Texada Software Inc.

Texada Software Inc.

November 09, 2011 18:09 ET

Texada Software Inc. Announces Extension of Licensing Agreement with PROIV Technology LLC

GUELPH, ONTARIO--(Marketwire - Nov. 9, 2011) - Texada Software Inc. (TSX VENTURE:TXS) (the "Company") announced today that it has completed a multi year extension of its licensing agreement with PROIV Technology LLC ("PROIV"). PROIV provides software rapid application development tools to Texada. The companies have been strategic partners since 1992.

"We are very pleased to enter into this multi-year extension with PROIV," said Brian Spilak, Texada's President. "PROIV has been a very valuable partner with us for many years and we look forward to working with them to further enhance our platform to enable us to provide optimal business solutions to our customers in the future." He added, "this commitment by Texada reaffirms our strategic intent to continue as an industry leading provider of asset based system solutions to our existing customers and to continue to expand our installation base for the benefit of all our stakeholders."

Andy Downer, PROIV's Vice President & General Manager added, "Texada has been an exceptional partner of PROIV for many years and we are excited to be formalizing our long term commitment to each other with this extension. PROIV's strengths allow our customers to create powerful user interfaces using the PROIV Client which can be mirrored in a web browser using PROIV Open Client, removing the need to install software on each users workstation. Matching these attributes with Texada's asset management knowledge and experience offers existing and potential new users proven solutions to run their businesses effectively."

About NorthgateArinso

PROIV is a wholly owned subsidiary of NorthgateArinso which is the specialist HR, Payroll and Reward division of Northgate Information Solutions. PROIV supplies technology solutions to companies and partnerships around the globe. NorthgateArinso is a leading solution provider to all organizations from SMEs through to large blue chip and public sector bodies and also for any HR requirement, from a stand-alone training solution to a comprehensive fully integrated HR, Payroll and Pension management solution. All of which are available through a range of deployment options.

About Texada Software (TSX VENTURE:TXS)

Texada Software Inc. operates in two complementary businesses, enterprise asset management software and equipment rental.

Texada's enterprise software business continues as the premier provider of 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 enterprise software's customers enjoy the many benefits of this enhanced efficiency through better asset utilization, effective location tracking, and optimized scheduling.

The Company, through its wholly owned US equipment rental subsidiary, conducts business as Rolls High Reach at four locations in Southern California with a wide range of over 1,000 aerial fleet units.

Texada can be reached at 1-800-361-1233 or 1-519-836-7073, or 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor PROIV accepts responsibility for the adequacy or accuracy of this release.

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