GUELPH, ONTARIO--(Marketwire - March 11, 2011) - TEXADA SOFTWARE INC. ("Texada" or the "Company") (TSX VENTURE:TXS) announced today the resignation of John Kirincic from the Board of Directors, effective March 11, 2011. The Company wishes to thank Mr. Kirincic for his services to the Company. The Board of Directors has appointed Aly Mawji, effective March 11, 2011, to fill the vacancy caused by such resignation, subject to receipt of all regulatory approvals including the approval of the TSX Venture Exchange. Mr. Mawji was also appointed as Chair of the Audit Committee, a position also left vacant by the resignation of Mr. Kirincic. The Board of Directors have granted 50,000 stock options to Mr. Mawji effective March 11, 2011 at an exercise price of $0.10 per share, which shall be exercisable for a period of 10 years from the date of grant, subject to the receipt of all regulatory, stock exchange and shareholder approvals.
About Texada Software Inc. (TSX VENTURE:TXS)
Texada Software Inc. is the premier provider of enterprise 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 Company's customers enjoy the many benefits of this enhanced efficiency through better asset utilization, effective location tracking, and optimized scheduling.
Texada can be reached at 1-800-361-1233 x - 2104 or 1-519-840-2104, 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. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Texada Software Inc.
Jim McInnis
Chief Financial Officer
1-800-361-1233 x - 2104
jmcinnis@texadasoftware.com