VANCOUVER, Nov. 30, 2016 /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 a new follow-on order from the Cape Breton Regional Municipality ("CBRM").
CBRM has ordered two (2) Vicinity buses for a total purchase price of approximately $900,000. This order is CBRM's third order and will double their Vicinity fleet from two to four buses. The relationship with CBRM was developed while working with its eastern service and sales partner City View Bus Sales ("City View"). City View has been a strong and strategic relationship for developing Grande West's Vicinity market on the east coast for four years.
Grande West's current total firm orders for 2017 delivery are for one hundred seventy-five (175) buses valued at over $61 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses.
William Trainer, CEO of Grande West stated, "We are pleased to continue to expand our partnership with Cape Breton as they upgrade their fleet and change their fleet mix. We look forward to more opportunities to provide Vicinity buses to CBRM and other regional municipal transit agencies. Grande West's vision is to assist all transportation companies, public and private, who are seeking to right-size fleets, improve ridership experience and generate operational savings."
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 together with ABG, its exclusive US distributor, is actively pursuing opportunities to sell Vicinity into private fleet operations in the US such as airport transport, universities, etc. The Company is also working towards 'Buy America' certification in order to supply US-based federal and state transit authorities.
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.
Image with caption: "Grande West Transportation Group Inc. (CNW Group/Grande West Transportation Group Inc.)". Image available at: https://photos.newswire.ca/images/download/20161130_C5872_PHOTO_EN_828135.jpg
For further information: Grande West Transportation, John LaGourgue, Ph: 1-604-607-4000, email@example.com, www.grandewest.com; Paradox Public Relations, Karl Mansour, Ph: 1-866-460-0408, firstname.lastname@example.org, www.paradox-pr.ca