VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 16, 2016) – Grande West Transportation Group Inc. (TSX VENTURE:BUS) (“Grande West” or the “Company”), a manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, announced today that it was awarded a firm $1.4 million CAD order from Grande Prairie, Alberta for the supply of four 30-foot Vicinity buses.
Grande West is also pleased to announce a multi-year nearly $800,000 CAD contract from the City of Lethbridge, Alberta for two 30-foot Vicinity buses.
The company is delighted to receive these awards from the Cities of Grande Prairie and Lethbridge. This order further enhances Grande West’s leadership position in the Canadian heavy-duty low floor mid-size bus market.
Grande West is currently experiencing the highest level of bid activity in its history. “We are extremely pleased to be filling orders for over 100 buses that will be delivered in 2017. Grande West is proud to have the confidence of so many Canadian Transit Operators and we continue to bolster our reputation in the U.S. To date, we have not lost a competitive tendered bid that we have submitted. Our Vicinity product is gaining trust, respect and market share,” stated William Trainer, President and CEO.
About Grande West Transportation Group
Grande West is a Canadian bus manufacturer which designs, engineers and manufactures Vicinity buses for transit authorities and commercial enterprises. With little competition in the “mid-size” bus range, Grande West has set itself apart from others with the Vicinity bus – a heavy duty mid-size, true community transit bus for the North American market.
The Vicinity is 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.
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.
Dan Courtney
1-604-607-4000
[email protected]
www.grandewest.com
The Howard Group
Jeff Walker
1-888-221-0915
[email protected]
www.howardgroupinc.com
Paradox Public Relations
Carl Desjardins
1-866-460-0408
[email protected]
www.paradox-pr.ca
