VANCOUVER, March 15, 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
customer orders for approximately $7.5
million CAD.
St. John's Transportation Commission has ordered three (3)
Vicinity buses, the City of
Oakville has ordered eight (8), the City of Burlington has ordered seven (7) and
the City of Welland ordered two
(2).
All of these orders will be delivered through our eastern
Canadian service and sales partner City View.
Backlog: Current total firm orders for 2017 and first half 2018
delivery are for two hundred sixty seven (267) buses valued at over
$95.5 million CAD.
William Trainer, CEO of
Grande West stated, "We are very
pleased to continue to build new relationships with transit
agencies throughout Canada and
continue to grow with our current customers. Grande West is now truly coast to coast, from BC
to Newfoundland, with a presence
in eight out of ten provinces across Canada. First quarter deliveries have started
and we will provide an update on our deliveries and revenue after
the first quarter ends."
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
Altoona-tested, Best-in-Class Vicinity bus is available in 27.5, 30
and 35 foot models powered by clean diesel or CNG and 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.
Since 2013 the Company has been supplying numerous Canadian
municipal transportation agencies and private operators with
Vicinity buses. We continue to add new customers in both
Canada and the US, while receiving
follow-on orders from existing customers. Grande West is Buy America compliant and, along
with ABG, its exclusive US distributor, is actively pursuing
opportunities to sell Vicinity throughout North American public and
private transit fleet operations.
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.