Global Rail Systems, Inc. 254-883-2200

February 23, 2005 - - Dallas, TX - - The MIT Enterprise Forum of Dallas/Fort Worth, Inc. will present Global Rail Systems: Bringing U.S. Railroads to Greater Safety and Profitability Through Wireless Technology at The University of Texas at Dallas (UTD) School of Management Building in the Executive Dining Room on March 17th. Registration and reception with light buffet will begin at 5 p.m., and the program will begin at 6:15 p.m. The price is a donation of $35 for general admittance, $25 for MIT Alumni/Alumnae, and $10 for students. For information and reservations, go to www.mitforum.com or call 972-377-4554.

Global Rail Systems’ CEO, Brad Taylor, will tell the story of the Company’s challenges in telling its unique story to railroads, investors, and transportation influencers. A panel of experts including customers, attorneys and potential partners will comment on Global Rail’s challenges.

Global Rail’s wireless technology is making railroad operations safer and more profitable through its patented wireless technologies that can replace older, more expensive custom engineered solutions for the 19,000 hand-thrown switches nationwide and 190,000 worldwide. A recent example of the inefficiency of hand-thrown switches was the railroad accident in Graniteville, South Carolina. These technologies constitute a potential $5 billion market. The young company’s growing list of customers are using three products including Global Rail’s patent pending FAS-PAS product that is now installed in 30 plus locations.

In addition to its proprietary products, Global Rail has a set of complementary products in the YardMaster software solution, and the MYA switch package that enables them to provide wireless switch yard automation and safety equipment control. Both complementary products are currently in use in major railroads in the Americas and constitute a $2 billion market.

The M.I.T. Enterprise Forum of Dallas-Fort Worth, Inc. is a nonprofit organization affiliated with the M.I.T. Enterprise Forum, Inc. at the Massachusetts Institute of Technology in Cambridge, Massachusetts. It is managed by a volunteer executive committee supported by a paid part-time executive administrator.

Located at the convergence of Richardson, Plano and Dallas in the heart of the complex of major multinational technology corporations known as the Telecom Corridor, UTD enrolls about 14,000 students. The school’s freshman class traditionally stands at the forefront of Texas state universities in terms of average SAT scores. The university offers a broad assortment of bachelor’s, master’s and doctoral degree programs. For additional information about UTD, please visit the university’s web site at www.UTD.edu.

To see a list of MIT Forum sponsors and board members, go to www.mitforum.com.

For press information:

MIT Neil Kaden	972-569-6899
Elizabeth Frank-Jones
Mary Swensen

Global Rail Systems:

Brad Taylor


www.globalrailsystems.com