VANCOUVER, March 28, 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 it has secured a manufacturing agreement to produce Vicinity buses in Atlanta, Georgia that meets FTA Buy America requirements.
Alliance Bus Group ("ABG"), Grande West's exclusive US distributor, will produce Buy America compliant Vicinity buses for sale to US transit authorities. The ability to leverage ABG existing facilities, staff, and deep knowledge of bus technology provides Grande West with a solid foundation upon which it can quickly ramp to production.
Grande West is the 'Transit Vehicle Manufacturer' of record with the US FTA and responsible for all the necessary compliance with the Federal Government and Buy America requirements.
ABG will invest in excess of $1 million USD to transform their existing 70,000 square foot manufacturing and service facility with tooling and test equipment necessary for production. Improvements will also include a customer inspection and delivery acceptance area. The project is slated for completion by third quarter 2017 at which time production will commence.
ABG CEO Doug Dunn stated, "ABG has been busy bidding RFPs that require Buy America buses. We are excited and confident that we will have additional FTA transit orders in 2017 and want to begin this process in order to start delivering Vicinity buses in 2017."
Grande West CEO William Trainer commented, "Forming this alliance is yet another major milestone as we will be producing Buy America Vicinity with our trusted partner ABG. This strengthens our working relationship and will provide additional Vicinity production options as we can also leverage ABG assembled buses for private operators or Canadian transit authorities."
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 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 compliant 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.
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