Grande West Secures First US Customer Grande West Secures First US Customer Canada NewsWire VANCOUVER, Nov. 9, 2016 VANCOUVER, Nov. 9, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, is very excited to announce its first US customer, Hartsfield-Jackson Atlanta International Airport. The buses are operated and purchased by Standard Parking ("SP+"). Grande West's exclusive US distributor Alliance Bus Group ("ABG") will deliver to SP+ thirteen (13) Vicinity buses for operation at the Atlanta International Airport in 2017. These buses are partial fulfillment for the first ABG order for fifty (50) buses, of which three (3) buses have been delivered to date and are being used by ABG as demo units for sales opportunities. The Atlanta Airport order is included in the current backlog. Current total firm orders for 2017 delivery are for one hundred seventy-three (173) buses valued at over $60 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses. William Trainer, CEO of Grande West stated, "Selling Vicinity into the US private market is a major milestone for Grande West and confirms our execution plan. This first significant commercial order is, as anticipated, to a large player in the private bus fleet market conducted in a competitive award process. We expect to announce similar orders moving forward." About Hartsfield-Jackson Atlanta International Airport Hartsfield-Jackson Atlanta International Airport is the busiest and most efficient airport in the world and, by some accounts, the best in North America. ATL is the economic jewel of Georgia, generating a $34.8 billion economic impact for metro Atlanta and providing more than 63,000 jobs onsite, making it the state's largest employer. About Standard Parking SP+ is a diverse provider of professional parking, ground transportation, facility maintenance, security and event logistics services to real estate owners and managers in a wide array of markets. Multiple services + market expertise + cultural commitment, delivered by 23,000 + dedicated employees. That's what SP+ is all about. For more information visit http://www.spplus.ca/. About Grande West Transportation Group Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30 and 35 foot models 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. 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 together with ABG, its exclusive US distributor, is actively pursuing opportunities to sell Vicinity into private fleet operations in the US such as airport transport, universities, etc. The Company is also working towards 'Buy America' certification in order to supply US-based federal and state transit authorities. For further information please contact: Grande West Transportation John LaGourgue Ph: 1-604-607-4000 [email protected] www.grandewest.com
Trading above $1.50 today - a 3 bag from post time. Grande West Transportation to Present at the 9th Annual LD Micro Main Event LOS ANGELES, CA / ACCESSWIRE / November 21, 2016 / Grande West Transportation Group (TSXV: BUS; OTC Pink: GWTNF), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, announced today that it will be presenting at the 9th Annual LD Micro Main Event on Tuesday, December 6 at 7:30 AM PST at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. William Trainer will be presenting, as well as meeting with investors. The LD Micro Main Event is the largest independent conference for small/microcap companies and will feature 240 presenting names. A webcast and archive of the presentation is available here: http://wsw.com/webcast/ldmicro11/bus.v View Grande West's profile here: http://www.ldmicro.com/profile/bus.v News Compliments of Accesswire. About Grande West Transportation Group Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers, and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30 and 35 foot models 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. 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 together with ABG, its exclusive US distributor, is actively pursuing opportunities to sell Vicinity into private fleet operations in the US such as airport transport, universities, etc. The Company is also working towards 'Buy America' certification in order to supply US-based federal and state transit authorities. About LD Micro LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe. For those interested in attending, please contact David Scher at [email protected] or visit www.ldmicro.com/events for more information.
Thanks to kthanks. I got in a little late, but still took home a 60% gain by holding for 5 weeks. I don't say that very often.
Great to hear that others were able to profit! I am continuing to a hold a position here for some upcoming catalysts. 1. Buy America Certification 2. Profitable by Q1 2017 3. EPS probability of being ~0.15-0.25 next year (at a 20x multiple that means $3.00-$5.00) The key thing now is can the company meet their delivery commitments on time and when the breakthrough in the US market comes.
Grande West Achieves Buy America Certification V.BUS | 8 hours ago Canada NewsWire VANCOUVER, Dec. 12, 2016 VANCOUVER, Dec. 12, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – December 12, 2016: ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, is pleased to announce that it has met Buy America certification requirements for the sale of its Vicinity bus in the US. Buy America provisions ensure that transportation infrastructure projects are built with American-made products. This means that local, state and Federal government investments in public transit are able to support an entire supply chain of American companies and their employees. The Company has achieved the required 60% US component content through audits, documented final assembly procedures, and scored Best-in-Class in the FTA's Altoona Test to qualify for the certification. Buy America status enables the Company's exclusive US distributor, Alliance Bus Group ("ABG"), to bid on all public transit opportunities in the USA with Vicinity 30 and 35 foot models. William Trainer, CEO of Grande West commented, "Buy America is another major milestone for the Company and will provide us with continued sales momentum into the US market in 2017 and beyond. We will continue to work on finalizing the business plan for our final assembly facility as ABG grows the sales backlog." Doug Dunn, CEO of ABG stated, "This is a very exciting time for ABG and Grande West. In addition to providing Vicinity buses to the private market, we are now able to address the significant public transit market. Our pipeline of opportunities is very large and the Vicinity is a clear choice for many transit agencies as it provides considerable savings of capital, operating and maintenance costs versus competing products. ABG is well-positioned to aggressively address the US market in 2017 with recent Vicinity demo bus deliveries, Buy America certification and the FTA's Altoona Test Best-in-Class results." About Grande West Transportation Group Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30 and 35 foot models 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. 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 to sell Vicinity into public and private transit fleet operations.
Grande West to announce 2016 year end earnings December 21, 2016 Grande West to announce 2016 year end earnings December 21, 2016 Canada NewsWire VANCOUVER, Dec. 15, 2016 VANCOUVER, Dec. 15, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – December 15, 2016: ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, announced today that year-end financials ending August 31, 2016 will be released on December 21, 2016 before market open. A conference call will be held at 11:00 EST the same day to discuss the results and provide a Corporate update. A conference call for analysts and interested listeners can be accessed in North America by dialling 1-800-977-8002, or internationally at 1-404-920-6650 and entering passcode 5727526#. After the financial results and updates are discussed by management, a question and answer period will be provided. William Trainer, President and CEO of Grande West commented, "Management and the Board continue to strive towards transparency with the investment community and clearly outline Grande West's milestone achievements and business growth. Moving forward we will hold conference calls quarterly for all earnings announcements. We look forward to updating the investment community next week." The Company is also pleased to announce that it will be changing its fiscal year to coincide with the calendar year starting January 1, 2017. This reporting change will result in an additional audited fourth quarter financial statement ending December 31, 2016. About Grande West Transportation Group Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30 and 35 foot models 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. 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 to sell Vicinity into public and private transit fleet operations. For further information please contact: Grande West Transportation John LaGourgue Ph: 1-604-607-4000 [email protected] www.grandewest.com
VANCOUVER, Dec. 21, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – December 21, 2016: ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, announced today audited year end financials ending August 31, 2016. Selected Yearly Information The following table shows the audited results of the Company for the year ended August 31, 2016 and 2015 and is stated in Canadian dollars. Year Ended August 31, 2016 (audited) August 31, 2015 (audited) Revenue $ 8,211,180 $ 6,046,199 Gross profit (loss) 513,580 (139,175) Basic and diluted earnings from operations earnings per share - - Net earnings (loss) (3,986,409) (4,463,829) Basic and diluted earnings (loss) per share (0.08) (0.10) Cash and cash equivalents 316,444 697,858 Working Capital 2,483,883 1,725,381 Total Assets 9,987,040 3,915,284 Non-current financial liabilities 3,021,182 915,829 During the year ended August 31, 2016, the Company sold 16 Vicinity buses compared to the same period ended August 31, 2015 when the Company sold 18 Vicinity buses. Recent Highlights and Developments Subsequent to August 31, 2016 Of the twenty-one (21) buses slated for delivery in 2H 2016, three (3) were revenue recognized in the quarter ending August 31, 2016. The additional eighteen (18) buses were delivered subsequently in 2016 for total unaudited revenues of over $6 million. These revenues will be reported in the audited stub fourth quarter ending December 31, 2016. In September, the City of Edmonton awarded Grande West a long term contract for up to 5 years with forecasted purchase of forty-five (45) buses valued at about $18 million. Sixteen (16) Vicinity buses have been ordered for 2017 delivery for approximate value of $6.1 million. In September, BC Transit ordered an additional seventeen (17) Vicinity buses totalling $6 million. This is in addition to BC Transit's initial order for forty-one (41) buses valued at approximately $13 million announced May 10, 2016. In October, new contracts were awarded for the City of Saskatoon for four (4) Vicinity valued at $1.9 million, Welland Transit for two (2) and the City of Cobourg for one (1) for an additional $1.5 million. Also in October the City of Prince Albert, Saskatchewan ordered seven (7) Vicinity buses totalling approximately $2.95 million. This was a key order as it marked one of the first Right-Sizing opportunities for transit as these seven buses were originally slated to be 40' conventional buses. Vicinity 35' models replaced a significant portion of Prince Albert's fleet. On November 9, the Company announced its first US customer, the Hartsfield-Jackson Atlanta International Airport. The thirteen (13) Vicinity buses will be purchased and operated by Standard Parking. Also in November, Grande West received a third Vicinity order from Cape Breton for two (2) Vicinity buses totalling $900,000. On December 9, 2016 the Company announced it had achieved Buy America certification. Buy America status enables the Company's exclusive US distributor, Alliance Bus Group ("ABG"), to bid on all public transit opportunities in the USA with Vicinity 30 and 35 foot models. Through the last quarter the Company is pleased to note that a significant number of the share purchase warrants and options were exercised, representing a total number of 1,751,667 Common Shares of the Corporation for total purchase price of $1,044,680. The Company has firm orders for 175 buses for 2017 delivery worth over $61 million. Management expects further orders for 2017 delivery in Canada and the US. William Trainer, President and CEO of Grande West commented, "2016 has been a transformational year for Grande West as the hard work of the past eight years has come together. We have strengthened the team in advance of 2017 deliveries which will begin in January and are very excited about our business outlook. We have streamlined and increased efficiencies in operations, manufacturing, supply chain and quality control which will increase gross margin in all future Vicinity production. The recent Buy America certification has opened up increased tender opportunities in the US and we are currently bidding on opportunities to supply over 150 buses through our distributor ABG. As the order book for 2017 continues to grow, we will begin to populate the order book for 2018 and beyond."
This stock is good for long term as company is going great, you can gain good profit from this stock.
BUS.V From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term. Looking for breakout at 1.85 with a short term target of 2.16. http://canada.stoxline.com/q_ca.php?s=bus.v
Big gains today trading at 1.95 with big volume. Good 4x bagger so far. Still holding. Grande West Announces CNG Clean Burning Fuel Option for Vicinity Canada NewsWire VANCOUVER, Jan. 11, 2017 VANCOUVER, Jan. 11, 2017 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States is pleased to announce a major addition to clean air propulsion options for its Vicinity bus line. Grande West is now offering clean burning, low emission Cummins ISB G engines for delivery on 2017 orders. The ISB G Engine, powered by compressed natural gas (CNG) has the lowest North American Emissions standards and is approved from both the US Environmental Protection Agency (EPA) and Air Resources Board (ARB) in California. This certification represents major emissions reduction well below current EPA nitrogen oxide (NOx) emissions standards - providing the cleanest engine in the bus industry. The engine also greatly reduces Particulate Matter (PM) providing major greenhouse gas benefits. Grande West has worked to engineer its CNG-powered Vicinity using components and systems that are of the highest quality and reliability. These buses will deliver the performance demanded by our customers as well as offer the best maintenance and serviceability available in the market. Most importantly, our CNG bus will retain the high level of content that will satisfy Canadian requirements, as well as US Buy America. Jean-Marc Landry, Executive VP of Sales and Marketing stated, "We are seeing a growing demand for natural gas powered buses. CNG has helped transit customers meet stringent clean air requirements and is now being requested on many tenders in Canada and the US. The CNG option has been a requirement in many of our tenders as transit agencies move towards lower operating costs associated with CNG." About Grande West Transportation Group Grande West Transportation Group 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 30 and 35 foot models 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. 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 to sell Vicinity into public and private transit fleet operations. For further information please contact: Grande West Transportation John LaGourgue Ph: 1-604-607-4000 [email protected] www.grandewest.com
I sold about half of my shares at 1.85 for a really nice 300% gain. I will be gaining some exposure to VRX (Valeant) via January 2018 call options. I have a planned exit for the rest of my shares above the $3 mark depending on how US sales go.
Grande West receives $13 million Vicinity order Canada NewsWire VANCOUVER, Jan. 30, 2017 VANCOUVER, Jan. 30, 2017 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, is pleased to announce it has received a new order from BC Transit totalling approximately $13 million CAD. The order is for thirty-nine (39) Vicinity buses for delivery starting late 2017 through early 2018. Grande West's total firm orders for 2017 and early 2018 delivery are for two hundred-fourteen (214) buses valued at over $74 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses. About Grande West Transportation Group Grande West Transportation Group 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. 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 Ph: 1-604-607-4000 [email protected] www.grandewest.com
