Grande West Transportation Group Inc.
TSX VENTURE : BUS

Grande West Transportation Group Inc.

November 20, 2014 08:30 ET

Grande West Announces New Orders and Launch of the 30ft Vicinity Model

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 20, 2014) - Grande West Transportation Group Inc. (TSX VENTURE:BUS)("Grande West" or the "Company") is pleased to announce it received new orders for four Vicinity buses from Transdev Quebec Inc. and Cape Breton Regional Municipality for a value of $1.1 million. Transdev Quebec Inc. has ordered one 30 foot and two additional 27.5 foot models. Transdev currently has 13 Vicinity buses in service in the greater Montreal metropolitan area and this repeat order will bring the total number of Vicinity buses for Transdev to 16. In addition, Cape Breton Regional Municipality has issued an initial order for one 30 foot model.

Grande West officially launched the new 30 foot, two-door Vicinity bus model at the Canadian Urban Transit Association's Trans-Expo in Niagara Falls earlier this week. The industry response for this new Vicinity model was overwhelmingly positive and generated much interest from attendees. The 30 foot model, which features two doors, was designed to meet the needs of the Ontario transit agencies and the airport shuttle market across Canada.

About Grande West Transportation Group

Grande West was formed in 2008 to design and develop a 27.5 foot bus, known as the "Vicinity." 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.

The Vicinity is designed with affordability, accessibility and global responsibility in mind. It costs 40% less than a regular 40 foot transit bus, burns less fuel, emits less harmful emissions and has lower maintenance costs. The Vicinity achieves a life span twice as long as the cut-away buses which are based on a truck chassis and are currently used by many transit operators. The Vicinity also has materially lower maintenance costs than a cut-away bus.

In a large and unsaturated market segment, Grande West is poised to capture sales growth from both the replacement of cut-away buses and the right sizing of larger buses for better utilization of transit fleets across Canada and the United States.

Grande West has delivered to date a total of 31 Vicinity buses: 15 buses to BC Transit, 3 buses to Kings Transit in Nova Scotia and 13 buses to Transdev in Quebec. These announced orders will bring the number of Vicinity buses to a total of 35. The future sales funnel is constantly growing. As the Vicinity is introduced to transit agencies across Canada, a strong interest in the Vicinity is being generated.

For marketing and customer testing, three Vicinity buses are being demonstrated including our new 30 foot model with two doors for the Ontario market and airport shuttle bus applications.

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.

Contact Information