VANCOUVER, Dec. 11, 2017 /CNW/ - 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
John LaGourgue
VP Corporate Development
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
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.
