Texada Software Inc. Announces Significant Acquisitions and Private Placement

Texada Software Inc. (TSX VENTURE:TXS) (the "Company") is pleased to announce
that the Company's wholly-owned U.S. subsidiary has entered into non-binding
agreements (the "Agreements") to acquire the operating assets of two U.S. based
businesses: (i) Rolls Scaffold & Equipment Inc., dba Rolls High Reach, Inc.
("Rolls"), a Southern California-based four location, 50 employee aerial
equipment rental business, which was established in 1958 (the "SoCal
Acquisition") and (ii) DixEquip Inc. ("DixEquip"), a Houston, Texas-based single
location construction equipment dealership business, which has exclusive
dealership and territories for Mustang, Donkey and LiuGong (the "DixEquip
Acquisition"). 


The SoCal Acquisition is expected to be accomplished through two separate
transactions, namely: a) the acquisition of certain rental fleet and other
operating business assets (excluding scaffolding assets which will be retained
by Rolls) from Rolls for cash and assumed liabilities totaling approximately US
$1.1 million; and b) the acquisition of rental fleet from an existing lender.
The lender will be providing term financing of approximately US$9.6 million (the
"Lender Financing") in conjunction with this acquisition, repayable over a 48
month period and additional rental fleet financing post-closing, to assist the
Company in the expansion of its rental fleet. The combination of a) and b)
result in total consideration for the SoCal Acquisition by the Company of
approximately US $10.7 million. 


The total consideration for the DixEquip assets is expected to be approximately
US $0.8 million. If completed, substantially all of the purchase price of the
assets being acquired, including equipment held for resale, rental fleet and
other operating assets, will be satisfied by the assumption of existing trade
debt and floor plan financing.


The Agreements are subject to certain customary conditions in favor of the
Company, including the completion of satisfactory due diligence, regulatory
approvals, financing and other matters. It is expected that the SoCal
Acquisition will be completed no later than August 31, 2011. The DixEquip
Acquisition is expected to be completed later this year. There can be no
assurance that these transactions will be completed as proposed or at all.


"These transactions mark a very significant milestone for Texada," said William
Swisher, the Company's Chief Executive Officer. He added, "the Board of
Directors mandated that we seek out the best strategic transactions for Texada
to generate additional shareholder value and secure Texada's future, and we
believe the SoCal and DixEquip acquisitions represent a compelling platform to
successfully achieve this goal. The vertical integration of Texada into the
equipment rental and dealership space will be an added benefit for all the
Company's stakeholders, including our existing customer base and valued
employees." Added Brian Spilak, Texada's President, "the additional size and
scope of our business will allow us to grow and enhance our existing delivery
platform to all our customers, enriching our existing offerings for the benefit
of everyone. Texada is a trusted brand and we have established clear strategic
boundaries between the software business unit and future corporately owned
equipment operations, ensuring our current and future customers can rely on the
trusted brand we have built at Texada."


The vertical integration of the Company's operations into the rental equipment
and dealership businesses is not without risk. These risks include, but are not
limited to, the considerable financial leverage and annual debt repayment
requirements relative to anticipated cash flows, the execution of an operational
turnaround for both acquisitions, the effect on operations as a result of any
reaction of the Company's rental industry competitors to its expansion into the
rental equipment sector, the reaction of the Company's existing equipment rental
customers for its asset management software and the availability of additional
capital to grow the rental and dealership businesses beyond the platform of the
initial acquisitions. There can be no assurances that sufficient capital will be
available on acceptable terms and conditions, or at all.


Further information on the businesses can be found at the following websites:
www.rollsscaffold.com and www.dixequip.com. The Company is not responsible for
any information included at these websites.


The Company also announced today a non-brokered private placement (the "Private
Placement") of up to 40,000,000 common shares of the Company (the "Common
Shares") at a price of $0.10 per share for anticipated gross proceeds of up to
$4,000,000. The Company intends to use the net proceeds of the Private Placement
to satisfy certain liquidity conditions of the Lender Financing in connection
with the SoCal Acquisition, to acquire additional rental fleet for both
businesses, and for working capital purposes. Insiders of the Company will be
subscribing for greater than 25% of the Private Placement, on the same terms as
arm's length investors. The Private Placement is expected to close on or about
August 15, 2011 and may close within 21 days of such date, if management of the
Company determines it is reasonable or necessary in the circumstances. The
Private Placement is subject to receipt of all required regulatory and TSX
Venture Exchange (TSX VENTURE) approvals.


The Common Shares issued in connection with the Private Placement, will be
subject to a hold period of four months and one day from the date of
distribution under applicable securities laws.


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

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. 


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. Ongoing public 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.
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