Mr. John LaGourgue reports
GRANDE WEST ENGAGES MZ GROUP TO LEAD STRATEGIC INVESTOR RELATIONS AND SHAREHOLDER COMMUNICATIONS PROGRAM
Grande West Transportation Group Inc. has engaged investor relations specialist MZ Group to lead a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with Grande West management to develop and execute a complete capital markets strategy designed to increase the company's visibility throughout the investment community. The campaign will highlight how Grande West continues to scale operations internationally, leveraging its established brand recognition while concurrently driving product-level innovations to expand its addressable market -- such as the introduction of the all-electric Vicinity Lightning bus -- enabled by BMW battery packs and components.
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. MZ North America will advise Grand West in all facets of corporate and financial communications, including the co-ordination of road shows and investment conferences across key cities and building brand awareness with financial and social media outlets.
Greg Falesnik, chief executive officer of MZ North America, commented: "Grande West has achieved an unprecedented level of market penetration within Canada, offering a diverse portfolio of bus types across all sizes and leading power trains, inclusive of electric, CNG (compressed natural gas), gas and clean diesel. With the recent announcement of a new Buy American Act-compliant assembly facility in Washington State -- capable of producing 1,000 units annually -- management has positioned Grande West for notable growth in the untapped U.S. market, leveraging a solid industry reputation and established dealer relationships nationwide.
"We believe Grande West offers the financial profile of a mature business with several avenues for sustainable growth in the electric vehicle, CNG and clean diesel verticals. We look forward to sharing their story with our global network of institutional and family office investors in the months to come," concluded Mr. Falesnik.
"Grande West continued to innovate in 2020, leveraging our dominant market position in Canada to introduce new products into the marketplace -- such as our all-electric buses enabled through BMW's battery technology and components," said John LaGourgue, vice-president, corporate development and director of Grande West. "As we move into the massive U.S. market, where many operators are seeking to electrify their fleets, we will seek to scale operations at our U.S. assembly facility, while leveraging our global manufacturing partners to address near-term sales opportunities throughout North America. We look forward to working closely with the entire team at MZ Group to communicate our value proposition to the broader investment community."
MZ has been engaged at a rate of $12,500 (U.S.) per month for an initial term of 12 months, and, subject to certain terms, an automatic renewal of an additional 12 months. In addition, MZ will be granted 125,000 incentive stock options exercisable at a price of $3.12 per share for a period of five years. The options and its terms are subject to the terms of the company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
MZ currently has no direct or indirect interest in the securities of Grande West, or any right or intent to acquire such an interest except pursuant to the exercise of the above-referenced options.
The appointment of MZ as an investor relations consultant of Grande West and the granting of the options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Grande West Transportation Group Inc.
Grande West Transportation is a leading Canadian supplier of electric, CNG, gas and clean diesel buses for both public and commercial enterprise use. The company's flagship line of Vicinity buses, which maintain a dominant market share in Canada, are produced by world-class manufacturing partners or at the company's Buy America Act-compliant assembly facility in Washington State. Grand West's innovative Vicinity Lightning EV bus, enabled through a strategic supply agreement with BMW, seeks to lead the global transition to a more sustainable public transit system.
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