Grande West management has been in Calgary the past couple of days, trumpeting the attributes of its new “Vicinity” bus at the Canadian Urban Transit Association (CUTA) Fall Conference & Trans-Expo.
Held annually in conjunction with the CUTA Fall Conference, Trans-Expo, Canada's Transit and Bus Exhibition, attracts more than 1,000 management decision-makers in the transportation industry. This exhibition features over 60,000 square feet of products, vehicles and services from manufacturers across North America and abroad.
As the show was held in The Howard Group’s backyard, we were able to personally witness a constant high level of activity around the “Vicinity”. The focus for any attendee of a trade show is lead generation or follow-on discussions with potentially interested transit authorities.
BC Transit was kind enough to loan Grande West one of its 15 recently delivered busses for the Calgary show. BC Transit authorities have been extremely supportive of Grande West as the “Vicinity” was initially designed with its needs in mind. BC Transit took delivery of 15 busses this past August, putting $3.8 million into Grande West’s coffers.
The Howard Group has been working with Grande West the past several months to first prepare for its Initial Public Offering and then manage a series of meetings with investment firms and potential investors. While we are extremely restricted as to what can be discussed at this time, it’s expected that, within the next two weeks, details can be released on the amount of money raised. Subject to all final regulatory approvals, Grande West stock should begin trading on the TSX Venture Exchange around mid-December.