Noble Iron Inc., Formerly Texada Software Inc., Begins Trading Under the Symbol "NIR" and Completes Share Consolidation
July 23, 2012
HOUSTON, TEXAS—(Marketwire – July 23, 2012) – NOBLE IRON INC. (the “Company”) (TSX VENTURE:NIR), announces that the name of the Company has been changed from “Texada Software Inc.” to “Noble Iron Inc.” Effective today, the Company’s common shares have commenced trading on the TSX Venture Exchange (“TSXV”) under the name, Noble Iron Inc., and the symbol, NIR.
“We are pleased to have executed the name change to Noble Iron Inc., which we plan to build into a leading company in the equipment industry,” said Willie Swisher, CEO of Noble Iron. He added, “Noble Iron’s equipment rental business and dealership will operate as 'Noble Iron,’ and our software division will continue operating under the brand name, 'Texada Software’.”
The Company has also completed the consolidation of its outstanding common shares on the basis of one (1) new common share for every five (5) old common shares. Prior to the consolidation, the Company had 85,908,184 common shares issued and outstanding, and post-consolidation, the Company has approximately 17,181,636 common shares issued and outstanding.
Nabil Kassam, Executive Chairman of Noble Iron, commented, “Our change of name to Noble Iron Inc. represents a progression in our strategy to expand our business from that of a pure enterprise software company to an advanced platform operating directly in the equipment rental and dealership sector. Our share consolidation will better position Noble Iron’s engagement with global capital markets as we continue executing our strategy.”
More information may be found at www.sedar.com.
About Noble Iron Inc. (TSX VENTURE:NIR)
Noble Iron Inc. (TSX VENTURE:NIR), operates in three complementary sectors: equipment rental, equipment dealership and enterprise software, for the construction and industrial equipment industry.
The Company operates its equipment rental business and dealership under the name “Noble Iron.” Noble Iron rental depots currently serve customers in California and Texas. Noble Iron’s dealership offers select manufacturers’ equipment and accessories for sale, and is the exclusive distributor of LiuGong Construction Machinery equipment in Southeast Texas.
The Company’s software division, Texada Software, provides software applications to manage the complete equipment ownership lifecycle, from acquisition, rental, sales and other activities, through to disposal. Texada offers in-the-cloud or client-based software, and is scalable to meet the needs of any customer.
The Company can be reached at 1-800-361-1233 or 1-519-836-7073, or at www.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 industry; 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.