Texada Software Inc. Clarifies Aly Babu Mawji Detained in Europe Not Same Aly Gulamali Mawji Who Serves on Texada's Board
May 20 2011 - 10:17AM
Marketwired
TEXADA SOFTWARE INC. ("Texada" or the "Company") (TSX VENTURE: TXS)
wishes to clarify that the Aly Babu Mawji referenced in a number of
recent media releases pertaining to criminal investigations in
Germany relating to certain other TSX Venture Exchange companies
including De Beira Goldfields Inc./Panex Resources Inc. is not the
same Aly Gulamali Mawji who was appointed to Texada's Board of
Directors on March 11, 2011. Aly Babu Mawji is not associated with
the Company in any way.
Some of the media coverage has cited that the Aly Babu Mawji
mentioned in reference to De Beira Goldfields Inc./Panex Resources
Inc. is currently a member of the Board of Directors of the
Company. Texada wishes to reiterate that these references are
incorrect; the Mr. Mawji serving on Texada's Board of Directors is
Aly Gulamali Mawji who resides in Nova Scotia and is not the same
individual who is currently under investigation in Germany.
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.
Contacts: Corporate Communications Contact: Texada Software Inc.
Jim McInnis Chief Financial Officer 1-800-361-1233 x - 2104
jmcinnis@texadasoftware.com
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