Aug. 5, 2014
*Houston, Texas – Noble Iron Inc. (the “Company”, NIR:TSX Venture Exchange) announces the election of Laurence Sellyn to its Board of Directors. Mr. Sellyn is the Executive Vice President, Chief Financial and Administrative Officer of Gildan Activewear Inc., publicly listed under the symbol GIL and traded on the NYSE and the Toronto Stock Exchange. Gildan is a leading manufacturer and supplier of apparel under company-owned brands and holds licenses for multiple brands such as Under Armour® and New Balance®.
Nabil Kassam, Noble Iron’s Founder, Chairman and CEO, commented, “Over his tenure at Gildan, Laurence helped lead the company’s transition from an early stage, family-owned organization to become a dominant global apparel supplier and a public company with a market capitalization of $7.9 billion. Laurence brings a wealth of experience in managing growth and building scalable organizations. He also possesses the entrepreneurial acumen to identify and capitalize on innovative opportunities. We are thrilled to have Laurence on Noble Iron’s board.”
Other directors that were re-elected to Noble Iron’s board at its Annual General Meeting held in July 2014 include Malcolm Hunter, Harry Jaako, Nabil Kassam, Samir Manji, Aly G. Mawji, William Palmer, and Ron Schwarz.
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 and Allied Construction Products 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.
For further information please see the Management Discussion and Analysis of Noble Iron Inc. at www.SEDAR.com.
Corporate communications contacts:
Chief Financial Officer
Noble Iron Inc.
t: (832) 767-4424 Ext. 207
Founder, Chairman & CEO
Noble Iron Inc.
t: (650) 766-9177
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.
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