Texada Software Inc. Announces William Swisher Appointment as CEO and Nabil Kassam Appointment as Director

Texada Software Inc. (TSX VENTURE:TXS), the premier provider of equipment rental
and mobile asset management software, is pleased to announce that William
Swisher, a director of the Company, has been appointed as Chief Executive
Officer of the Company effective today. The Company and Mr. Swisher intend to
complete an employment agreement in the near term. 


In connection with his appointment as CEO, Mr. Swisher will purchase from the
Company 2,000,000 common shares at a price of $0.10 per share and has been
granted 1,000,000 options to purchase common shares of the Company at a price of
$0.10 per share for a period of 10 years from the date of grant, subject to all
required regulatory, stock exchange and shareholder approvals. Concurrently with
the placement of common shares of the company to Mr. Swisher, Brian Spilak, the
President and a director of the Company, will purchase 350,000 common shares at
a price of $0.10 per share. The issuance of all such securities to Mr. Swisher
and Mr. Spilak is subject to the receipt of all required regulatory, shareholder
and TSX Venture Exchange ("TSXVE") approvals.


The Board of Directors of the Company has approved amendments to its stock
option plan to provide for a fixed number of options available to be granted
under the plan equal to 20% of the then issued and outstanding common shares
after the completion of the private placement to Mr. Swisher and Mr. Spilak
noted above. The amended stock option plan shall be in effect after such private
placement (the "Effective Date"); however the plan is also subject to
shareholder approval and will be put before the shareholders for consideration
at the next annual meeting of the Company. 


In addition, the Company is pleased to announce that Nabil Kassam has been
appointed as a director. Mr. Kassam is Managing Director of Zynik Capital
Corporation a Vancouver, Canada based private equity firm. Contemporaneously
with his appointment as a director, Mr. Kassam has been retained on a
consultancy basis and granted 500,000 options to purchase common shares of the
Company at a price of $0.10 per share for a period of 10 years from the date of
grant, subject to all required regulatory and stock exchange approvals to assist
the Company with its expansion plans. 


In addition to the option grants above, the Corporation has granted 175,000
options to a director of the Company at a price of $0.10 per share for a period
of 10 years from the date of grant, subject to all required regulatory, stock
exchange and shareholder approvals. All grants of stock options described in
this press release will be effective on the Effective Date and shall be subject
to the receipt of required shareholder, regulatory and TSXVE approvals.


In addition, the Company is pleased to announce that it will amend its currently
issued and outstanding stock options to increase the maximum term of all such
existing outstanding stock options to a total of 10 years from the date of grant
from the current 5 years, subject to the receipt of the required approvals by
the shareholders and the TSX Venture Exchange.


"I am pleased to be expanding my role from Chairman to include the position of
Chief Executive Officer. With the tremendous success that Brian and the team
have achieved over the past two years, I hope only to complement their efforts.
Brian remains President and will continue to have full authority on running day
to day operations, customer relations and product development. My focus will be
on long term business expansion opportunities and improving shareholder value.
We believe the Company's current share price is undervalued by the marketplace
when looking at several metrics of the business that I hope to highlight in the
coming months and quarters. Additionally, the Board has encouraged management to
investigate business expansion opportunities, including the potential
acquisition of related businesses. We believe the pursuit of both of these
objectives will provide our existing and future customers with enhanced services
and product offerings", said Mr. Swisher.


Brian Spilak added, "I look forward to having Willie on the Texada team
assisting me in building a world class company and improving shareholder values.
Working with both Willie and Nabil in their new capacities will be exciting and
provide the Company, its employees and customers a strong value proposition. The
dedicated Texada team will continue to focus on providing value based products
and services to our industry leading customer base."


About Texada Software (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 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.


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.