TORONTO, ONTARIO , the premier provider of equipment rental and mobile asset management software, announces today its unaudited interim financial results for the first quarter ending March 31, 2008.

For the first quarter ended March 31, 2008, Texada generated total revenues of $1,341,021 and a loss for the period of $74,300. Adjusted EBITDA (defined as loss for the period adjusted for amortization, accretion on convertible debt, interest expense, foreign exchange losses, stock based compensation expense, and gain on sale on intangible assets) was $187,813. These results were a significant improvement as compared to Q1 2007 total revenues of $1,027,424, a loss for the period of $457,412 and an Adjusted EBITDA loss of $328,339.

Revenue in Q1 2008 was 31% higher than revenue recorded in Q1 2007. The reason for the substantial increase in revenue included the deferral of implementation and delivery on one large contract and four smaller contracts from Q4 of 2007, the addition of a number of new customer contracts and upgrades completed in the quarter, and increases in implementation and recurring support revenues.

A number of accomplishments during the first three months of 2008 contributed to Texada Software's improving balance sheet, operating results and cash flow. These included converting the majority of its $1,100,000 of existing debt to equity, raising and additional $500,000 of capital through the issuance of new convertible debentures and in March 2008 selling one of its internet domain names for $400,000 in cash.

"Significant cost reductions and increased revenues for the quarter combined with a strong focus on customer requirements and efficient installations have resulted in greatly improved operating results," said Nigel Miller, CEO of Texada. "We expect to continue to improve our financial position and operating results while we continue to develop and deliver cost-effective enhancements to our software technology in a fiscally responsible way."


The Company's financial results are presented below:

----------------------------------------------------------------------
Thousands of Canadian Dollars              Three Months Ended March 31
(except per share amounts)
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                                                       2008       2007
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Revenue                                            $  1,341   $  1,027
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Operating Income (Loss)                                 188       (328)
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Loss for the Period                                     (74)      (457)
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Loss per share                                     $ (0.001)  $  (0.01)
----------------------------------------------------------------------

More information may be found at www.sedar.com.

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.

Contacts: Corporate communications contact: TEXADA Software Inc. Nigel Miller, CEO 1-800-361-1233 x 2120 or (519) 840-2120 Email: nmiller@TEXADAsoftware.com Website: www.texadasoftware.com

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