11/19/2014
Nov. 19, 2014
NOBLE IRON INC.
November 19th, 2014
FOR IMMEDIATE RELEASE
NIR: TSX Venture Exchange
Noble Iron Announces Board of Director Change
San Francisco, CA – Noble Iron Inc. (“Noble Iron”, TSX Venture Exchange: NIR) announced that Harry Jaako has stepped down from the Company’s Board of Directors. Mr. Jaako expressed that his decision to resign from the Company’s Board was due to the demands of his overall business commitments. Discovery Capital, Mr. Jaako’s investment fund, remains a significant shareholder of Noble Iron and Mr. Jaako expressed his support of the Company’s strategic direction and future.
“Since joining the Board of Texada Software 11 years ago, I have been pleased to help build one of the most respected software vendors to the rental industry,” said Mr. Jaako. He continued, “The transition of the company to Noble Iron signaled the seizing of a great new strategic direction – launching a visionary equipment enterprise driven by disruptive e-commerce technology, to deliver the best and most cost-effective solution for this market. It has been an honor for me to have served this Board, the management team and shareholders.”
Nabil Kassam, Founder, Chairman & CEO of Noble Iron, commented, “Harry’s contribution to Noble Iron has fundamentally helped shape our vision and catalyze our growth. We hold the deepest appreciation for Harry’s many years of service to the company. I look forward to continuing to seek counsel from Harry as an informal advisor and as a friend.”
More information about the Company can be found at www.SEDAR.com
About Noble Iron Inc. (NIR: TSX Venture Exchange)
Noble Iron Inc. operates in equipment rental, equipment sales, and enterprise asset management software for the construction and industrial equipment industry. Noble Iron Inc.’s equipment rental and dealership business operates under the name “Noble Iron”, and currently serves customers in California and Texas. Noble Iron offers construction and industrial equipment and accessories for rent and for sale, and is the exclusive distributor of LiuGong Construction Machinery equipment in Southeast Texas.
Noble Iron Inc.’s software division operates under the name “Texada Software”. Texada Software develops software applications to manage the complete equipment ownership lifecycle: from equipment purchasing; rental & sales transactions; inventory management; maintenance & depreciation tracking; through to used equipment sales, disposal & inventory replenishment. Texada Software offers in-the-cloud or client-based software, and is scalable to meet the needs of any equipment rental company, dealership, construction company, contractor, and any customer who owns or uses construction or industrial equipment.
The company can be reached at 1-832-767-4424, or at www.nobleiron.com.
Corporate communications contacts:
Thomas Caldaroni
Chief Financial Officer
Noble Iron Inc.
t: (832) 767-4424 Ext. 207
e: thomas.caldaroni@nobleiron.com
Nabil Kassam
Founder, Chairman & CEO
Noble Iron Inc.
t: (650) 766-9177
e: nabil@nobleiron.com
This news release may contain forward-looking statements which reflect the Company’s current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan, “estimate”, “expect”, “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, fluctuations in operating results and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industries in which the Company participates; others are more specific to the Company. The Company’s ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.