Metrotrans Corporation Receives Multiple Irizar Orders; Initial Orders Valued at $7.5 Million
2 January 1998
Metrotrans Corporation Receives Multiple Irizar Orders; Initial Orders Valued at $7.5 MillionGRIFFIN, Ga., Jan. 2 -- Metrotrans Corporation today announced that it has received over 20 orders for new Irizar motorcoaches. Metrotrans and Irizar have completed testing on the vehicle to ensure USDOT compliance and expect to begin retail deliveries in the first quarter of 1998. Commenting on the acceptance of the Irizar, Metrotrans CEO Michael Walden stated, "We are excited by the extremely positive response coach operators have given the Irizar. This response is undoubtedly due to the innovative features of the product and Irizar's uncompromising commitment to quality. The Irizar coach represents a significant component in our growth plan and product offering. The Irizar's 57-passenger capacity complements our existing product line making Metrotrans the only company in the United States to offer new vehicles with capacities of nine to 57 passengers. The full-size motorcoach industry is vibrant and growing, and we believe the Irizar product affords us the opportunity to be a substantial player in this discriminating market." Metrotrans is the exclusive marketing, sales and service agent in the United States, all United States territories and Canada for Irizar's luxurious 40- and 45-foot motorcoaches. The first-quarter deliveries will constitute the first time the coaches have been operated in the United States. This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the Company's customers and suppliers, competitor response to the Company's products and services, the overall market acceptance of such products and services, and other factors disclosed in the Company's last filed Annual Report. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Metrotrans Corporation designs, manufactures and distributes shuttle, mid-size, and full-size touring buses through Company-operated sales centers and independent distributors in the United States, Europe, Canada, and Puerto Rico. SOURCE Metrotrans Corporation