TXS Texada Software Inc.

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 2008.


For the year ended December 31, 2008, the Company generated total revenues of
$4.28 Ml. and a net loss of $1.68 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 a loss of $0.71
Ml. These results compare to total revenues of $4.0 Ml., a net loss of $3.3 Ml.
and an Adjusted EBITDA loss of $1.41 Ml. for fiscal 2007.


Revenue for 2008 was 6.1% higher than revenue recorded for fiscal 2007. The
split between license and service revenue remained virtually unchanged in 2008
compared to 2007. Gross profit in 2008 was consistent with 2007 at $3.56 Ml.
while operating expenses declined by more than $0.70 Ml. resulting in an
improvement in Adjusted EBITDA loss of an equal amount during 2008. A larger
reduction in the expense for accretion on convertible debentures and the gain on
sale of a domain name in the year resulted in a decline in non operating
expenses of more than $0.90 Ml., resulting in a decline in the net loss for the
year to $1.68 Ml. from $3.3 Ml. in 2007.


The quarter ending December 31, 2008 saw Texada close a convertible debenture
financing which provided significant additional working capital and make a
number of changes to its senior management team, including the appointment of
Brian Spilak as President & Chief Executive Officer. As the year came to a
close, several important steps were taken to further align the Company's cost
structure to its revenue streams and the new management team instituted a
renewed focus on revitalizing relationships with key customers. Coupled with
these actions, a detailed review of the Company's entire business model and
processes was commenced late in the quarter in order to properly position Texada
for 2009.


"While the fourth quarter of 2008 may have been disappointing for Texada from a
financial results perspective", notes Brian Spilak, "we enter 2009 with a very
healthy customer base, a strong slate of products and services, exceptional
partnerships and a Texada team with renewed focus on Meeting and Exceeding our
Customer's Expectations. It is with this re-energized customer focus that we
look forward to building momentum and further extending our feature rich product
set into a growing market leadership position".




The Company's financial results are presented below:

----------------------------------------------------------------------------
Thousands of Canadian Dollars             Three Months           Year Ended
(except per share amounts)           Ended December 31          December 31
----------------------------------------------------------------------------
                                      2008        2007       2008      2007
----------------------------------------------------------------------------
Revenue                               $612       $ 689    $ 4,283   $ 4,036
----------------------------------------------------------------------------
Operating Loss (Adjusted EBITDA)      (684)       (473)      (712)   (1,407)
----------------------------------------------------------------------------
Net Loss for the Period             (1,280)     (1,316)    (1,680)   (3,300)
----------------------------------------------------------------------------
Loss per share                     $ (0.15)    $ (0.20)   $ (0.20)  $ (0.63)
----------------------------------------------------------------------------



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.

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