Grande West On Track For First Profitable Quarter – $BUS

Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF),  a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, is pleased to announce a management update on Vicinity bus deliveries during the second quarter ended June 30, 2017, as well as second quarter earnings release date.

Grande West Transportation Group Inc. (CNW Group/Grande West Transportation Group Inc.)

The Company delivered a record number of thirty two buses (32) in the second quarter. These record deliveries will result in Grande West’s first profitable quarter.

Management is targeting delivery of a minimum of two hundred (200) Vicinity buses during 2017.

Along with reaching profitability and record deliveries, management is pleased with the Company’s Vancouver-based assembly and inspection process. These processes have now been tested and confirmed during ramped up deliveries in the first half of the year. This faster pace of deliveries will continue throughout the third and fourth quarters and we will continue to implement process improvements as we optimize our methods and practices. These actions and lessons learned will be directly applicable to the Atlanta Buy America facility to ensure that operations there are ramped up smoothly and with the highest quality.

Taras Kindzersky, COO of Grande West stated, “We are extremely pleased in achieving record deliveries for the quarter, close to matching all deliveries during the 2016 calendar year. Our new systems for streamlining pre-delivery inspections and deliveries have been successful and continue to improve. I am very proud of our operational team’s drive and enthusiasm in scaling up to the next level. Building on second quarter successes is setting us up for continued record deliveries moving into the coming quarters.”

Second quarter financial results will be announced before market open on August 17, 2017.

A conference call to discuss these results will be held the same day at 8:00 AM PST / 11:00 AM EST.

The call-in number is

(866) 215-5508 or (514) 841-2157

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