Texada Plans Name Change to Noble Iron Inc. and Consolidation of Its Common Shares on Monday, July 23, 2012
FOR: TEXADA SOFTWARE INC.
JUL 19, 2012 - 10:28 ET
GUELPH, ONTARIO--(Marketwire - July 19, 2012) - TEXADA SOFTWARE INC. (the "Company" or "Texada") (TSX VENTURE:TXS), intends to change its name to "Noble Iron Inc." (the "Name Change") and to begin trading under the ticker symbol, "NIR", on Monday, July 23, 2012. Following the Name Change, the Company's software division will continue operating under the brand name "Texada Software".
The Company also plans to consolidate its outstanding common shares (the "Common Shares") on the basis of one (1) new Common Share for every (5) five old Common Shares (the "Consolidation"), on the same day as the Name Change, Monday, July 23, 2012. Currently, the Company has 85,908,184 Common Shares issued and outstanding. After giving effect to the Consolidation, it expects to have approximately 17,181,636 Common Shares issued and outstanding.
The Company received approval of its shareholders authorizing the Board of Directors to effect the Name Change and Consolidation at its annual general meeting held on June 28, 2012.
A letter of transmittal was mailed to all registered shareholders on June 4, 2012 to be used to return all existing Common Share certificates to the Company's transfer agent, Computershare Investor Services Inc., in order to receive new share certificates reflecting the Consolidation and Name Change. If you hold securities of Texada through a brokerage account, please consult your broker for additional information.
The Name Change and Consolidation are both subject to TSX Venture Exchange ("TSXV") approval.
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. (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 and dealership businesses 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 enterprise software to manage the complete equipment ownership lifecycle, from acquisition, rental, sales and other activities, through to disposal. Texada Software is offered in-the-cloud or client-based, 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. 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.