Grande West Receives Additional City of Edmonton Order
VANCOUVER, Oct. 3, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – October 3, 2016: ("Grande West" or the "Company"), a Canadian manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, is pleased to announce that it has received an additional order from the City of Edmonton totalling approximately $3.8 million CAD.
The order is for ten (10) 30 foot Vicinity buses for 2017 delivery. This is in addition to the City's initial order for six (6) 30 foot buses announced September 8, 2016, bringing the order total to $6.1 million CAD. The contract has forecasted quantities (firm and options) for up to forty-five (45) buses, allows the City to increase the number of buses as required and extend the contract for up to 5 years.
Current total firm orders for 2017 delivery are for one hundred fifty-nine (159) buses valued at over$54 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses.