Texada Software Inc.
TSX VENTURE : TXS

Texada Software Inc.

August 04, 2006 17:03 ET

Texada Software Announces Results for the Second Quarter of 2006

TORONTO, ONTARIO--(CCNMatthews - Aug. 4, 2006) - Texada Software (TSX VENTURE:TXS), announces today its financial results for the second quarter ending June 30, 2006.

The Company generated total revenues of $948,384 for the three-month period ending June 30, 2006 resulting in an operating income / (loss) before amortization, interest expense, foreign exchange, stock based compensation expense and income taxes of ($434,034). These results compared to total revenues of $918,371 and an operating income / (loss) before amortization, interest expense, foreign exchange, stock based compensation expense and income taxes of ($102,995) for the same period in 2005.

In the second quarter of 2005, the company began a program to re-invest in its core products with a substantial focus on R&D. The company has identified an opportunity to expand its product offerings to meet the needs of new and existing customers in the rental management and asset management space. In February, 2006, the company announced an additional $1,100,000 in financing, to be used to develop the next version of the company's core product.

"We have made excellent progress in our technology investment program. We are working closely with our major customers and prospects to ensure that what we are doing is truly innovative and exceptionally valuable to the market." said Don Whitbeck, CEO of Texada.

The increased investment in R&D accounted for 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) June 30,2006 June 30,2005
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Revenue 948 918
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Operating Income/(Loss) (434) (103)
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Loss for the Period (976) (371)
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Loss per share $(0.03) $(0.01)
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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.
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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