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MONTREAL, QUEBEC -- (Marketwire) -- 11/29/12 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the second quarter of fiscal year 2013, ended October 31st, 2012. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.

Second Quarter Financial Summary:

--  Revenue increased 18% to $10.7M in Q2, 2013 compared to $9.1M in Q2,
    2012.
--  Profit from operations for the second quarter, 2013 increased to $428K
    compared to $170K in Q2, 2012.
--  Due to the rising stock price, option expense surged to $313K in the
    quarter reflecting the non-dilutive measure taken by the company of cash
    settling options.
--  EBITDA for Q2, 2013 increased to $613K ($926K prior to revaluation of
    the fair value of the share options liability) compared to $517K in Q2
    of last fiscal year ($555K prior to revaluation of the fair value of the
    share options liability).
--  Net profit for the second quarter, 2013 was $122K or $0.01 per share
    ($435K or $0.04 prior to revaluation of the fair value of the share
    options liability) compared to $133K or $0.01 per share for the second
    quarter of last fiscal year ($171K or $0.01 prior to revaluation of the
    fair value of the share options liability).
--  At the end of Q2, 2013 annualized recurring revenue in Canadian currency
    increased to $15.5M, or 36% of the last twelve months trailing revenue,
    from $14.4M at the end of Q2 of last fiscal year.
--  Backlog at the end of Q2, 2013 was $25.5M compared to $21.5M at the end
    of Q2, 2012.
--  Cash flow from operations prior to changes in non-cash working capital
    amounted to $934K in Q2, 2013 compared to $694K in Q2, 2012.
--  Cash, cash equivalents and other short-term investments amounted to
    $8.1M at the end of Q2, 2013, compared to $4.9M at the end of Q2, 2012.
    The substantial increase in cash and cash equivalents is attributable to
    the financing transaction concluded and announced on November 1st, 2012.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "Our top line continued to improve with double-digit growth in Q2, 2013 as we delivered 18% growth in revenue and 21% growth in bookings compared to last year. The quarter marked the beginnings of the resurgence in the hospital supply network market with a win of a mid-size organization in this space and further penetration of the educational market with our unique self-distribution value proposition. We continued to ramp up the resources of our consulting practice to meet the growing demand for our services; the results of this initiative is starting to pay off with a significantly stronger execution infrastructure and improved top line."

During the quarter, the Company won the business of five new clients including:

--  A $1.6 billion Hospital Supply Network in the U.S.
--  An independent school district in the U.S.
--  An innovative, educational resource supplier in the U.K.
--  A leading giftware and collectibles distributor in Canada
--  An industrial distributor in Canada

TECSYS also signed a significant number of new business agreements with existing clients and deployed its supply chain execution solutions at a number of customers from across its business units in Canada and the United States.

First Half Financial Summary:

--  Revenue for the first half, 2013 increased 23% to $22.3M compared to
    $18.1M for the same period of last fiscal year.
--  Profit from operations for the first half, 2013 increased significantly
    to $1,476K compared to $342K for the same period in last fiscal year.
--  EBITDA for the first half, 2013 reached $2,246K compared to $1,047K for
    the first half of 2012.
--  Net profit for the first half of fiscal, 2013 increased to $1,247K or
    $0.11 per share compared to $279K or $0.02 per share for the same period
    of the prior fiscal year.
--  Cash flow from operations prior to changes in non-cash working capital
    amounted to $2.4M for the first half, 2013 compared to $1.4M for the
    first half of 2012.

TECSYS' Second Quarter 2013 Earnings Conference Call:

Subject: Second Quarter FY2013 Results Conference Call

Date: November 29, 2012

Time: 4:30 pm

Phone number: 800-909-4796 or 416-981-9018

The call can be replayed by calling 800-558-5253 (access code: 21613577) or 416-626-4100 (access code: 21613577).

About TECSYS

TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2012. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).

Copyright © TECSYS Inc. 2012. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

TECSYS Inc.
Condensed Interim Consolidated Statements of Financial Position
(Unaudited)

As at October 31, 2012 and April 30, 2012
(in thousands of Canadian dollars)

----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                   October 31,     April 30,
                                                          2012          2012
----------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents                      $       7,987 $       5,217
  Accounts receivable                                    7,441         8,207
  Work in progress                                       1,893           645
  Other accounts receivable and derivatives                162           190
  Tax credits                                            3,214         2,070
  Inventory                                                685           696
  Prepaid expenses                                       1,048         1,177
----------------------------------------------------------------------------
Total current assets                                    22,430        18,202
----------------------------------------------------------------------------

Non-current assets
  Restricted cash equivalents and other
   investments                                             120           160
  Non-current receivables                                   69            99
  Tax credits                                            1,063         1,076
  Property and equipment                                 3,225         2,911
  Deferred development costs                             2,813         2,514
  Other intangible assets                                  389           362
  Goodwill                                               2,239         2,239
  Deferred tax assets                                      850           587
----------------------------------------------------------------------------
Total non-current assets                                10,768         9,948
----------------------------------------------------------------------------

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Total assets                                     $      33,198 $      28,150
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Liabilities

Current liabilities
  Accounts payable and accrued liabilities       $       5,547 $       5,844
  Loans payable                                             79            85
  Term loan                                              1,000             -
  Deferred revenue                                       6,569         6,665
----------------------------------------------------------------------------
Total current liabilities                               13,195        12,594
----------------------------------------------------------------------------

  Term loan                                              4,000             -
----------------------------------------------------------------------------
Total non-current liabilities                            4,000             -
----------------------------------------------------------------------------
Total liabilities                                       17,195        12,594
----------------------------------------------------------------------------

Equity

  Share capital                                          1,723         1,688
  Contributed surplus                                    9,588        10,023
  Retained earnings                                      4,692         3,845
----------------------------------------------------------------------------
Total equity attributable to the owners of the
 Company                                                16,003        15,556
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total liabilities and equity                     $      33,198 $      28,150
----------------------------------------------------------------------------
----------------------------------------------------------------------------



TECSYS Inc.
Condensed Interim Consolidated Statements of Comprehensive Income
(Unaudited)

Three and six-month periods ended October 31, 2012 and 2011
(in thousands of Canadian dollars, except per share data)

----------------------------------------------------------------------------
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                    Three Months   Three Months    Six Months    Six Months
                           Ended          Ended         Ended         Ended
                     October 31,    October 31,   October 31,   October 31,
                            2012           2011          2012          2011
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Revenue:
 Products          $       3,551  $       2,995  $      8,038  $      5,848
 Services                  6,989          5,889        13,669        11,844
 Reimbursable
  expenses                   208            215           551           410
----------------------------------------------------------------------------
Total revenue             10,748          9,099        22,258        18,102
----------------------------------------------------------------------------

Cost of revenue:
 Products                  1,099          1,146         2,027         2,187
 Services                  4,900          3,710         9,719         7,542
 Reimbursable
  expenses                   208            215           551           410
----------------------------------------------------------------------------
Total cost of
 revenue                   6,207          5,071        12,297        10,139
----------------------------------------------------------------------------

Gross profit               4,541          4,028         9,961         7,963

Operating
 expenses:
 Sales and
  marketing                1,718          1,596         3,636         3,074
 General and
  administration             988          1,058         2,102         1,992
 Research and
  development, net
  of tax credits           1,407          1,204         2,747         2,555
----------------------------------------------------------------------------
Total operating
 expenses                  4,113          3,858         8,485         7,621
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Profit from
 operations                  428            170         1,476           342
----------------------------------------------------------------------------

Finance income               (63)            10            29            16
Finance costs               (237)           (68)         (240)          (86)
----------------------------------------------------------------------------
Net finance costs           (300)           (58)         (211)          (70)

Share of net
 profit of equity-
 accounted
 associate                     -             21             -             7
----------------------------------------------------------------------------
Profit before
 income taxes                128            133         1,265           279
----------------------------------------------------------------------------

Income taxes                   6              -            18             -

----------------------------------------------------------------------------
Profit
 attributable to
 the owners of the
 Company and
 comprehensive
 income for the
 period            $         122  $         133  $      1,247  $        279
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Basic and diluted
 earnings per
 common share      $        0.01  $        0.01  $       0.11  $       0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------



TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)

Three and six-month periods ended October 31, 2012 and 2011
(in thousands of Canadian dollars)

----------------------------------------------------------------------------
----------------------------------------------------------------------------
                    Three Months   Three Months    Six Months    Six Months
                           Ended          Ended         Ended         Ended
                     October 31,    October 31,   October 31,   October 31,
                            2012           2011          2012          2011
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cash flows from
 (used in)
 operating
 activities:
Profit for the
 period            $         122  $         133  $      1,247  $        279
Adjustments for:
  Depreciation of
   property and
   equipment                 254            186           502           355
  Depreciation of
   other
   intangible
   assets                     39             26            76            55
  Depreciation of
   deferred
   development
   costs                     195            174           410           355
  Share-based
   compensation                -             32             -            40
  Net finance
   costs                     300             58           211            70
  Realized foreign
   exchange gains
   and others                 80            106           129           212
  Share of net
   profit of
   equity-
   accounted
   associate                   -            (21)            -            (7)
  Federal non-
   refundable
   research and
   development tax
   credits                   (75)             -          (150)            -
  Income taxes                19              -           (19)            -
----------------------------------------------------------------------------
  Operating
   activities
   excluding
   changes in non-
   cash working
   capital items
   related to
   operations                934            694         2,406         1,359

  Accounts
   receivable               (331)          (395)          766          (591)
  Work in progress          (826)           (77)       (1,248)         (175)
  Other accounts
   receivable                 45            (68)          (85)           (1)
  Tax credits               (664)          (445)       (1,223)         (877)
  Inventory                    6            (20)           11            15
  Prepaid expenses           173             69           129          (149)
  Accounts payable
   and accrued
   liabilities               144            (43)         (675)           14
  Deferred revenue          (399)          (667)          (96)         (645)
----------------------------------------------------------------------------
  Changes in non-
   cash working
   capital items
   related to
   operations             (1,852)        (1,646)       (2,421)       (2,409)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Net cash used in
 operating
 activities                 (918)          (952)          (15)       (1,050)
----------------------------------------------------------------------------

Cash flows from
 (used in)
 financing
 activities:
  Repayment of
   bank advances               -              -             -        (3,720)
  Repayment of
   loans                      (3)           (17)           (6)          (17)
  Term loan                5,000              -         5,000             -
  Issuance of
   common shares              17            190            48           190
  Purchase of
   common shares
   for
   cancellation             (231)           (48)         (462)          (57)
  Purchase of
   share options
   for
   cancellation              (81)           (58)          (81)         (337)
  Payment of
   dividends                (400)          (349)         (400)         (349)
  Interest paid               (4)            (4)           (7)          (11)
----------------------------------------------------------------------------
Net cash from
 (used in)
 financing
 activities                4,298           (286)        4,092        (4,301)
----------------------------------------------------------------------------

Cash flows (used
 in) from
 investing
 activities:
  Short-term and
   other
   investments and
   restricted cash
   equivalents and
   other
   investments                 -              -            40           325
  Interest
   received                    7             10            14            16
  Proceeds from
   asset-backed
   commercial
   paper                       -              -             -         3,584
  Acquisitions of
   property and
   equipment                (198)          (190)         (576)         (336)
  Acquisitions of
   other
   intangible
   assets                    (18)           (41)         (107)         (105)
  Deferred
   development
   costs                    (305)          (244)         (709)         (384)
  Non-current
   receivables
   including the
   current portion
   from a related
   party                      17              8            31            19
----------------------------------------------------------------------------
Net cash (used in)
 from investing
 activities                 (497)          (457)       (1,307)        3,119
----------------------------------------------------------------------------

Net increase
 (decrease) in
 cash and cash
 equivalents
 during the period         2,883         (1,695)        2,770        (2,232)

Cash and cash
 equivalents -
 beginning of
 period                    5,104          5,867         5,217         6,404

----------------------------------------------------------------------------
Cash and cash
 equivalents - end
 of period         $       7,987  $       4,172  $      7,987  $      4,172
----------------------------------------------------------------------------
----------------------------------------------------------------------------



TECSYS Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Unaudited)

Six-month periods ended October 31, 2012 and 2011
(in thousands of Canadian dollars, except number of shares)

----------------------------------------------------------------------------
----------------------------------------------------------------------------

                            Share capital   Contributed   Retained    Total
                          Number   Amount       surplus   earnings

----------------------------------------------------------------------------
Balance, April 30,
 2012                 11,603,271 $  1,688 $      10,023 $    3,845 $ 15,556

  Profit and
   comprehensive
   income for the
   period                      -        -             -      1,247    1,247
----------------------------------------------------------------------------
Total comprehensive
 income for the
 period                        -        -             -      1,247    1,247
----------------------------------------------------------------------------

  Repurchase of
   common shares        (187,300)     (27)         (435)         -     (462)
  Share options
   exercised              25,950       48             -          -       48
  Fair value
   associated with
   options exercised           -       14             -          -       14
  Dividends to equity
   owners                      -        -             -       (400)    (400)
----------------------------------------------------------------------------
Total transactions
 with owners of the
 Company                (161,350)      35          (435)      (400)    (800)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Balance, October 31,
 2012                 11,441,921 $  1,723 $       9,588 $    4,692 $ 16,003
----------------------------------------------------------------------------
----------------------------------------------------------------------------


Balance, April 30,
 2011                 11,678,671 $  1,467 $      10,993 $    3,486 $ 15,946

  Profit and
   comprehensive
   income for the
   period                      -        -             -        279      279
----------------------------------------------------------------------------
Total comprehensive
 income for the
 period                        -        -             -        279      279
----------------------------------------------------------------------------

  Repurchase of
   common shares         (26,500)      (3)          (54)         -      (57)
  Repurchase of share
   options                     -        -          (279)         -     (279)
  Stock options
   exercised             114,400      190             -          -      190
  Fair value
   associated with
   options exercised           -       48             -          -       48
  Fair value of share
   options
   transferred to
   liabilities                 -        -          (319)         -     (319)
  Share-based
   compensation                -        -            40          -       40
  Dividends to equity
   owners                      -        -             -       (349)    (349)
----------------------------------------------------------------------------
Total transactions
 with owners of the
 Company                  87,900      235          (612)      (349)    (726)
----------------------------------------------------------------------------

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Balance, October 31,
 2011                 11,766,571 $  1,702 $      10,381 $    3,416 $ 15,499
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