Global Railway to Release 2006 Q4 & Annual Financial Results on Tuesday March 20th, 2007 at 5pm EST.



    Investor Conference Call on Wednesday March 21st, 2007 at 11am EST.

    Stock Symbol: GBI
    Listing: Toronto Stock Exchange
    Outstanding Shares: 14.9 Million
    Web Site: www.globalrailway.com

    BERWICK, PA, March 13 /CNW/ - Global Railway Industries Ltd., -
(GBI:TSX): Global Railway Industries Ltd., www.globalrailway.com, ("Global" or
the "Company"), a leading North American provider of railway products and
service equipment announced today that the Company will release its 2006
fourth quarter and annual financial results for the three-month and
twelve-month periods ending December 31, 2006, at 5pm EST on Tuesday March
20th, 2007.
    A conference call to review the 2006 fourth quarter and annual financial
results will take place on Wednesday March 21st, 2007 at 11am EST.
    Mr. Terry McManaman, President and CEO of Global, Bill Sturtz COO of
Global and Michael Feschak CFO of Global will speak on behalf of the Company.
A question-and-answer forum will follow the review of the 2006 financial
results and update on the Company's operations and growth strategies.
    To listen and/or participate in this conference call, please dial
1-800-731-5774 (from Toronto: 416-644-3419) approximately 10 minutes prior to
the beginning of the conference call.
    For those unable to participate in the conference call, a recording of
the conference call will be available from 1pm EST, Wednesday March 21st,
2007, until 11:59 p.m. EST, Wednesday March 28th, 2007. Please dial
1-877-289-8525 (from Toronto: 416-640-1917) and enter the reservation number
21222745 followed by the "pound sign" to listen to the rebroadcast.

    About Global Railway Industries: Global Railway Industries Ltd. is a
diversified rail product company serving the railway industry in North
America. Global Railway is a public company whose shares are listed for
trading on the Toronto Stock Exchange (TSX) under the symbol "GBI". The
Company has a total of 14.9 million shares outstanding. For more information
visit www.globalrailway.com or www.investorfile.com.

    THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS
FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED
ANNUAL REPORT AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE
GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS
WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY
WILL DERIVE THEREFROM.

    %SEDAR: 00010076E




For further information:

For further information: Company Contact: Terry McManaman, President &
CEO, Tel: (570) 802-0366, E-mail: terry.mcmanaman@globalrailway.com, Web:
www.globalrailway.com; Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel
: (416) 360-8895, Toll Free: 1-888-894-8222, E-mail :
gwimmer@investorfile.com, Web: www.investorfile.com

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