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 the year ended December 31, 2010. 


For the year ended December 31, 2010, the Company generated total revenues of
$4.45 Ml. and net earnings of $0.30 Ml. Adjusted EBITDA (defined as net earnings
for the year adjusted for amortization, accretion on convertible debt, interest
expense, foreign exchange, stock based compensation expense and lease closure
settlements) was $0.69 Ml. These results compare to total revenues of $4.44 Ml.,
net earnings of $0.32 Ml. and Adjusted EBITDA of $0.56 Ml. for fiscal 2009. 


Revenue for 2010 was consistent with that recorded in fiscal 2009. The split of
license revenue as a percentage of total revenue increased marginally in 2010
compared to 2009. Gross profit in 2010 improved to $4.0 Ml. compared to $3.7 Ml.
in 2009 and operating expenses increased by $0.16 Ml. or 5.0% in the year. 


A reduction in amortization expense of $0.04 Ml. was offset by a foreign
exchange loss of $0.02 Ml. compared to a gain in 2009 of $0.03 Ml., an increase
in stock-based compensation expense of $0.03 Ml. and the non recurrence of a
lease settlement gain of $0.09 Ml. which resulted in an overall increase $0.15
Ml. in non-operating expenses during the current year.


The improved gross profit performance in 2010 combined with the increase in
operating expenses of $0.16 Ml. and the increase in non-operating expenses
compared to 2009 resulted in Texada achieving a small decline in net earnings in
the current year of $0.015 Ml.


"Our 2010 operating results, achieved during a very challenging twelve months
for our key customer base of equipment rental and software expenditures in
general, are a testament to our outstanding contingent of dedicated staff and
service providers", commented Brian Spilak, Texada's President. He added, "We
are proud of these results which build on our operating turnaround commenced in
2009, with Adjusted EBITDA improving by more than 23% in the current year".


Chief Executive Officer Willie Swisher added, "Texada's management team
delivered another strong year in 2010 and we thank everyone for their efforts
and our customers for their ongoing support. We look forward to expanding the
Company's platform in 2011 as economic conditions improve throughout our
marketplace."


The Company's financial results for 2010 are presented below:



----------------------------------------------------------------------------
Thousands of Canadian Dollars       Three Months Ended            Year Ended
(except per share amounts)                 December 31           December 31
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                                       2010       2009       2010       2009
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Revenue                           $   1,074  $   1,019  $   4,447  $   4,441
----------------------------------------------------------------------------
Operating Income                                                            
(Adjusted EBITDA)                       140        160        693        562
----------------------------------------------------------------------------
Net Earnings for the Period       $      16  $     105  $     301  $     316
----------------------------------------------------------------------------
Net Earnings per Share            $   0.002  $    0.01  $    0.03  $    0.04
----------------------------------------------------------------------------



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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