VANCOUVER, Oct. 11, 2017 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – October 11, 2017: ("Grande West" or the "Company"), a Canadian bus manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce that it will be unveiling an extension to its product line.
In addition to offering tours of the recently operational College Park Assembly Facility on October 11, Grande West will be unveiling an expansion to its current Vicinity product line. The Company will offer attendees a sneak peak at the newly designed transit vehicle. The high-quality, cost competitive vehicle will be offered from 22' to 28' lengths, designed for use in community service, airports, campuses, hotel shuttles, etc. This new high capacity vehicle was designed and built following the same quality standards used in our Best In Class heavy-duty mid-size Vicinity buses.
Grande West will be showing an "operational mock up" of the new 27.5' concept design. Our goal is to present the vehicle to attendees and obtain feedback relative to operator needs. We invite all transit agencies and private operators to examine the current design, offer observations and contribute to the final design.
Grande West believes that this monocoque body, rear-engine, low floor medium-duty transit vehicle will be a game changer. The 27.5' vehicle can accommodate up to 27 seated passengers and standees with multiple wheelchair positions. Designed with a 1:6 ramp slope, it is fully accessible for all passengers in need of extra assistance and wheelchair accessibility. This unique transit vehicle, powered by a GM gas engine and Allison transmission, will offer the same serviceability, maintainability and reliability typically found in transit vehicles with similar powertrains.
Grande West believes that this new category of "Crossover" vehicles will provide a superior option to current 'cutaway' offerings available to the transit market today.
Final engineering of the new vehicle will follow by taking into consideration industry expert feedback. Product and sales availability of this crossover vehicle will be announced in the near future.
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, is more maneuverable, 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 certified, and along with ABG, its exclusive US distributor, is actively pursuing opportunities in public and private transit fleet operations that would benefit from the Vicinity.
For further information please contact:
Grande West Transportation
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