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Texada Software Inc. Announces Amendment to Stock Option Plan and Issuance of Stock Options(November 09, 2011)
GUELPH, ONTARIO -- (Marketwire) -- 11/09/11 -- Texada Software Inc. (TSX VENTURE:TXS) (the "Company") announced today that the Board of Directors of the Company has approved an amendment to its stock option plan (the "Plan") to increase the fixed number of options available to be granted under the Plan by an additional 4,000,000 options to a total of 6,555,469. This amendment is subject to the receipt of all required regulatory, stock exchange and shareholder approvals.
The Company also announced, effective November 9, 2011, the grant of 875,000 stock options to directors of the Company at a price of $0.10 per share, exercisable for a period of 10 years from the date of grant, subject to the receipt of all required regulatory, stock exchange and shareholder approvals. These stock options shall not be exercisable until all such approvals, including the approval of the amendments to increase the number of options available under the Plan by the shareholders of the Company and the TSX Venture Exchange, have been obtained.
About Texada Software (TSX VENTURE:TXS)
Texada Software Inc., operates in two complementary businesses, enterprise asset management software and equipment rental.
Texada's enterprise software business continues as the premier provider of 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 enterprise software's customers enjoy the many benefits of this enhanced efficiency through better asset utilization, effective location tracking, and optimized scheduling.
The Company, through its wholly owned US equipment rental subsidiary, conducts business as Rolls High Reach at four locations in Southern California with a wide range of over 1,000 aerial fleet units.
Texada can be reached at 1-800-361-1233 or 1-519-836-7073, or 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.
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