Grande West Announces Brokered Private Placement - Seite 2

The Private Placement will be exempt from prospectus and registration requirements of applicable securities laws. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States or to "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

About Grande West Transportation Group

Grande West was formed in 2008 to design and develop a 27.5 foot bus, known as the "Vicinity." With little competition in the "mid-size" bus range, Grande West has set itself apart from others with the Vicinity bus - a heavy duty mid-size, true community transit bus.

The Vicinity is designed with affordability, accessibility and global responsibility in mind. It costs 40% less than a regular 40 foot transit bus, burns less fuel, emits less harmful emissions and has lower maintenance costs. The Vicinity achieves a life span twice as long as the cut-away buses which are based on a truck chassis and are currently used by many transit operators. The Vicinity also has materially lower maintenance costs than a cut-away bus.

In a large and unsaturated market segment, Grande West is poised to capture sales growth from both the replacement of cut-away buses and the right sizing of larger buses for better utilization of transit fleets across Canada and the United States.

Grande West has delivered to date a total of 31 Vicinity buses: 15 buses to BC Transit, 3 buses to Kings Transit in Nova Scotia and 13 buses to Transdev in Quebec. There are 5 Vicinity buses currently in production for customer deliveries in May which would bring the total number of Vicinity buses in operation to 36. The future sales funnel is constantly growing. As the Vicinity is introduced to transit agencies across Canada, a strong interest in the Vicinity is being generating.