Texada Announces Closing of $25.0 Ml. U.S. Recapitalization of Equipment Rental Business

GUELPH, ONTARIO--(Marketwire - May 31, 2012) - Texada Software Inc. (TSX VENTURE:TXS) ("Texada" or the "Company") is pleased to announce that the Company's wholly owned U.S. subsidiary Noble Rents, Inc. ("Noble Rents"), has completed the recapitalize of its existing debt, previously announced on May 11, 2012. Noble Rents' initial entry into the U.S. equipment rental business took place in August 2011 with the acquisition of Rolls High Reach. The business operates from four locations in Southern California with 50 employees and over 1,100 pieces of aerial, forklift and light compact equipment rental units.

The terms of the recapitalization move acquisition and growth related rental fleet financing from existing term loan arrangements with interest rates ranging from 5.8% to 7.0% to one, comprehensive four year revolving line of credit. Interest payments will be based on a variable interest rate calculated at the one month LIBOR rate plus 325 basis points, currently 3.50%. The new facility will operate with a daily cash sweep against outstanding debt with no scheduled principal payments during the term of the loan. Texada Software Inc. provided a guarantee of all amounts owing by Noble Rents under the facility. Noble Rents has no other debt facilities presently outstanding.

Under the terms of the financing, Noble Rents can borrow up to $25.0 Ml. U.S. based upon its borrowing base, determined by the value of its rental fleet, accounts receivable and inventory.

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

About Texada Software Inc. (TSX VENTURE:TXS)

Texada Software Inc., following the launch of its LiuGong dealership, operates in three complementary businesses, equipment rental, equipment dealership and enterprise asset management software.

The Company, through its wholly owned U.S. subsidiaries, is expanding its presence in the construction and industrial equipment industry and conducts business as Noble Rents, Inc. in Southern California and Noble Equipment, Inc. in Houston, Texas. Noble Equipment, Inc. is the exclusive distributor of LiuGong Construction Machinery equipment in Southeast Texas.

The Company, through its wholly owned U.S. equipment rental subsidiary, Noble Rents, Inc. conducts business at four locations in Southern California with over 7,000 customers and a wide range of over 1,100 aerial, forklift and light compact equipment rental units.

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.

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. 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.