TXS Texada Software Inc.

NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES OF AMERICA


Texada Software Inc. ("Texada" or the "Company")(TSX VENTURE:TXS). Texada
announced today that, further to its press release of December 19, 2007, it has
completed its previously announced shares for debt transaction (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 has issued
22,943,812 common shares (the "Common Shares") in settlement of $985,000 of such
debt plus interest thereon and is in discussions with the holders of the
remaining $115,000 of convertible debt. The Common Shares issued pursuant to the
Shares for Debt Transaction will be subject to a hold period of four months and
one day from the date of issuance thereof under applicable securities laws and
TSX Venture Exchange ("TSXVE") rules. The transaction is subject to final
approval of the TSXVE.


Pursuant to the Shares for Debt Transaction, 1610488 Ontario Ltd. ("1610488"), a
company controlled by Iqbal Kassam, a director of the Company, announced that it
has acquired 3,773,501 Common Shares. After giving effect to this acquisition,
1610488 and Mr. Kassam directly or beneficially hold an aggregate of: (i)
$190,000 principal amount secured convertible debentures, representing 38% of
the outstanding convertible debentures of the Company; (ii) 13,384,637 Common
Shares representing 15.27% of the issued and outstanding Common Shares; and
(iii) 3,685,750 Common Share purchase warrants representing 23.45% of all
outstanding share purchase warrants of the Company. If all share purchase
warrants held by 1610488 and Mr. Kassam were to be fully exercised and all
convertible debentures held by 1610488 were to be fully converted (assuming no
other share purchase warrants, convertible debentures or other convertible
securities of the Company were exercised or converted, as the case may be)
1610488 Mr. Kassam would beneficially own approximately 21.93% of the Company's
Common Shares on a partially diluted basis.


1610488 and Mr. Kassam have acquired the securities of the Company for
investment purposes. 1610488 and Mr. Kassam have no present intention of
acquiring other securities of the Company or disposing of any of the securities
of the Company they currently hold. For further information regarding 1610488's
acquisition of securities of the Company or to obtain a copy of the early
warning report in respect of this transaction, please contact John Kirincic at
(604) 654-2555. A copy of the early warning report will also be available under
the Company's profile on SEDAR at www.sedar.com.


In addition, Cidel Trust Company Ltd., as trustee of the Lamb Family Trust
("Cidel"), announced that it has acquired 5,473,906 Common Shares. The Lamb
Trust and the beneficiaries of the Lamb Trust, Steven Lamb (a director of the
Issuer) and the issue of Steven Lamb, may be considered to be joint actors with
Cidel. After giving effect to this acquisition, Cidel directly or beneficially
holds an aggregate of: (i) $100,000 principal amount secured convertible
debentures, representing 20% of the outstanding convertible debentures of the
Company; (ii) 12,657,507 Common Shares representing 14.37% of the issued and
outstanding Common Shares; and (iii) 2,607,500 Common Share purchase warrants
representing 16.59% of all outstanding share purchase warrants of the Company.
If all share purchase warrants held by Cidel were to be fully exercised and all
convertible debentures held by Cidel were to be fully converted (assuming no
other share purchase warrants, convertible debentures or other convertible
securities of the Company were exercised or converted, as the case may be) Cidel
would beneficially own approximately 18.71% of the Company's Common Shares on a
partially diluted basis.


Cidel has acquired the securities of the Company for investment purposes. Cidel
has no present intention of acquiring other securities of the Company or
disposing of any of the securities of the Company it currently holds. For
further information regarding Cidel's acquisition of securities of the Company
or to obtain a copy of the early warning report in respect of this transaction,
please contact Cindy Radu at (403) 697-6962. A copy of the early warning report
will also be available under the Company's profile on SEDAR at www.sedar.com.


About Texada Software

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.


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 should consult
Texada's ongoing quarterly filings 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.


Shares Outstanding: 87,673,495

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