Texada Software Inc. Announces Results for the Quarter Ended March 31, 2009

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, 2009.


For the quarter ended March 31, 2009, the Company generated total revenues of
$1.19 Ml. and a net income of $0.03 Ml. Adjusted EBITDA (defined as income
(loss) for the period adjusted for amortization, accretion on convertible debt,
interest expense, foreign exchange losses, severance payments, stock based
compensation expense, lease closure expenses and gain on sale of asset) was
$0.10 Ml. These results compare to total revenues of $1.34 Ml., a net loss of
$0.07 Ml. and an Adjusted EBITDA of $0.19 Ml. in 2008. 


Revenue for 2009 was 11.5% lower than revenue recorded in the first quarter of
2008 reflecting a reduction in the sale of new licenses in the quarter compared
to 2008. Operating expenses declined by more than $0.17 Ml. during the quarter.
A reduction in interest expense and accretion on convertible debentures of some
$0.57 Ml. in 2009 offset by a gain on sale of a domain name realized in 2008 of
$0.40 Ml. resulted in an overall decline in non-operating expenses of $0.19 Ml.
in the quarter compared to Q1 2008. 


The three month period ended March 31, 2009 was the first full quarter for
Texada's new senior management team, led by President & Chief Executive Officer
Brian Spilak. During the quarter, management completed a detailed review of the
Company's entire business model, spent considerable time reconnecting with key
customers and focused on expense and cash management.


"We are pleased with our financial results for Q1 2009", noted Brian Spilak. "In
what we expect to be a challenging year, we are excited to be able to get off
with a positive start. We have completed our review of the Company's operations
and developed a sound plan for 2009. The Texada team remains focused on Meeting
and Exceeding Customer Expectations and we will continue to devote substantial
time on maintaining and enhancing our key customer relationships for the balance
of the year."


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



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Thousands of Canadian Dollars
(except per share amounts)                     Three Months Ended March 31
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                                                       2009           2008
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Revenue                                             $ 1,187        $ 1,341
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Operating Income (Adjusted EBITDA)                      103            188
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Income (Loss) for the Period                           $ 28          $ (74)
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Income (Loss) per Share                             $ 0.003       $ (0.009)
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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 on the internet 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.