Texada Software Inc.

Texada Software Inc.

September 15, 2011 17:01 ET

Texada Software Inc. Announces Final Closing of $4,000,000 Private Placement

GUELPH, ONTARIO--(Marketwire - Sept. 15, 2011) -


Texada Software Inc. (TSX VENTURE:TXS) (the "Company") is pleased to announce that, further to its press releases dated August 2, 2011 and August 30, 2011, the Company today completed the final closing (the "Final Closing") of its previously announced fully subscribed $4,000,000 non-brokered private placement (the "Private Placement"). The Company issued 2,500,000 common shares (the "Common Shares") today at a price of $0.10 per share for gross proceeds of $250,000. On August 30, 2011 the Company announced it had issued 37,500,000 Common Shares at a price of $0.10 for gross proceeds of $3,750,000 (the "Initial Closing").

The Common Shares issued in connection with the Initial Closing and Final Closing are subject to hold periods of four months and one day from the respective dates of distribution under applicable securities laws and stock exchange rules. The Private Placement is subject to receipt of final TSX Venture Exchange approval.

About Texada Software Inc. (TSX VENTURE:TXS)

Texada Software Inc. operates in two complementary businesses, enterprise 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. Ongoing public 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) accepts responsibility for the adequacy or accuracy of this release.

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