HOUSTON, TEXAS -- (Marketwired) -- 06/27/13 -- Noble Iron Inc. ("Noble Iron" or the "Company") (TSX VENTURE: NIR) is pleased to announce that at its Annual General Meeting (AGM), held on June 20, 2013, the Company's shareholders re-elected its entire Board of Directors. Re-elected to the Board were Malcolm Hunter, Harry Jaako, Nabil Kassam, Samir Manji, Aly G. Mawji, William Palmer, Ron Schwarz and William Swisher. Biographies of Noble Iron's Directors can be found at www.nobleiron.com.
At a meeting of Noble Iron's Board, following the AGM, Samir Manji, William Palmer and Ron Schwarz were elected to Chair the Company's Investment, Compensation and Audit Committees, respectively.
Nabil Kassam, Noble Iron's Executive Chairman, noted "our Board, along with our entire team, customers and partners, has been instrumental to our success." He continued "with our Board's guidance, we look forward to continue building the Noble Iron model, and reinventing the equipment rental and dealership industry."
Other matters at the AGM included the reappointment of KPMG LLP as the Company's auditor. The Company also announced that it had chosen to no longer proceed with a proposed "Shares for Debt Transaction" described in a February 19, 2013 news release.
Any financial information indicated, as set out in this news release, is presented on a basis consistent with the accounting principles used to prepare Noble Iron's most recently filed financial statements. The consolidated financial statements are prepared by management in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board. Readers are advised that the Company faces various risk factors with respect to its business and operations. For further information please see the Management Discussion and Analysis of Noble Iron Inc. at www.SEDAR.com.
About Noble Iron Inc. (TSX VENTURE: NIR)
Noble Iron Inc. operates in three complementary sectors: equipment rental, equipment dealership, and enterprise asset management software for the construction and industrial equipment industry.
The Company operates its equipment rental business and dealerships under the name "Noble Iron", and currently serves customers in California and Texas. Noble Iron offers select manufacturer 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, develops 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 globally.
The Company can be reached at 1-832-767-4424, 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 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.
Noble Iron Inc.
Chief Financial Officer
(832) 767-4424 Ext. 207
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