VANCOUVER, Dec. 12, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – December 12, 2016: ("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 that it has met Buy America certification requirements for the sale of its Vicinity bus in the US.
Buy America provisions ensure that transportation infrastructure projects are built with American-made products. This means that local, state and Federal government investments in public transit are able to support an entire supply chain of American companies and their employees. The Company has achieved the required 60% US component content through audits, documented final assembly procedures, and scored Best-in-Class in the FTA's Altoona Test to qualify for the certification.
Buy America status enables the Company's exclusive US distributor, Alliance Bus Group ("ABG"), to bid on all public transit opportunities in the USA with Vicinity 30 and 35 foot models.
William Trainer, CEO of Grande West commented, "Buy America is another major milestone for the Company and will provide us with continued sales momentum into the US market in 2017 and beyond. We will continue to work on finalizing the business plan for our final assembly facility as ABG grows the sales backlog."
Doug Dunn, CEO of ABG stated, "This is a very exciting time for ABG and Grande West. In addition to providing Vicinity buses to the private market, we are now able to address the significant public transit market. Our pipeline of opportunities is very large and the Vicinity is a clear choice for many transit agencies as it provides considerable savings of capital, operating and maintenance costs versus competing products. ABG is well-positioned to aggressively address the US market in 2017 with recent Vicinity demo bus deliveries, Buy America certification and the FTA's Altoona Test Best-in-Class results."
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 many Canadian transit agencies. Grande West is Buy America certified, and along with ABG, its exclusive US distributor, is actively pursuing opportunities to sell Vicinity into public and private transit fleet operations.
For further information please contact:
Grande West Transportation
Paradox Public Relations
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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.
For further information: Grande West Transportation, John LaGourgue, Ph: 1-604-607-4000, firstname.lastname@example.org, www.grandewest.com; Paradox Public Relations, Karl Mansour, Ph: 1-866-460-0408, email@example.com, www.paradox-pr.ca