Texada Software Inc.
TSX VENTURE : TXS

Texada Software Inc.

October 26, 2006 16:15 ET

Texada Software Announces a 38% Increase in Revenue and Results for the Third Quarter of 2006

TORONTO, ONTARIO--(CCNMatthews - Oct. 26, 2006) - Texada Software (TSX VENTURE:TXS), announces today its financial results for the third quarter ending September 30, 2006.

The Company generated total revenues of $1,001,133 for the three-month period ending September 30 2006. These results were 38% higher compared to total revenues of $726,795 for the same period in 2005.

The company generated an operating income / (loss) before amortization, interest expense, foreign exchange, stock based compensation expense, severance expense and income taxes of ($343,828) for the current quarter compared to ($444,693) for the similar period in 2005.

In the second quarter of 2005, the company began a long term investment program in its core technologies. This increased investment in R&D accounted for significantly all the operating loss for the quarter. The company expects a higher level of R & D spending to continue for the next several quarters. The Company's financial results are presented below:



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Thousands of Canadian Dollars Three months ended Three months ended
(except per share amounts) September 30, 2006 September 30, 2005
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Revenue 1,001 727
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Operating Income / (Loss) (344) (445)
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Loss for the Period (819) (707)
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Loss per share $(0.03) $(0.03)
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About Texada Software (TXS: TSX Venture Exchange)

Texada Software, a publicly held North American corporation, is a premier provider of Enterprise Rental Management Systems. With world-wide offices and over 400 customers, its technology-driven software products have been specifically designed to provide solutions for the equipment rental enterprise, and are fully scalable to meet the needs of any size operation. Texada can be reached at 1-800-361-1233 or +1-519-836-7073 or on the internet at www.texadasoftware.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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