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TXS Texada Software Inc.

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Share Name Share Symbol Market Type
Texada Software Inc. TSXV:TXS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

TEXADA Software Inc. to Continue to Ontario and Consolidate Its Outstanding Common Shares

30/10/2008 10:39pm

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TEXADA SOFTWARE INC. (TSX VENTURE: TXS) ("Texada" or the "Company") announces that it intends to continue to Ontario (the "Continuance") from British Columbia and consolidate its outstanding common shares on the basis of one (1) new common share for every ten old common shares (the "Consolidation").

Currently, the Company has 87,673,495 common shares issued and outstanding. After giving effect to the Consolidation, it expects to have approximately 8,767,350 common shares issued and outstanding. The Company expects to complete the Continuance immediately prior to the Consolidation. Management believes that the Consolidation is necessary to provide the Company with an outstanding share capital number that will better attract capital financing and that will provide future growth opportunities for shareholders on their investment.

Texada received the approval of its shareholders to effect the Continuance and Consolidation at its annual and special meeting held on July 15, 2008.

The board of directors of the Company has approved the Continuance and Consolidation. Completion of the Continuance and Consolidation is subject to approval by the TSX Venture Exchange and the receipt of any required regulatory approvals.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

About Texada

Texada Software Inc. is the premier provider of enterprise software solutions for mobile equipment and rental management. Texada's solutions are fully flexible and scalable to meet the unique needs of any sized operation and are backed by proven implementation, services and support.

Texada's market-driven software products combine knowledge and best practices from over 400 customers worldwide, resulting in solutions that manage the complete life-cycle from acquisition through to disposal, Our customers enjoy the benefits of enhanced efficiency through better asset utilization, effective location tracking, and optimized scheduling.

Texada can be reached at 1-800-361-1233 or +1-519-836-7073, or on the internet at www.texadasoftware.com.

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements based on management's current projections, beliefs and opinions at the date of this news release. Actual results could differ materially from those anticipated in the statements due to risks and uncertainties which affect the Company's business and operations. Reference should be made to the Company's continuous disclosure documents filed from time to time with Canadian securities regulatory authorities for a detailed description of such risks and uncertainties. The Company takes no responsibility to update forward-looking statements if circumstances or management's projections, beliefs or opinions change other than as required by applicable laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: TEXADA Software Inc. Nigel Miller CEO 1-800-361-1233 x 2120 or (519) 840-2120 Email: nmiller@TEXADAsoftware.com Website: www.texadasoftware.com

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