Texada Software Inc.
TSX VENTURE : TXS

Texada Software Inc.

February 21, 2007 16:30 ET

Texada Software Inc. Announces $1M Private Placement Offering

TORONTO, ONTARIO--(CCNMatthews - Feb. 21, 2007) - Texada Software Inc. ("Texada" or the "Company") (TSX VENTURE:TXS) announced today its intention to raise additional capital through a non-brokered private placement offering (the "Offering") of up to 14,500,000 units ("Units") at a price of $0.07 per Unit for aggregate gross proceeds of up to $1,015,000. Each Unit consists of one common share of Texada (a "Common Share") and one half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at a price of $0.10 for a period of two years from the date of issue. The Offering is expected to close within 30 days. The net proceeds of the Offering will be used to fund R & D investment in the Company's core product and for additional working capital.

It is expected that insiders of the Company will be participating for greater than 25% of the Offering, on the same terms as arm's length investors. The Company expects that it will be eligible for certain exemptions to the formal valuation and majority of the minority shareholder approval requirements under Exchange policies and applicable securities laws. The Offering may close within 21 days of the date of filing of a material change report in connection with the closing, if management of Texada determines it is reasonable or necessary in the circumstances.

About Texada Software

Texada Software Inc., a publicly held North American corporation, is a premier provider of Enterprise Rental Management Systems. With world-wide offices and over 400 customers, its market-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.

Contact Information