Texada Software Inc. Announces Results for the Year Ended December 31, 2008

GUELPH, ONTARIO, Apr 29 (MARKET WIRE) --
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:

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

The TSX Venture Exchange
has not reviewed and does not accept 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
Email: bspilak@texadasoftware.com

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