Texada Reports Positive Results for 2011

For the year ended December 31, 2011, Texada Software Inc. generated total revenues of $7.7 Ml. and net earnings of $1.7 Ml. Adjusted EBITDA (defined as net earnings for the year adjusted for deferred income tax, amortization, gain on fair value increment on acquisition (net of deferred income taxes), business acquisition expenses, accretion on convertible debt, interest expense, foreign exchange, and stock based compensation expense) was $0.10 Ml. These results compare to total revenues of $4.5 Ml., net earnings of $0.28 Ml. and an Adjusted EBITDA of $0.70 Ml. in 2010. Gain on fair value increment on acquisition, net of deferred income taxes, contributed $3.2 Ml. to net earnings in 2011.

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