VANCOUVER, Nov. 9, 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 very excited to announce its first US customer, Hartsfield-Jackson Atlanta International Airport. The buses are operated and purchased by Standard Parking ("SP+").
Grande West's exclusive US distributor Alliance Bus Group ("ABG") will deliver to SP+ thirteen (13) Vicinity buses for operation at the Atlanta International Airport in 2017. These buses are partial fulfillment for the first ABG order for fifty (50) buses, of which three (3) buses have been delivered to date and are being used by ABG as demo units for sales opportunities. The Atlanta Airport order is included in the current backlog.
Current total firm orders for 2017 delivery are for one hundred seventy-three (173) buses valued at over $60 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses.
William Trainer, CEO of Grande West stated, "Selling Vicinity into the US private market is a major milestone for Grande West and confirms our execution plan. This first significant commercial order is, as anticipated, to a large player in the private bus fleet market conducted in a competitive award process. We expect to announce similar orders moving forward."
About Hartsfield-Jackson Atlanta International Airport
Hartsfield-Jackson Atlanta International Airport is the busiest and most efficient airport in the world and, by some accounts, the best in North America. ATL is the economic jewel of Georgia, generating a $34.8 billion economic impact for metro Atlanta and providing more than 63,000 jobs onsite, making it the state's largest employer.
About Standard Parking
SP+ is a diverse provider of professional parking, ground transportation, facility maintenance, security and event logistics services to real estate owners and managers in a wide array of markets. Multiple services + market expertise + cultural commitment, delivered by 23,000 + dedicated employees. That's what SP+ is all about. For more information visit http://www.spplus.ca/.
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
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
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: http://photos.newswire.ca/images/download/20161109_C2858_PHOTO_EN_814324.jpg
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
Share this article