Press Release

January 25, 2010

CENTRAL JAPAN RAILWAY COMMITS TO U.S. HIGH­SPEED RAIL MARKET
Central Japan Railway (JRC) today announced its strategy for enteringinternational markets, including the United States.
1. JRC teams up with U.S. Companies
JRC, the owner and operator of the world’s fastest, safest, and most efficientand environmentally friendly high‐speed rail system announced that it has
teamed up with two companies based in Washington DC to pursue several
corridor projects in the United States and other countries worldwide, fordeployment of its latest generation high‐speed rail and magnetic levitation(MAGLEV) systems.
One company, “U.S.‐Japan High‐Speed Rail” (USJHSR), will aggressively
market the N700‐I “Bullet Train”1 as an integrated high‐speed rail solution. A
second company, “U.S.‐Japan MAGLEV” (USJMAGLEV) will market JRC’s
revolutionary Superconducting MAGLEV (SCMAGLEV)2 system andtechnology.

 While other high‐speed rail operators have marketed their systems aroundthe world for some time, JRC has focused on technology development andcommercial deployment and operations in Japan, refraining frominternational competition. This announcement marks JRC’s formal
entrance into the international market.

 JRC’s chairman, Mr. Yoshiyuki Kasai explained, “Since last year, we havecarried out assessments to narrow potential markets for deployment of ourhigh‐speed rail overseas. JRC has and will continue to work together with
two U.S. based companies, U.S.‐Japan High‐Speed Rail and U.S.‐JapanMAGLEV in this effort. Now that we have a clear vision and strategy for the
deployment of our high‐speed rail technologies to international markets,
we will move forward together with these companies to aggressively
pursue selected markets.”

 Richard Lawless, President and CEO of USJHSR, stated, “U.S.‐Japan High‐Speed Rail is working closely with JRC to promote JRC’s proven high‐speed
rail technology with national, regional and local leaders in countries
including the U.S. and demonstrate the superiority of the Japanese railsystem.” Mr. Lawless stressed the “flawless reputation of JRC” and noted
his “pride at being a part of an important effort to bring the best technology
to the United States.” He also emphasized that the N700‐I Bullet is not newtechnology, but has been proven over many years and millions of miles ofsuccessful and safe operation.

 Torkel Patterson, President of USJMAGLEV remarked, “JRC’s decision tocommercially deploy the SCMAGLEV system in Japan delivers a unique

1 “The N700‐I Bullet” is the international version of the Series N700 Shinkansen, to be deployed as a total

system solution.
2 The Superconducting MAGLEV (SCMAGLEV) high‐speed train system holds the world speed record formanned railway vehicles.

Press Release

January 25, 2010

opportunity to begin the deployment of this system internationally. Thisdecision comes shortly after the Japanese government confirmed theSCMAGLEV technology for revenue service. An obvious priority area ofinterest for SCMAGLEV is the United States.”
2. JRC / USJHSR / USJMAGLEV Planning and Preparation
Over the past six months JRC, USJHSR and USJMAGLEV have been validating
market opportunities and engaging with key stakeholders in selectedcorridors. In November 2009, representatives from the United States andother countries attended a JRC‐hosted symposium in Japan showcasing theN700‐I Bullet. From November to December 2009, a team from JRC visitedthe U.S. to meet with transportation officials in Washington DC, Florida andNevada and discuss operational and technical details of the N700‐I Bullet.

 During this period, USJHSR rigorously analyzed over 150 potential high‐speed rail corridors worldwide to identify and select those that it believed
were most suitable for deploying the N700‐I Bullet or SCMAGLEV systems
and that warranted aggressive pursuit.

 Following a week of meetings in Tokyo, JRC, USJHSR and USJMAGLEV

identified specific target corridors and outlined their approach for
deploying the N700‐I Bullet and Superconducting MAGLEV in the UnitedStates and elsewhere.

 JRC and USJHSR noted that the United States Federal Railway

Administration’s (FRA) is expected to announce shortly the allocation of US$8 billion stimulus dollars designated for high‐speed rail in 2010 and this is
expected to spur broad interest in high‐speed rail in the United States. The
two companies have concluded that there are several promising locations
where the N700‐I Bullet total system solution could be deployed in the U.S.
in the near future, for example Tampa‐Orlando‐Miami, Las Vegas‐LosAngeles, Texas, the Midwest, and other U.S. corridors focused on 330 kmph
(205 mph) high speed rail systems. Additionally, JRC and USJHSR will
pursue other international target markets.

 JRC and USJMAGLEV also identified several corridors as promising projects
for JRC’s Superconducting MAGLEV technology. Potential markets in theUnited States include Baltimore‐Washington, Chatanooga‐Atlanta, andPennsylvania. The two companies have also identified several corridors
outside the United States for long‐term consideration.

 Having agreed to pursuit strategies for both the N700‐I Bullet andSuperconducting MAGLEV in this week’s meetings with JRC, USJHSR andUSJMAGLEV will now take a more aggressive approach to selected U.S. andinternational corridors.

Press Release

January 25, 2010

About Central Japan Railway:
Central Japan Railway Company (JRC) is a Japanese company whose main
business is operation of the Tokaido Shinkansen, the world’s first high‐speed rail,and conventional lines in the Central Japan area. Linking many of Japan’s mostpopulous cities, such as Tokyo, Nagoya, Kyoto and Osaka, and carrying as manyas 150 million passengers per year, the Tokaido Shinkansen is a vital artery forJapan’s transportation. JR Central’s newest high‐speed rail platform, the “seriesN700” bullet train, has a global reputation for being fast, safe, quiet, reliable andenvironmentally friendly. The N700 routinely travels at speeds of 168 to 186
miles per hour. JR Central has also developed a superconducting MAGLEV
system capable of traveling 361 miles per hour, and has been pushing forward
the plan to open a commercial SCMAGLEV line between Tokyo and Nagoya by2025. Both the high‐speed rail and the SCMAGLEV systems are available forexport.
About U.S.­Japan High­Speed Rail:
U.S.‐Japan High‐Speed Rail (USJHSR) is a U.S. company that has teamed up with
Central Japan Railway Company (JRC) to market and deploy JRC high‐speed railsystems and technology to selected international markets, including the UnitedStates.
About U.S.­Japan MAGLEV:
U.S.‐Japan MAGLEV (USJMAGLEV) is a U.S. company that has teamed up with
Central Japan Railway Company (JRC) to market and deploy the world’s fastest
train—JRC’s Superconducting MAGLEV (SCMAGLEV) to selected international
markets, including the United States.
For additional information, visit www.usjhsr.com or www.usjmaglev.com

Central Japan Railway Company
 Central Japan Railway Company (JR Central) is the premier high-speed rail

operator in Japan. The company commenced operations in April 1987 upon theprivatization of the Japanese National Railways (JNR).

 The core of JR Central’s operations is the Tokaido Shinkansen, known

internationally as the “Bullet Train”. Carrying as many as 150 million passengers
per year, the Shinkansen links Japan’s principal metropolitan areas of Tokyo,
Nagoya, and Osaka. Throughout its 45 years of commercial operation, theTokaido Shinkansen has maintained a flawless safety record of no passenger
fatalities or injuries due to train accidents such as derailment or collision.

 The Company also operates a conventional railway network centered on theNagoya and Shizuoka areas. The twelve conventional lines form a common
network with the Tokaido Shinkansen, contributing to both national and regionalsocioeconomic prosperity.

 JR Central is currently planning a high-speed route between Tokyo and Nagoya inJapan that will utilize Superconducting Maglev technology. JR Central has spentover 20 years optimizing this cutting edge technology for commercial deployment.

 To develop and continuously improve the high-speed rail system, JR Central has

integrated every function ranging from scientific research to product development,
civil engineering to construction, software development to system integration, andof course, operation. This integration of functions makes the Company uniqueamong high-speed rail operators and system providers in Japan and the world.

【Biography of Mr. Yoshiyuki Kasai, Chairman】
1963 Joined Japanese National Railways (JNR)
1981 Deputy Director General, Corporate Planning Department
1986 Deputy Director General, Staff Relations Department
1987 Director and Director General, Corporate Planning Division,
Central Japan Railway Company (JR Central)
1990 Executive Vice President
1995 President
2004- Chairman

Central Japan Railway Company
21-1-85 Konan, Minato･Ku, Tokyo,108-8204,Japan
http:/english.jr-central.co.jp

U.S.-Japan High-Speed Rail
 U.S.-Japan High-Speed Rail (USJHSR) is a U.S. company that has teamed up

with Central Japan Railway Company (JRC) to introduce JRC’s high-speed railsystems internationally, including in the United States.

 USJHSR and JRC have worked together since mid-2009 to study and define theinternational opportunities for exporting JRC’s Shinkansen high-speed rail system.
Having completed that initial study, the two companies will now market and deploy
JRC’s N700-I “Bullet” high-speed rail system and technology as an integrated
system to selected international markets, including the United States.

 The N700-I Bullet system, the latest evolution in JRC’s steel-wheel traintechnology, offers a proven, fast, environmentally friendly, safe, reliable andefficient total system solution to the world’s transportation challenges.

 USJHSR was founded in 2009 by the owners of New Magellan Ventures (NMV), aventure capital and advisory company headquartered in Washington, DC, inassociation with Japan’s premier high-speed rail system operator, JRC. Richard
Lawless, a former Deputy Under Secretary of Defense, founded the company andserves as President and CEO.

 USJHSR enjoys the exclusive right to promote JRC’s world-class systems andtechnology to international markets, including the United States.

 For more information, please contact info@usjhsr.com.
【Biography of Mr. Richard P. Lawless, President and CEO 】
1972～1987

Career employee of the Central Intelligence Agency in the Far Eastand Europe, specializing on nuclear proliferation and hightechnology national security issues.
1987～2002 Founder/Chairman/CEO of U.S. Asia Commercial Development
Corporation, a Washington D.C.-based company focusedtelecommunications market entry strategies and execution in EastAsia.
2002～2007 Deputy Under Secretary of Defense for Asian and Pacific Security
Affairs, responsible for national security policies in East, Southeast,
South and Central Asia.
2008
Founder/Chairman/President of New Magellan Ventures.
2009
Chairman/President U.S.-Japan High-Speed Rail.
U.S.-Japan High-Speed Rail, LLC
1331 H Street, NW, Suite 500, Washington D.C., 20005+1-202-403-0437
www.usjhsr.com

U.S.-Japan MAGLEV U.S.-Japan MAGLEV (USJMAGLEV) is a U.S. company that has teamed up withCentral Japan Railway Company (JRC) to market and deploy the world’s fastest
train—JRC’s Superconducting MAGLEV (SCMAGLEV) to selected international
markets, including the United States.

 USJMAGLEV and JRC have worked together since mid-2009 to study and defineinternational opportunities for exporting JRC’s SCMAGLEV system. Having
completed that initial study, the two companies will now market and deploy JRC’sSCMAGLEV high-speed ground transportation system and associated technology
to selected international markets, including the United States.

 JRC’s Superconducting MAGLEV system, capable of operating in excess of 310

miles per hour (500 kmph), is the most technologically advanced high-speed
ground transportation system in the world, offering the fastest, safest, and mostenvironmentally friendly, reliable and efficient total system solution to the world’stransportation challenges.

 In addition to the SCMAGLEV system, USJMAGLEV and JRC will work together
to market JRC’s core SCMAGLEV technologies for other uses in thetransportation, medical, and scientific fields.

 USJMAGLEV was founded in 2009, by the owners of New Magellan Ventures(NMV), a venture capital and advisory company headquartered in Washington,
DC, in association with Japan’s premier high-speed rail system operator,
JRC. Richard Lawless, a former Deputy Under Secretary of Defense, is a founderof the company and serves as its CEO. Torkel Patterson, a former Director on theU.S. National Security Council staff, serves as President.

 USJMAGLEV enjoys the exclusive right to promote JRC’s world-classSCMAGLEV system and technology to international markets, including the UnitedStates.

 For more information, please contact info@usjmaglev.com.

U.S.-Japan MAGLEV, LLC
1331 H Street, NW, Suite 500, Washington D.C., 20005+1-202-403-0438
www.usjmaglev.com

【Biography of Mr. Torkel Patterson, President】
1976-1994
1988-1991
1991-1993
House
1994-1998
1998-2000
2001-2005
20052005-2009
Company
2009-United States Navy
Senior Director for Japan, Office of the Secretary of Defense
Director for Japan and Korea, National Security Council, The WhiteManaging Director, Group Pacific Inc.; Senior Associate Pacific Forum,
CSIS
President, Raytheon Japan, Raytheon Co.
Special Assistant to the President for Asia
Senior Advisor to Ambassador Howard Baker, Tokyo
Deputy Assistant Secretary of State for South Asia
Member of the Board of Governors of Pacific Forum, CSIS
President, Raytheon International Inc.
Vice President International Business Development, Raytheon
President, U.S.-Japan MAGLEV

U.S.-Japan MAGLEV, LLC
1331 H Street, NW, Suite 500, Washington D.C., 20005+1-202-403-0438
www.usjmaglev.com