years and are successfully executing on our business strategy to diversify our customer base. We are at a critical juncture in our business, and we ultimately aspire to uplist our stock to a national platform. Accordingly, we believe it was an opportune time to engage a strategic investor relations firm to help us more efficiently communicate our success and our plans to the financial markets and expand awareness of our company."

With offices in New York, Phoenix, and Chicago, Hayden IR provides a comprehensive range of investor relations services. Hayden IR works with micro- and small-cap public companies to more effectively communicate with the institutional investment community and connect its clients to an extensive network of investors, analysts and money managers across the country though a comprehensive, multi-tier proactive program.

Brett Maas, Managing Partner of Hayden IR commented, “TX Rail Products has improved its cost structure to enhance profitability, is generating positive cash flow and has a number of attractive near-term opportunities to further expand its business. They are taking steps to diversify and are well-positioned to build upon their recent success. We look forward to working with the team at TX Rail Products to refine their messaging and help them reach an expanded investor audience."

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are based on the Company's current assumptions regarding future business and financial performance. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the following: our ability to implement our business strategy; our financial strategy; a downturn in economic environment; our failure to meet growth and productivity objectives; a failure of our innovation initiatives; risks from investing in growth opportunities; fluctuations in financial results and purchases; the impact of local legal, economic, political and health conditions; adverse effects from environmental matters and tax matters; ineffective internal controls; our use of accounting estimates; our ability to attract and retain key personnel and our reliance on critical skills; impact of relationships with critical suppliers; currency fluctuations and customer financing risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; our reliance on third party distribution channels; Securities and Exchange Commission regulations related to trading in "penny stocks;" the continued availability of certain financing provided by our CEO; and other risks, uncertainties and factors or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1933, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be apply to us at certain times.