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.
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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: 1-604-607-4000, [email protected], www.grandewest.com; Paradox Public Relations, Karl Mansour, Ph: 1-866-460-0408, [email protected], www.paradox-pr.ca