Texada Software named Harry Jaako, John Kirincic, James Lolley, Jim McInnis and Brian Spilak to the company’s board of directors, with McInnis named chairman. McInnis is president of Sycamore Capital Corp., a private investment and consulting business, and is acting chief financial officer of Texada.

McInnis commented on the current worldwide economic situation. “As we had anticipated, the current worldwide economic downturn has, to some extent, affected the company’s operations,” said McInnis. “However, when we set out at the beginning of 2009, with Brian Spilak as Texada’s incoming president and CEO, we developed a plan that took this macro influence into consideration. Texada has a strong customer base, and Brian Spilak has done an outstanding job of reconnecting with all our strategic customers over the past six months. We are pleased with our overall results to date and are working on several initiatives to make Texada a stronger, leaner organization that will be poised to assert itself as an industry leader as the overall economy improves in the coming years.”

Texada has entered into a formal employment agreement with Spilak and granted 438,637 stock options to him.

Texada, a provider of enterprise software solutions for equipment rental and mobile equipment, is based in Guelph, Ontario, Canada.