Noble Iron Provides Update on Significant Software Customer
15 Octubre 2012 - 3:55PM
Marketwired Canada
Noble Iron Inc. ("Noble" or the "Company") (TSX VENTURE:NIR) today announced
that a significant software customer will migrate their Texada Software serviced
locations to the software platform currently being utilized within their parent
company's business. The Company plans to assist the customer with this software
migration, anticipated to be completed by the end of the second quarter of 2013.
This software customer's recurring revenue with the Company equates to
approximately 3% of the Company's 2012 gross revenues, while their 2012 one-time
new license and associated service revenue represent approximately 6% of the
Company's 2012 gross revenues.
Brian Spilak, President of Texada Software, stated, "Texada's initiatives over
2012 have included the development of unique SaaS (Software as a Service)
applications offered to a larger breadth of potential customers, including
equipment rental companies, dealerships, contractors and other users of
construction and industrial equipment. We intend to work closely with this
customer to structure the transition costs and process in order to assist the
migration to their parent company's software system." He continued, "Our focus
is on supporting our existing customers, while also growing the business. We are
pursuing a number of significant opportunities in North America and
internationally."
"The Company is committed to its software division, Texada", said Willie
Swisher, President and CEO of Noble Iron. He continued, "we fully support Brian
and the Texada Software team as they develop innovative applications, and pursue
new opportunities that are available to the Company."
More information about the Company can be found 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 software for the construction and industrial
equipment industry.
The Company operates its equipment rental business and dealership under the name
"Noble Iron." Noble Iron rental depots currently serve customers in California
and Texas. Noble Iron's dealership offer 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, 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.
Noble Iron 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
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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