Texada Software Inc. Announces Significantly Improved Results for the Year Ended December 31, 2009

  Texada Software Inc. ("Texada") (TSX VENTURE: TXS), the premier provider of equipment rental and mobile asset management software, announces today its audited financial results for the year ended December 31, 2009.

For the year ended December 31, 2009, the Company generated total revenues of $4.44 Ml. and income of $0.32 Ml. Adjusted EBITDA (defined as income (loss) for the year 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 $0.56 Ml. These results compare to total revenues of $4.28 Ml., a net loss of $1.68 Ml. and an Adjusted EBITDA loss of $0.71 Ml. for fiscal 2008.

Revenue for 2009 was 3.7% higher than revenue recorded in 2008. The split between license and service revenue remained virtually unchanged in 2009 compared to 2008. Gross profit in 2009 was improved to $3.72 Ml. compared to $3.56 Ml. in 2008 and operating expenses declined by more than $1.1 Ml. resulting in an improvement in Adjusted EBITDA to $0.56 Ml. from a loss of $0.71 Ml. in 2008.

A reduction in interest expense and the expense for accretion on convertible debentures totaling $0.58 Ml. combined with declines in other non-operating expense areas including lease closure, foreign exchange and severance expenses resulted in an overall reduction in non-operating expenses of more than $0.72 Ml., or 75% in 2009. The overall decline in non-operating expenses during the year was achieved despite the non-recurrence of a $0.40 Ml. gain on sale of asset which had been recorded in 2008.

The improved gross profit performance in 2009 combined with the reduction in operating expenses and the decline in non-operating expenses compared to 2008 resulted in Texada achieving net income in all four quarters in the current year and a full year net income of $0.32 Ml. compared to a loss of $1.68 Ml. in 2008.

"We are very proud of Texada's accomplishments in 2009", noted President & Chief Executive Officer Brian Spilak. "The Company achieved record operating results while maintaining a passionate focus on meeting the needs of our customers and employees. The past year was about a concerted focus on the areas that we could influence and control while preparing for the expected economic recovery in 2010. With recent new partnerships into the construction asset management sector and positive changes to the organization and product set, we are optimistic that we will continue to leverage our new operating model to facilitate further profitable growth in the upcoming year. We look forward to many exciting new opportunities, facing new challenges and continuing to enhance the relationships that have served us well in the past year and solidified our business model for the future".

The Company's financial results for 2009 are presented below:

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Thousands of Canadian
 Dollars (except per share       Three Months Ended              Year Ended
 amounts)                               December 31             December 31
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                                   2009        2008        2009        2008
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Revenue                       $   1,019    $    612    $  4,441    $  4,283
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Operating Income (Loss)
 (Adjusted EBITDA)                  160        (684)        562        (712)
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Net Earnings (Loss) for the
 Period                       $     105    $ (1,280)   $    316    $ (1,680)
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Net Earnings (Loss) per
 Share                        $    0.01    $  (0.15)   $   0.04    $  (0.20)
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More information may be found at www.sedar.com.

About Texada Software Inc. (TXS: TSX Venture Exchange)

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.

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. Brian Spilak, President & CEO 1-800-361-1233 x - 2123 [e-mail]