Texada Software Inc. Announces Shares for Debt Transaction, $500,000 in Additional Financing

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Texada Software Inc. ("Texada" or the "Company") (TSX VENTURE:TXS). Texada announced today that it will be seeking to settle aggregate indebtedness in the approximate amount of $1,281,000 by way of the issuance of approximately 25.6 million common shares of the Company at a deemed settlement price of $0.05 per share (the "Shares for Debt Transaction"). The debt was incurred upon issuance of $1.1 million principal amount of secured convertible debentures on February 28, 2006, which debentures carry a maturity date of January 31, 2008. The Company expects to complete the Shares for Debt Transaction on the maturity date, subject to completion of documentation acceptable to Texada and the debenture holders.

Texada also announced today a private placement (the "Private Placement") of units (the "Units") of Texada for gross proceeds of $500,000. "The proceeds of the Private Placement will be used for working capital and the continued execution of our sales and marketing plan." said Nigel Miller, CEO of Texada. "I expect that the sales growth we experienced 2007 to continue in 2008, with improved profitability."

It is anticipated that insiders of Texada will be subscribing for greater than 25% of the Private Placement, on the same terms as arm's length investors. The Private Placement is expected to close on or about December 31, 2007, and may close within 21 days of the date of filing of a material change report in connection with the closing if management of Texada determines it is reasonable or necessary in the circumstances.

Each Unit consists of $1,000 principal amount 10% senior secured convertible debentures (the "Debentures") and 10,000 warrants (the "Warrants"). The Debentures will mature on November 30, 2009 (the "Maturity Date") and are convertible at the holder's option into common shares (the "Common Shares") of Texada at any time prior to the Maturity Date at a conversion price of $0.05 per Common Share. Conversion may be forced in certain circumstances. Each Warrant entitles the holder to acquire one Common Share at any time up to the Maturity Date at an exercise price of $0.10 per Common Share.

All securities issued in connection with the Shares for Debt Transaction and the Private Placement will be subject to a hold period of four months and one day under applicable securities laws and TSX Venture Exchange (the "Exchange") rules. The Shares for Debt Transaction and Private Placement are subject to receipt of all required regulatory and Exchange approvals.

Texada Software Inc., "Texada," (TSX VENTURE:TXS), announces CFO Resignation

Texada has accepted the resignation of its CFO, Robert Beveridge, effective December 21, 2007. "I thank Rob for his service to the company and wish him well in his future endeavours," said Nigel Miller, CEO of Texada. "Rob has committed to assist us with the year-end audit and transition to the new CFO."

About Texada Software (TSX VENTURE:TXS)

Texada Software Inc. is the premier provider of SYSTEMATIC 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 on the internet at www.texadasoftware.com. For product and services information visit www.systematic.com.