Texada Software Inc.

Texada Software Inc.

November 29, 2007 10:39 ET

TEXADA Software Announces Third Quarter, 2007 Results

- Revenue up 11% third quarter 2007 verses 2006. - Company launches new business intelligence product: SYSTEMATIC Dashboard.

TORONTO, ONTARIO --(Marketwire - Nov. 29, 2007) - Texada Software Inc., "Texada," (TSX VENTURE:TXS), announces un-audited financial results for the quarter ending September 30, 2007.

The Company recognized total revenues of $1,111,393 resulting in an operating loss before amortization, interest expense, foreign exchange, stock based compensation expense, severance expense and income taxes of $363,702. Net loss was $647,505 and gross margin was 91.6%. These results compare to total revenues of $1,001,133 and an operating loss before amortization, interest expense, foreign exchange, stock based compensation expense, severance expense and income taxes of $343,828, net loss of $818,506 and gross margin of 91.0% for the same quarter in 2006.

"Two years ago, the company began a significant investment in new technologies. In Q3, we began shipping the first new product resulting from that investment, SYSTEMATIC Dashboard" said Nigel Miller, newly appointed CEO of Texada. " Over the next short while, I will be listening to customers and re-examining our future product strategies, to ensure we deliver value to our customers, implemented in a way which combines the best of the new technologies we have developed with the industry leading software our customers are already using"

The Company's financial results are presented below:

Thousands of Canadian Dollars Three Months Ended September 30th
(except per share amounts)
2007 2006
Revenue 1,111 1,001
Operating Income / (Loss) (364) (344)
Loss for the Period (648) (819)
Loss per share (0.01) $(0.03)

More information may be found at www.sedar.com

About Texada Software (TSX VENTURE:TXS)

Texada Software Inc. is the premier provider of SYSTEMATIC enterprise software solutions for mobile equipment and rental management. 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 400 customers worldwide, resulting in solutions that manage the complete asset life-cycle from acquisition through to disposal. Our customers enjoy the benefits of 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 For product and services information visit www.systematic.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 should consult Texada's ongoing quarterly filings 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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