VANCOUVER, Oct. 23, 2017 /CNW/ - Grande West
Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) –
October 23, 2017: ("Grande West" or
the "Company"), a Canadian bus manufacturer of multi-purpose
mid-sized transit vehicles for sale in Canada and the
United States, is pleased to announce that it has a new
order for Vicinity buses for a total of $1.6
million.
The order is for four (4) Vicinity buses from the County of
Simcoe, Ontario. The Company is
pleased to have another new customer from Ontario.
Grande West's total firm orders
for 2017/2018 delivery are for over three hundred fifty (354) buses
valued at over $131 million. This
current backlog includes pre-announced third quarter deliveries of
seventy five (75) buses for approximately $25 million in revenue and will be adjusted when
third quarter financials are officially reported.
Management also reports that Taras Kindzersky is no longer with
the Company. His duties are being filled by existing employees.
About Grande West Transportation Group
Grande West is a Canadian company
which designs, engineers and manufactures mid-size multi-purpose
transit vehicles for public 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
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.
