TXS Texada Software Inc.

--  The quarter was highlighted by the successful closing of the acquisition
    of the operating assets of Rolls High Reach ("Rolls"), a four location,
    Southern California based aerial equipment rental operation and the
    closing of a $4.0 Ml. private placement. 
    
    
--  Net earnings for the quarter were $4.4 Ml., including a gain on fair
    value increment on acquisition of $5.2 Ml. relating to Rolls. This
    compared to a net loss of $0.002 Ml. in the third quarter of 2010.
    Adjusted EBITDA (as defined below) was $0.10 Ml. compared to Adjusted
    EBITDA of $0.14 Ml. in 2010. Strategic initiative related expenses were
    $0.19 Ml. in 2011 compared to nil in 2010. 
    
    
--  Subsequent to the quarter end, Texada entered into a multi-year
    extension of its licensing arrangement with PROIV Technology Inc., its
    long standing software development tools provider, further demonstrating
    the Company's strategic intent to remain as a premier provider of
    enterprise asset management software. 
    
    
--  Management has commenced its post acquisition work on the Rolls
    operation. The business generated an Adjusted EBITDA of $0.18 Ml. during
    the one month period from the date of acquisition of August 30, 2011 to
    the end of the quarter compared to $0.13 Ml. in 2010 when Texada did not
    own the business.



Texada Software Inc. ("Texada") (TSX VENTURE:TXS), announces today its unaudited
interim financial results for the three and nine months ended September 30,
2011.


For the quarter ended September 30, 2011, the Company generated total revenues
of $1.9 Ml. and net earnings of $4.4 Ml. Adjusted EBITDA (defined as net
earnings (loss) for the period adjusted for amortization, gain on acquisition
fair value, acquisition expenses, accretion on convertible debt, interest
expense, foreign exchange, and stock based compensation expense) was $0.10 Ml.
including $0.18 Ml. relating to the Rolls acquisition. These results compare to
total revenues of $1.05 Ml., a net loss of $0.002 Ml. and an Adjusted EBITDA of
$0.14 Ml. in 2010. 


Revenue for the current quarter increased by $0.80 Ml. or 79% compared to 2010.
Rolls contributed $0.80 Ml. of revenue in the quarter. Operating expenses
(excluding the effect of gain on fair value increment on acquisition and
business acquisition expenses) increased by $0.93 Ml. in 2011 to $1.7 Ml.
compared to $0.79 Ml. in 2010 due to the addition of Rolls and strategic
initiative expenses of $0.19 Ml. in the quarter compared to nil in 2010.


For the nine month period, the Company had net earnings of $4.1 Ml. including
the $5.20 Ml. gain on fair value increment on the Rolls acquisition. This
compared with net earnings of $0.29 Ml. in 2010. Adjusted EBITDA was $0.02 Ml.
after strategic initiative expenses of $0.53 Ml. and including $0.17 Ml.
relating to the Rolls business. These results compare to Adjusted EBITDA of
$0.55 Ml. in 2010, during which period strategic initiative expenses were nil.


"We are very excited to have completed the Rolls acquisition in the third
quarter and are actively pursuing other opportunities to continue to develop and
grow the Company's equipment rental platform" said William Swisher, Texada's
CEO. He continued, "We are pleased with the one month of operating results for
Rolls which are included in our third quarter and are actively working on
enhancing the equipment rental business strategy and processes for Texada. At
the same time, we are working diligently to identify the next transaction to
enable us to continue to execute on our growth strategy."


"We are pleased with Texada's enterprise software operating performance during
the first nine months of 2011, said President Brian Spilak. "Our extension of
the Company's relationship with PROIV was an important milestone for our
business and provides us with unique operating leverage to continue to
profitably grow our user base worldwide. Our strong foundation of industry
leading technology, personnel and customers will benefit from this initiative
for years to come."


The Company's financial results for the period are presented below:



----------------------------------------------------------------------------
Thousands of Canadian Dollars      Three Months Ended      Nine Months Ended
(except per share amounts)              September 30,          September 30,
----------------------------------------------------------------------------
                                      2011       2010         2011      2010
----------------------------------------------------------------------------
Revenue                           $  1,883   $  1,052    $   4,183$    3,373
----------------------------------------------------------------------------
Operating Income (Adjusted                                                  
 EBITDA)                                96        138           20       554
----------------------------------------------------------------------------
Net Earnings (Loss) for the                                                 
 Period                           $  4,358   $     (2)   $   4,084$      286
----------------------------------------------------------------------------
Net Earnings (Loss) per Share     $   0.17   $  (0.01)   $    0.24$     0.03
----------------------------------------------------------------------------



More information may be found at www.sedar.com

About Texada Software Inc. (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 and forklift fleet rental 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.

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