TORONTO, ONTARIO--(Marketwire - June 28, 2011) - Texada Software Inc. (TSX VENTURE:TXS), the premier provider of equipment rental and mobile asset management software, is pleased to announce the election of the following board members at the Company's annual general meeting held on June 28, 2011: Harry Jaako, Nabil Kassam, James Lolley, Aly G. Mawji, Jim McInnis, Brian Spilak and William Swisher.
Following the annual general meeting, William Swisher was appointed as Chair of Texada's board of directors. Mr. Swisher has been the Chief Executive Officer of the Company since October 2010.
"Following the annual general meeting, the board met and discussed the Company's operations for the first six months of the year and for the balance of 2011 and its current strategic initiative to create value for all stakeholders of Texada," said Mr. Swisher. "We look forward to the balance of 2011 as we see opportunities to profitably increase our current business as economic conditions in our primary markets improve," said Brian Spilak, Texada's President.
"Texada is an industry leader with a strong foundation of technology, personnel and customers and we look to add to these strengths in the upcoming quarters as we roll out our new initiatives for Texada which we expect will grow the business for the benefit of our stakeholders" added Mr. Swisher.
About Texada Software (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 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. 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.
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:
Jim McInnis
CFO
1-800-361-1233 x - 2104
jmcinnis@texadasoftware.com