VANCOUVER, April 3, 2018 /CNW/ - Grande West
Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) –
April 3, 2018: ("Grande West" or the
"Company"), a Canadian manufacturer of mid-sized multi-purpose
transit vehicles for sale in Canada and the
United States, is pleased to announce the addition of
Rob Mowat as Vice President of Sales
and Marketing.
Mr. Mowat joins Grande West to focus on new U.S. sales
opportunities and support efforts with exclusive distributor
Alliance Bus Group.
As the Senior Vice President of Business Development,
Rob Mowat lead Transdev's business
development efforts in the US and Canada managing contract transportation
engagements for government agencies. Rob has worked with countless
transit authorities both large and small throughout the United States and Canada to drive their purchased transportation
buying efforts.
Prior to Transdev, Rob served as the VP of Sales for Nova Bus,
working in the USA and
Canada with special focus on the
introduction of a new product into the USA market. Ultimately leading his sales force
through a restructuring and a shift in the way they sold,
emphasizing on market analysis, target accounts and collaborative
selling. He has held positions in operations and sales for the
public transportation sector since 1989. During his career Rob has
been honoured by DAVE Transportation Services as their Manager of
the Year, graduated from Leadership APTA and has served several
terms on the Board of Directors for APTA and South West Transit
Association.
Mr. Mowat commented, "It's an honour to be a part of dynamic
team poised to reshape how the transit industry thinks about
right-sizing their fleets to meet evolving transportation needs.
The Vicinity product is an innovative game changer."
Jean-Marc Landry, Chief Executive
Officer of Grande West stated, "When we set out seeking my
replacement as VP Sales, I wanted to find the perfect candidate for
our U.S. focus. Rob and I worked together previously at Nova Bus
and as a team drove significant growth for the company at that
time. I'm very excited to to be working with Rob again as we set
out to do the same at Grande West."
The Company has granted Mr. Mowat 250,000 stock options with a
strike price of $1.75 for his executive incentive plan
that will vest over a three year period. The options are
exercisable until April 4, 2023. The Company has also granted
250,000 options at $1.75 to a
director of the Company which will vest in accordance to the
Company's stock option plan and exercisable until April 4, 2023. Both option grants are subject to
exchange approval.
About Grande West
Grande West is a Canadian company that designs, engineers and
manufactures mid-size multi-purpose transit vehicles for public and
commercial enterprises. Grande West's Best-in-Class
heavy-duty Vicinity bus is available in 27.5', 30' and 35' 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, is more
maneuverable, burns less fuel and emits less harmful emissions.
Grande West will soon be offering a new product which will be the
first Crossover Vehicle in the transit space - a medium-duty,
monocoque-designed rear engine vehicle.
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 compliant to Buy America, and along with ABG, its
exclusive US distributor, is actively pursuing opportunities in
public and private transit fleet operations that would benefit from
Grande West's vehicles.
For further information please contact:
Grande West
Transportation
John LaGourgue
VP Corporate
Development
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
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.
Important factors that could cause actual results to differ
materially from Grande West's expectations include uncertainties
relating to the receipt of final approval from the TSX-V; and other
risk and uncertainties disclosed in Grande West's reports and
documents filed with applicable securities regulatory authorities
from time to time. Grande West's forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made. Grande West assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
SOURCE Grande West Transportation Group Inc.