VANCOUVER, June 16, 2017 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – June 16, 2017: ("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 US private market customers.
Grande West's exclusive US distributor Alliance Bus Group ("ABG") will deliver ten (10) Vicinity buses for private customers in New York, Boston and Boca Raton. The names of the private companies will not be released for competitive reasons.
William Trainer, CEO of Grande West stated, "Starting in January, our sales and engineering groups have been working closely with ABG sales staff to respond to many public and private RFPs across the US. We are now seeing that diligent work pay off, much like we saw in the early days of our Canadian sales ramp. It's very exciting to know that within the next two quarters, Vicinity will be operating across four states in the US which include New York, Georgia, Massachusetts and Florida."
These orders are already included in our backlog as a previous order from ABG.
Backlog: Current total firm orders for Q2 2017 through 1H 2018 delivery are for two hundred sixty five (265) buses valued at over $96 million CAD.
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 rated Vicinity bus is available in 30' and 35' 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 compliant, and along with ABG, its exclusive US distributor, has sold Vicinity buses to US–based public and private operators and is actively pursuing more opportunities throughout the US.
For further information please contact:
Grande West Transportation
Paradox Public Relations
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.
For further information: Grande West Transportation, John LaGourgue, Ph: 604-607-4000, [email protected], www.grandewest.com; Paradox Public Relations, Karl Mansour, Ph: 866-460-0408, [email protected], www.paradox-pr.ca