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Grande West Transportation Group Inc
Symbol BUS
Shares Issued 59,487,212
Close 2017-05-19 C$ 2.82
Market Cap C$ 167,753,938
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Grande West receives $4.5M in orders for nine buses

2017-05-23 09:22 ET - News Release

Mr. William Trainer reports

GRANDE WEST REACHES $100 MILLION ORDER BACKLOG

Grande West Transportation Group Inc. has received new orders for nine Vicinity buses for a combined order total of approximately $4.5-million.

Hamilton Street Railway (HSR) has ordered five compressed natural gas (CNG) Vicinity buses. This is a first-time order for HSR and will be delivered through Grande West's Eastern Canadian service and sales partner City View in the first quarter of 2018. The City of Moose Jaw also ordered an additional four Vicinity buses.

William Trainer, chief executive officer of Grande West, stated: "We are very pleased to receive follow-on orders from existing customers and forge new relationships with transit agencies throughout Canada. It's very exciting to be working with HSR with our new CNG Vicinity. HSR has a tremendous history in CNG propulsion as they pioneered the world's first fleet of CNG buses in 1985. HSR is very familiar with the technology, and we are looking forward to supporting their operations team as the buses are rolled out into revenue service."

Backlog: Current total firm orders for 2017 and first half 2018 delivery are for 276 buses valued at over $100-million.

About Grande West Transportation Group Inc.

Grande West is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities 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, burns less fuel and emits less harmful emissions.

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