VANCOUVER, Dec. 11, 2017 /PRNewswire/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – December 11, 2017: ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce a new Vicinity order for approximately $6 million.
Through a competitive bid process, Grande West received its first public transit order in the province of Quebec for a total of fifteen (15) Vicinity buses to be delivered in 2018.
- 8 for Société de transport du Saguenay (STS)
- 4 for Société de transport de Lévis (STL)
- 3 for Société de transport de Trois-Rivières (STTR)
Jean-Marc Landry, VP Business Development of Grande West stated, "We are very excited to welcome STS, STL and STTR to our growing list of customers. We believe there is huge potential for "right sizing" of public transit fleets in the province of Quebec after many decades of buying mostly larger 40' buses. Grande West and its exclusive dealer Autobus de la Cité in Eastern Canada are ideally suited to meet the needs of the Quebec transit market."
Backlog: Current total firm orders for Q4 2017 through 2018 delivery are for over two hundred ninety four (294) buses valued at over $112 million CAD.
About Grande West Transportation Group
Grande West is a Canadian company that designs, engineers and manufactures mid-size multi-purpose transit vehicles for public and commercial enterprises. Grande West's Best-in-Class heavy-duty Vicinity bus is available in 27.5, 30 and 35 foot models powered by clean diesel, EV 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 compliant, and along with ABG, its exclusive US distributor, is actively supplying and pursuing opportunities in public and private transit fleet operations that will benefit from Grande West's vehicles.
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.