Texada Completes the Acquisition of Bane Machinery in Houston, Texas
FOR: TEXADA SOFTWARE INC.
JUL 9, 2012 - 20:01 ET
TORONTO, ONTARIO--(Marketwire - July 9, 2012) - Texada Software Inc. (TSX VENTURE:TXS), soon to be renamed Noble Iron Inc. (the "Company"), is pleased to announce the closing of an Asset Purchase Agreement (the "Agreement") to acquire assets of Bane Machinery Houston LP located in Houston, Texas. The transaction was completed by a wholly owned U.S. subsidiary of the Company.
Along with the purchase of certain Bane assets, including earth moving equipment, the Company retained all employees and an extensive, active customer list. In addition, the Company entered into a lease on the property currently occupied by Bane Machinery's Houston operations. The total consideration for the acquisition was approximately $2.2 Ml. U.S.
More information may be found at www.sedar.com.
About Texada Software Inc. (TSX VENTURE:TXS)
Texada Software Inc., soon to be renamed Noble Iron Inc., operates in three complementary businesses, equipment rental, equipment dealership and enterprise software for the construction and industrial equipment industry.
The Company, through its wholly owned subsidiaries, is expanding its geographical presence. Noble Rents, the Company's equipment rental business, serves California and Texas. Noble Equipment is the Company's dealership business, and is the exclusive distributor of LiuGong Construction Machinery equipment in Southeast Texas.
The Company's software division, Texada Software, offers enterprise software for rental and other applications in the construction and industrial equipment industry. Texada's solutions help customers manage activities throughout the complete life-cycle from acquisition to disposal of equipment assets. Offered both in-the-cloud or client-based, Texada's software products are fully scalable to meet the needs of any sized operation and combine knowledge and best practices from over 5,000 users worldwide.
Texada 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. Texada'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.