Texada appoints Brian Spilak as new president and CEO, hopes to raise $1.1 million in financing

Published Monday November 10th, 2008

THE CANADIAN PRESS

TORONTO - Texada Software Inc. (TSXV:TXS), a Toronto-based software producer, says it has appointed Brian Spilak as the company's new president and chief executive.

Spilak was recently a senior executive with Stephenson's Rental Services Inc., a Toronto-based equipment rental company, Texada said late Monday.

Spilak replaces Nigel Miller, who has resigned as president and chief executive.

In another development Monday, Texada announced a non-brokered private placement of convertible debentures and warrants to raise up to 1.1 million. The money will be used to pay down debt.

Texada provides business software for mobile equipment and rental management.

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