VANCOUVER, May 23, 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 orders for nine (9) Vicinity buses for a combined order total of approximately $4.5 million.
Hamilton Street Railway ("HSR") has ordered five (5) compressed natural gas ("CNG") Vicinity buses. This is a first time order for HSR and will be delivered through our eastern Canadian service and sales partner City View in the first quarter of 2018. The City of Moose Jaw also ordered an additional four (4) Vicinity buses.
William Trainer, CEO of Grande West stated, "We are very pleased to receive follow on orders from existing customers and forge new relationships with transit agencies throughout Canada. It's very exciting to be working with HSR with our new CNG Vicinity. HSR has a tremendous history in CNG propulsion as they pioneered the world's first fleet of CNG buses in 1985. HSR is very familiar with the technology and we are looking forward to supporting their operations team as the buses are rolled out into revenue service."
Backlog: Current total firm orders for 2017 and first half 2018 delivery are for two hundred seventy six (276) buses valued at over $100 million CAD.
About Hamilton Street Railway
The Hamilton Street Railway (HSR) is a public transport agency in Hamilton, Ontario, Canada. The name is a legacy of the company's early period, when public transit in Hamilton was primarily served by streetcars. Although streetcars are no longer used in the city today, the HSR operates bus and paratransit services, with a ridership of 21 million passengers a year.
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 supplies Canadian and US municipal transportation agencies and private operators with new buses and has customers in 8 of 10 provinces coast to coast across Canada. Grande West is Buy America compliant and along with ABG, its exclusive US distributor, is actively supplying Vicinity into public and private transit fleet operations in the US.
For further information please contact:
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
Neither 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.
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
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