Texada Software Inc. Announces Operating Results for the Quarter Ended March 31, 2011:

   Texada Software Inc. ("Texada") (TSX VENTURE: TXS), the premier provider of equipment rental and mobile asset management software, announces today its unaudited interim financial results for the three months ended March 31, 2011. This is the Company's first reporting period under International Financial Reporting Standards ("IFRS").

For the quarter ended March 31, 2011, the Company generated total revenues of $1.1 Ml. and a net loss of $0.17 Ml. Adjusted EBITDA (defined as net earnings (loss) for the period adjusted for amortization, accretion on convertible debt, interest expense, foreign exchange, and stock based compensation expense) was a loss $0.06 Ml. These results compare to total revenues of $1.20 Ml., net earnings of $0.15 Ml. and an Adjusted EBITDA of $0.23 Ml. in 2010.

Revenue in the current quarter was $0.10 Ml. below that attained in 2010. This shortfall was attributable to a decline in license revenue in 2011 from software version upgrades of $0.19 Ml. partially offset by an increase in new license revenue of $0.08 Ml. compared to fiscal 2010. This reduction in license revenue resulted in a corresponding $0.10 Ml. decline in gross profit in the quarter. Operating expenses increased by $0.18 Ml. in 2011, with $0.11 Ml. of the increase relating to strategic initiative expenses which did not commence until the fourth quarter of 2010. The balance of the increase relates to other personnel expenses. Non-operating expenses, which under IFRS are financing related, increased to $0.09 Ml. form $0.06 Ml. due to an increase in foreign exchange expense in the current year compared to the first quarter of 2010.

"Our first quarter operating results were negatively affected by a decline in licence revenue", said President Brian Spilak. "The shortfall in profitable software upgrade revenue was offset to some extent by revenue from new licences but on a combined basis had a $0.10 Ml. effect on our Adjusted EBITDA and net earnings performance in the quarter. We see new opportunities in the market for the balance of 2011 and with our strong foundation of industry leading technology, personnel and customers we look forward to improving our operating results in future quarters."

"We continue to explore new opportunities to profitably expand Texada's business" said William Swisher, the Company's CEO. He continued, "We look forward continuing with this important initiative in the second quarter and the balance of Texada's fiscal 2011."

The Company's financial results for the quarter are presented below:

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Thousands of Canadian Dollars                  Three Months Ended March 31,
(except per share amounts)
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                                                        2011            2010
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Revenue                                         $      1,102   $       1,204
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Operating Income (Adjusted EBITDA)                       (79)            210
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Net Earnings (Loss) for the Period              $       (166)  $         143
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Net Earnings (Loss) per Share                   $     (0.013)  $       0.017
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More information may be found at www.sedar.com.

About Texada Software Inc. (TSX VENTURE: TXS)

Texada Software Inc. is the premier provider of enterprise software solutions for equipment rental and mobile equipment. 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 5,000 users worldwide, resulting in solutions that manage the complete asset life-cycle from acquisition through to disposal. The Company's customers enjoy the many benefits of this 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 at www.texadasoftware.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. Investors 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Corporate Communications Contact: Texada Software Inc. Jim McInnis CFO 1-800-361-1233 x - 2104 [e-mail]