Texada Software Inc.
TSX VENTURE : TXS

Texada Software Inc.

July 16, 2008 23:30 ET

TEXADA Software Inc. Announces Results of Board Elections at Annual General Meeting

ONTARIO, CANADA--(Marketwire - July 16, 2008) - TEXADA Software Inc. (TSX VENTURE:TXS), the premier provider of equipment rental and mobile asset management software, is pleased to announce the election of the following board members at the Company's annual general meeting held on July 15, 2008: Steven Lamb, James Lolley, James McInnis, Brian Pedlar, Harry Jaako, Don Whitbeck and Nigel Miller.

Brian Pedlar was appointed by Texada's directors to serve as Chairman of the board. Mr. Pedlar is President and Chief Executive Officer of Pedlar Ventures, a private investment and consulting business. Previously, Mr. Pedlar held several public company executive roles, including President of Cedara Software Corp. Prior to being appointed as President, Mr. Pedlar was Chief Financial Officer of Cedara during its successful turn-around.

Mr. Pedlar takes over as Chairman from Steven Lamb, who served as Texada's Chairman since 2006. Mr. Lamb has graciously agreed to continue to serve as a director of the Company.

"On behalf of the entire board and shareholders, I would like to thank Steven Lamb for his hard work and guidance as chairman of the Company for these past several years", said Brian Pedlar. "Steven has dedicated a significant amount of time to helping Texada and the Company has benefited greatly from his experience and wisdom. Texada is fortunate to have Steven continue as an active board member with the Company."

Iqbal Kassam chose to retire from the board of directors and not stand for re-election at the annual general meeting. Mr. Kassam has been an active director of the Company since going public in 2002 and previously when it was a private company.

"As outgoing chair of the board, I would like to thank Iqbal for his service as a board member of Texada", said Steven Lamb. "Under Iqbal's strategic guidance as an active member of our board, Texada has grown into a leading provider of asset management software with over 400 customers. Texada has benefited tremendously from Iqbal's experience in the rental asset management market and his sound business judgment over the years."

"The board met following the annual meeting and discussed priorities for the upcoming year", said Brian Pedlar. "I am very excited about Texada's prospects notwithstanding the challenging economy we are facing. I have worked closely with Nigel Miller, the Company's CEO over the past six months and I continue to be impressed with his commitment, experience and leadership. Texada has a loyal customer base that has responded positively to recent product enhancements released over the last several months. We have a talented, hard-working group of employees and a dedicated and experienced board of directors. These assets are important building blocks towards increasing shareholder value and I look forward to working with Nigel and Texada's talented board of directors to make this happen over the coming year."

About Texada Software (TSX VENTURE:TXS)

Texada Software Inc. is the premier provider of 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.

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. 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. Other than as required by applicable law, management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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