Texada Software Inc. Announces Amendment to Stock Option Plan and Issuance of Stock Options
09 Novembro 2011 - 9:09PM
Marketwired
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.
Contacts: Corporate communications contact: Texada Software Inc.
Jim McInnis Chief Financial Officer 1-800-361-1233 x-
2104jmcinnis@texadasoftware.comwww.texadasoftware.com
Texada Software Inc. (TSXV:TXS)
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