SAN FRANCISCO, CALIFORNIA — (Marketwired) — 04/30/15 — Noble Iron Inc. (“Noble Iron” or the “Company”) (TSX VENTURE: NIR), a company whose businesses include equipment rental, equipment sales and enterprise asset management software for the construction and industrial equipment industry, announces that it anticipates a delay of approximately one week in filing its annual financial statements, management–s discussion and analysis and related officer certifications for the financial year ended December 31, 2014 (collectively, the “Required Filings”) which are required to be filed on or before April 30, 2015.
As discussed in a press release dated January 26, 2015, the Company–s CFO left the company, which has resulted in delays in completing the company–s filing materials.
The Corporation is continuing to work through the outstanding items to complete the annual financial statements and related management–s discussion and analysis and expects to file the Required Filings by May 7, 2015.
In connection with the anticipated delay in filing, Noble Iron has applied to the applicable Canadian securities regulators for the issuance of a management cease trade order which would restrict all trading in securities of the Corporation by the Corporation–s Chief Executive Officer who is also the interim Chief Financial Officer.
The Corporation intends to satisfy the provisions of the alternative information guidelines set out in sections 4.3 and 4.4 of National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults so long as the Required Filings remain outstanding. The Corporation confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.
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.
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.
Contacts:
Noble Iron Inc.
1-832-767-4424
Noble Iron Inc.
Corporate communications
Holly Cravey
(281) 443-7886
Noble Iron Inc.
Corporate communications
Nabil Kassam
(650) 766-9177
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