VANCOUVER, Oct. 17, 2016 /CNW/ - Grande West
Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) -
("Grande West" or the "Company"), a Canadian manufacturer of
heavy-duty mid-sized transit buses for sale in Canada and the United-States, is pleased to announce it has
received a new contract and order from the City of Saskatoon totalling approximately
$1.9 million CAD.
The initial order is for four (4) 30 foot Vicinity buses for
2017 delivery. However, the potential exists to extend this
contract for an additional order of buses for delivery in 2018.
Additionally, the Company received new orders from Welland
Transit for two (2) 30 foot Vicinity buses and the
City of Cobourg for one (1) 30
foot Vicinity, for a total of approximately $1.5 million CAD.
Current total firm orders for 2017 delivery are for one hundred
sixty-six (166) buses valued at over $57
million CAD. Firm orders and options for 2018-2020 delivery
are currently at ninety (90) buses.
William Trainer, President and
CEO of Grande West stated, "It is an
honour to be partnering with great municipalities across
Canada to provide a solution for
rightsizing their fleets in order to reduce costs and increase
operating efficiencies. The Company is very excited about our
strong momentum and positive response we are receiving from our
customers."
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 Vicinity bus is available in 30
and 35 foot models 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 has been successful in supplying Canadian municipal
transportation agencies and private operators with new buses and is
receiving follow-on orders in most Provinces across the country.
Grande West is also receiving orders
in the much larger US market from private operators, while working
towards a 'Buy America' certification in order to supply federal
and state transit authorities.
For further information please contact:
Grande West
Transportation
John LaGourgue
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
Paradox Public Relations
Karl Mansour
Ph: 1-866-460-0408
karlmansour@paradox-pr.ca
www.paradox-pr.ca
Neither the TSX-V nor 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.