VANCOUVER, May 23, 2017 /CNW/- Grande West
Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) –
("Grande West" or the "Company"), a Canadian bus manufacturer of
heavy-duty mid-sized transit buses for sale in Canada and the
United States is pleased to announce new orders for nine (9)
Vicinity buses for a combined order total of approximately
$4.5 million.
Hamilton Street Railway ("HSR") has ordered five (5) compressed
natural gas ("CNG") Vicinity buses. This is a first time order for
HSR and will be delivered through our eastern Canadian service and
sales partner City View in the first quarter of 2018. The
City of Moose Jaw also ordered an
additional four (4) Vicinity buses.
William Trainer, CEO of
Grande West stated, "We are very
pleased to receive follow on orders from existing customers and
forge new relationships with transit agencies throughout
Canada. It's very exciting to be
working with HSR with our new CNG Vicinity. HSR has a tremendous
history in CNG propulsion as they pioneered the world's first fleet
of CNG buses in 1985. HSR is very familiar with the technology and
we are looking forward to supporting their operations team as the
buses are rolled out into revenue service."
Backlog: Current total firm orders for 2017 and first half 2018
delivery are for two hundred seventy six (276) buses valued at over
$100 million CAD.
About Hamilton Street Railway
The Hamilton Street Railway (HSR) is a public transport agency
in Hamilton, Ontario, Canada. The
name is a legacy of the company's early period, when public transit
in Hamilton was primarily served
by streetcars. Although streetcars are no longer used in the city
today, the HSR operates bus and paratransit services, with a
ridership of 21 million passengers a year.
About Grande West Transportation Group
Grande West Transportation Group is a Canadian bus manufacturer
which designs, engineers and manufactures mid-size buses for
transit authorities and commercial enterprises. Grande West's Best-in-Class Vicinity bus is
available in 27.5, 30 and 35 foot models powered by clean diesel or
CNG designed with affordability, accessibility and global
responsibility in mind. It costs significantly less than a regular
40 foot transit bus, burns less fuel and emits less harmful
emissions.
The Company supplies Canadian and US municipal transportation
agencies and private operators with new buses and has customers in
8 of 10 provinces coast to coast across Canada. Grande West is Buy America compliant and along
with ABG, its exclusive US distributor, is actively supplying
Vicinity into public and private transit fleet operations in the
US.
For further information please contact:
Grande West Transportation
John LaGourgue
Ph: 604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
Paradox Public Relations
Karl Mansour
Ph: 866-460-0408
karlmansour@paradox-pr.ca
www.paradox-pr.ca
Neither its Regulation Service Provider (as that term is defined
in the policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact, included herein, including without
limitation, statements regarding the use of proceeds from the
Private Placement, are forward-looking statements. Forward-looking
statements are frequently, but not always, identified by words such
as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible", and similar expressions, or statements
that events, conditions, or results "will", "may", "could", or
"should" occur or be achieved. Forward-looking statements involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements.
Important factors that could cause actual results to differ
materially from Grande West's
expectations include uncertainties relating to the receipt of final
approval from the TSX-V; and other risk and uncertainties disclosed
in Grande West's reports and
documents filed with applicable securities regulatory authorities
from time to time. Grande West's
forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made. Grande West assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
SOURCE Grande West Transportation Group Inc.