-- With approvals and permitting from the U.S. Department of Transportation's 
Federal Railroad Administration (FRA) and State of Texas, terminal development 
is the next step.

Texas high-speed rail investors today announced their intention to form an 
entity that will develop train stations in Dallas, Houston and Grimes County 
near College Station, where the permitted high-speed rail line terminals will 
be located. The entity will be known as Texas High-Speed Rail Station 
Development Corporation, "SDC." This entity is independently owned by a 
consortium of Texas investors and separate from Texas Central.

Cadiz Riverfront Holdings and Cadiz Development Houston LLC will form SDC and 
be led by John Kleinheinz and Jack Matthews. The group owns approximately 52 
acres in the Cedars neighborhood just south of downtown Dallas; approximately 
45 acres in Houston formerly known as the Northwest Mall and approximately 59 
acres in Grimes County near College Station. The parcels of land owned by this 
group include the sites of the future Texas high-speed rail stations, as 
approved by Federal and State authorities and the surrounding developable 
acreage.

Very few investments move performance measures to this magnitude and across so 
many independent policy-focus areas. The all-electric, high-speed train will 
result in these projected benefits by 2050:

    -- Using less land: 28 times less land than a similar highway, 17 
       acres/mile vs. 468 acres/mile. 
    -- Saving lives: 10 billion passengers without a single operational 
       accident or fatality in over 57 years vs. I-45, the highway with the 
       greatest number of fatalities per mile in America. 
    -- Reducing CO2 emissions: 8 times less CO2 emissions per seat vs. 
       airplane. 
    -- Reducing total greenhouse gases: 4.5 million tons by 2050 vs. current 
       air and car traffic. 
    -- Reducing congestion: 86M cars removed from I-45, over 12,500/day, in 
       year one.

"Our high-speed rail project connecting Dallas and Houston will be as 
transformational to Texas as DFW Airport was to the region when it was opened 
in 1973," said John Kleinheinz, investor. "Texas Central will be the blueprint 
for national high-speed rail, a solution for environmentally efficient 
transportation. As this first high-speed rail project comes online, Texas is 
positioned to lead in discussions about a national rail strategy with the local 
and federal stakeholders."

"Texas Central is moving toward a consensus on how to finance their technology 
deployment along the Dallas/Houston corridor. The U.S. and Japanese governments 
have an excellent, long-term history of working together on strategic projects 
and we are optimistic they will reach a mutually beneficial understanding. 
These station assets will be an integral part of the system when financing for 
the Tokaido Shinkansen system is finalized. If a solution involving the 
Shinkansen system cannot be reached, our station sites will be used to make 
sure high-speed rail comes to Texas and integrates with the rest of the nation, 
using the best technology offered," Kleinheinz continued.

"We have invested substantial time and energy to advance high-speed rail 
between Dallas and Houston and Grimes County near College Station, we do not 
intend on missing this opportunity for the people of Texas." said Jack 
Matthews, developer and investor. "To keep this positive momentum, we will 
begin discussions with various third parties who have successful experience 
with high-speed rail."

ABOUT TEXAS HIGH-SPEED RAIL STATION DEVELOPMENT CORPORATION (SDC)
SDC will develop the parcels of land owned by Cadiz Riverfront Holdings and 
Cadiz Development Houston LLC, which includes the sites of the future Texas 
high-speed rail stations, as approved by Federal and State authorities, and the 
surrounding developable acreage. SDC will undertake planning, designing, 
development, construction, improvement, commissioning, operation, maintenance 
and funding of the terminals, station sites, platform surfaces and circulation 
area. SDC will engage with state, local and federal governmental agencies and 
private companies seeking to deliver high-speed rail to Texas.

NOTE: Texas Central is the company undertaking the development, design, 
construction, finance and operation of the innovative all-electric, high-speed 
passenger train line built on the Tokaido Shinkansen system that will connect 
the fourth and fifth largest economies in the country, North Texas and Greater 
Houston, in less than 90 minutes, with one stop in the Brazos Valley. Texas 
Central stakeholders and partners include Japan Overseas Infrastructure 
Investment Corporation for Transport & Urban Development (JOIN), Japan Bank for 
International Cooperation (JBIC), The Shinkansen United Group (comprised of 
Japan Railway Corporation(JRC), Hitachi Ltd (6501 JT), Toshiba Corp (6502 JP), 
NEC Corp (6701 JT) and Mitsubishi Heavy Industries (7011 JT)), WeBuild S.P.A. 
(WBD IM), RENFE, Bechtel and Kiewit.

SOURCE Texas High-Speed Rail Station Development Company

CONTACT: Nicole Rosales, 214-871-7723, nicole@allynmedia.com