05/07/12 — Texada Software Inc.(“Texada”, or the “Company”) (TSX VENTURE:TXS), is pleased toannounce record revenues for the three months ended March 31, 2012as outlined above. The Company continues to recognize the year ending December 31,2011 as a critical jumping-off point for Texada and demonstratesthrough its record 2012 first quarter revenues the acceleratedtrajectory of increasing customer satisfaction, growth andshareholder value. “All operating business units experienced strong revenue growthduring the first quarter,” said Willie Swisher, the Company’s ChiefExecutive Officer. “The rental business unit experienced elevatedtime utilization rates during this period, even considering that weadded additional rental fleet late in the fourth quarter of 2011.The software business unit continues to see success in the recentlylaunched “Software as a Service” (“SaaS”) deployment option, asmore and more businesses are turning to in the cloud models formany of their software options. Based on our preliminary resultsfor the first quarter ended March 31, 2012, our expectations are tocontinue to see our initiatives show success throughout the balanceof the year.
We take the recently completed quarter as marketconfirmation of our vision, initiatives and direction and we willcontinue to forge our path forward, together, as a team.” In further expanding the breadth of the Company’s expertise, Texadaannounced that it is pleased that Ron Schwarz, CFA, has acceptedthe Board’s invitation to stand as a nominee to join the Board ofDirectors at the Company’s annual general meeting scheduled forJune 28, 2012. Mr. Schwarz’s background is as an independent investor and capitalmarkets professional with over 20 years of experience as a seniorexecutive within equity research, wholesale banking and assetmanagement. He recently served as Executive Director and Small CapPortfolio Manager with UBS Global Asset Management Canada, where hemanaged a Canadian small cap fund. Previously, Mr.
Schwarz wasCIBC’s Managing Director and Head of Canadian Cash Equities, whichencompassed the bank’s equity sales, trading, research and primebrokerage businesses. Mr. Schwarz’s expertise is centered oncapital markets and corporate strategy. “As we continue executing multiple strategic initiatives, includingexisting and new business expansion,” said Nabil Kassam, ExecutiveChairman, “Ron’s participation will significantly catalyze ourability to continue building a remarkable and enduring company.”Mr. Rolled Aluminum Plate
Kassam concluded, “we are fortunate to have Ron’s contributiongoing forward as we chart the future of Texada.” The financial information in respect to revenues for the periodsset out in this new release is presented on a basis consistent withthe accounting principles used to prepare Texada’s most recentlyfiled financial statements. Readers are advised that the Companyfaces various risk factors with respect to its business andoperations. Further information is available in the Company’sManagement Discussion and Analysis available at . About Texada Software Inc. (TSX VENTURE:TXS) Texada Software Inc. Aluminum Embossed Sheet
operates in two complementary businesses,enterprise asset management software and equipment rental. Texada’s enterprise software business continues as the premierprovider of equipment asset management software solutions forequipment rental, dealership and construction companies. Texada’ssolutions are fully flexible and scalable to meet the unique needsof any sized operation and are backed by proven implementation,services and support. Texada’s market-driven software productscombine knowledge and best practices from over 5,000 usersworldwide, resulting in solutions that manage the complete assetlife-cycle from acquisition through to disposal. Aluminium Strip Coil
The Company, through its wholly owned US equipment rentalsubsidiary, Noble Rents, Inc., conducts business as Rolls HighReach at four locations in Southern California with over 7,000customers and a wide range of rental fleet units. Texada can be reached at 1-800-361-1233 or 1-519-836-7073, or at. This news release may contain forward-looking statements whichreflect 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 orresult “may”, “will”, “should”, “could” or “might” occur or beachieved and other similar expressions. These forward-lookingstatements involve risk and uncertainties, including the difficultyin predicting acceptance of and demands for new products, theimpact of the products and pricing strategies of competitors,delays in developing and launching new products, fluctuations inoperating results and other risks, any of which could causeresults, performance, or achievements to differ materially from theresults discussed or implied in the forward-looking statements.Many risks are inherent in the industry; others are more specificto the Company.
Texada’s ongoing quarterly filings should beconsulted for additional information on risks and uncertaintiesrelating to these forward-looking statements. Investors should notplace undue reliance on any forward-looking statements. Managementassumes no obligation to update or alter any forward-lookingstatements whether as a result of new information, further eventsor otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy ofthis release.
Contacts: Corporate communications contact: Texada Software Inc. Jim McInnis Chief Financial Officer 1-800-361-1233 x 2104 Copyright @ Marketwire.