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MONTREAL, QUEBEC -- (Marketwire) -- 02/28/13 -- TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today its results for the third quarter of fiscal year 2013, ended January 31, 2013. All dollar amounts are expressed in Canadian currency and are prepared in accordance with the International Financial Reporting Standards (IFRS) and are unaudited.

Overall highlights:

--  A 26% rise in proprietary license revenue.
--  Strengthened leadership position in healthcare, winning seven new
    agreements during the quarter with existing and new major clients.
--  Increased market share in the heavy equipment dealer market with the
    signing of five new agreements with new and existing clients during the
    quarter.
--  Existing clients from across its business units continued to invest in
    products and services - thirty two new agreements were concluded in the
    quarter.
--  Continued to win in the SMB sector, with significant prospecting
    opportunities for warehouse management systems in this market space.
--  Deployed supply chain execution solutions at fourteen customers in
    Canada and the United States.

Highlights of the Third Quarter include:

--  Revenue was $10.4M in Q3, 2013 compared to $10.6M in Q3, 2012. The
    slight decline in revenue masks a 26% rise in proprietary license
    revenue because it was offset by a 34% decline in third party product
    revenue resulting in a decrease in product revenue of 12%.
--  Services revenue rose by 4%.
--  For Q3, 2013 EBITDA was negative at $28K compared to EBITDA of $755K in
    Q3 of last fiscal year.
--  Loss from operations for the third quarter, 2013 was $464K compared to
    profit from operations of $378K in Q3, 2012.
--  Net loss for the quarter was $543K or $0.05 per share compared to net
    profit of $305K or $0.03 per share for the third quarter of last fiscal
    year.
--  Backlog increased to $25.1M at the end of Q3, 2013 from $24.6M at the
    end of Q3, 2012.
--  At the end of Q3, 2013 annualized recurring revenue in Canadian currency
    increased 4% to $15.4M from $14.8M at the end of Q3, 2012. Annualized
    recurring revenue at the end of Q3, 2013 represented 35% of the
    Company's revenue for the last 12 months.
--  Cash from operations amounted to $540K for the third quarter, 2013
    compared to $1.7M for the same quarter of the prior year.
--  Cash, cash equivalents and other short-term investments amounted to
    $7.7M at the end of Q3, 2013, compared to $5.2M at the end of Q3, 2012.

TECSYS also announced today that the Company's Board of Directors has declared a semi-annual dividend of $0.035/share, to be paid on March 29, 2013 to shareholders of record on March 15, 2013.

Peter Brereton, President and CEO of TECSYS Inc., commented on the results: "In Q3, we were pleased to see a significant number of new contracts from our client base and major wins in the health systems and heavy equipment dealer markets. We continue to be the market leader in health system supply chains in North America. Our year-to-date revenue and profitability are ahead of last year by 14% and 21% respectively. Our license fee sales are up 26% for the quarter and 70% year-to-date. Over the past year we have grown our human capital infrastructure substantially to respond to our growing demand for services. We have added 85 people and ramped up our expenses by $1.1M compared to Q3 of last year. Most of this was done over the summer and fall. It takes some time for this additional expense to generate revenue. Our strong balance sheet has allowed us to make this aggressive move. The opportunities ahead with our sales pipeline and prospecting business initiatives are both solid and continuing to rise. According to the leading industry analysts firm, the supply chain management industry outlook is positive and is expected to remain prosperous in 2013."

Highlights of the first Nine Months of fiscal year 2013 include:

--  Revenue for the first nine months, 2013 increased 14% to $32.6M compared
    to $28.7M for the same period of last fiscal year.
--  Profit from operations for the first nine months, 2013 was $1,012K
    compared to $720K for the same period of last fiscal year.
--  EBITDA for the first nine months, 2013 was $2,218K compared to $1,802K
    for the same period in 2012.
--  Net profit for the first nine months, 2013 was $704K or $0.06 per share
    compared to $584K or $0.05 per share for the same period of the prior
    fiscal year.

TECSYS' Third Quarter 2013 Earnings Conference Call:

Subject: Third Quarter FY2013 Results Conference Call
Date: February 28, 2013
Time: 4:30 pm EST
Phone number: 800-734-8583 or 416-981-9023

The call can be replayed by calling 800-558-5253 (access code: 21650148) or 416-626-4100 (access code: 21650148).

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 more than 500 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. 2013. 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 January 31, 2013 and April 30, 2012
(in thousands of Canadian dollars)

--------------------------------------------------------------------------
--------------------------------------------------------------------------
                                            January 31,          April 30,
                                                   2013               2012
--------------------------------------------------------------------------

Assets

Current assets
  Cash and cash equivalents             $         7,214    $         5,217
  Short-term and other investments                  342                  -
  Accounts receivable                             6,502              8,207
  Work in progress                                  847                645
  Other accounts receivable and
   derivatives                                      134                190
  Tax credits                                     4,171              2,070
  Inventory                                         569                696
  Prepaid expenses                                1,288              1,177
--------------------------------------------------------------------------
Total current assets                             21,067             18,202
--------------------------------------------------------------------------

Non-current assets
  Restricted cash equivalents and
   other investments                                120                160
  Non-current receivables                            54                 99
  Tax credits                                     1,057              1,076
  Property and equipment                          3,076              2,911
  Deferred development costs                      2,993              2,514
  Other intangible assets                           407                362
  Goodwill                                        2,239              2,239
  Deferred tax assets                               743                587
--------------------------------------------------------------------------
Total non-current assets                         10,689              9,948
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Total assets                            $        31,756    $        28,150
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--------------------------------------------------------------------------

Liabilities

Current liabilities
  Accounts payable and accrued
   liabilities                          $         4,892    $         5,844
  Loans payable                                      74                 85
  Term loan                                       1,000                  -
  Deferred revenue                                6,560              6,665
--------------------------------------------------------------------------
Total current liabilities                        12,526             12,594
--------------------------------------------------------------------------

  Term loan                                       3,750                  -
--------------------------------------------------------------------------
Total non-current liabilities                     3,750                  -
--------------------------------------------------------------------------
Total liabilities                                16,276             12,594
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Equity

  Share capital                                   1,743              1,688
  Contributed surplus                             9,588             10,023
  Retained earnings                               4,149              3,845
  ------------------------------------------------------------------------
Total equity attributable to the
 owners of the Company                           15,480             15,556
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Total liabilities and equity            $        31,756    $        28,150
--------------------------------------------------------------------------
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TECSYS Inc.
Condensed Interim Consolidated Statements of Comprehensive Income
(Unaudited)

Three and nine-month periods ended January 31, 2013 and 2012
(in thousands of Canadian dollars, except per share data)

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                                 Three       Three        Nine        Nine
                                Months      Months      Months      Months
                                 Ended       Ended       Ended       Ended
                               January     January     January     January
                                   31,         31,         31,         31,
                                  2013        2012        2013        2012
---------------------------------------------------------------------------
---------------------------------------------------------------------------

Revenue:
 Products                   $    3,715 $     4,202 $    11,753 $    10,050
 Services                        6,413       6,177      20,082      18,021
 Reimbursable expenses             256         216         807         626
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Total revenue                   10,384      10,595      32,642      28,697
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Cost of revenue:
 Products                        1,190       1,673       3,217       3,860
 Services                        5,121       4,127      14,840      11,669
 Reimbursable expenses             256         216         807         626
---------------------------------------------------------------------------
Total cost of revenue            6,567       6,016      18,864      16,155
---------------------------------------------------------------------------

Gross profit                     3,817       4,579      13,778      12,542

Operating expenses:
 Sales and marketing             2,073       1,820       5,709       4,894
 General and administration        870       1,051       2,972       3,043
 Research and development,
  net of tax credits             1,338       1,333       4,085       3,888
 Other                               -          (3)          -          (3)
---------------------------------------------------------------------------
Total operating expenses         4,281       4,201      12,766      11,822
---------------------------------------------------------------------------

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(Loss) profit from
 operations                       (464)        378       1,012         720
---------------------------------------------------------------------------

Finance income                       3           6          32          22
Finance costs                      (95)        (57)       (335)       (143)
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Net finance costs                  (92)        (51)       (303)       (121)

Share of net loss of equity-
 accounted associate                 -         (22)          -         (15)
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(Loss) profit before income
 taxes                            (556)        305         709         584
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Income taxes                       (13)          -           5           -

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(Loss) profit attributable
 to the owners of the
 Company and comprehensive
 (loss) income for the
 period                     $     (543)$       305 $       704 $       584
---------------------------------------------------------------------------
---------------------------------------------------------------------------

Basic and diluted (loss)
 earnings per common share  $    (0.05)$      0.03 $      0.06 $      0.05
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TECSYS Inc.
Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)

Three and nine-month periods ended January 31, 2013 and 2012
(in thousands of Canadian dollars)

----------------------------------------------------------------------------
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                                     Three      Three       Nine       Nine
                                    Months     Months     Months     Months
                                     Ended      Ended      Ended      Ended
                                   January    January    January    January
                                       31,        31,        31,        31,
                                      2013       2012       2013       2012
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cash flows from operating
 activities:
(Loss) profit for the period    $     (543)$      305 $      704 $      584
Adjustments for:
 Depreciation of property and
  equipment                            221        202        723        557
 Depreciation of other
  intangible assets                     41         31        117         86
 Depreciation of deferred
  development costs                    236        216        646        571
 Share-based compensation                -          -          -         40
 Net finance costs                      92         51        303        121
 Realized foreign exchange gains
  (losses) and others                   19       (102)       148        110
 Share of net loss of equity-
  accounted associate                    -         22          -         15
 Federal non-refundable research
  and development tax credits          (75)         -       (225)         -
 Income taxes                           23          -          4          -
----------------------------------------------------------------------------
 Operating activities excluding
  changes in non-cash working
 capital items related to
  operations                            14        725      2,420      2,084

 Accounts receivable                   939       (623)     1,705     (1,214)
 Work in progress                    1,046       (216)      (202)      (391)
 Other accounts receivable              28       (271)       (57)      (272)
 Tax credits                          (792)      (473)    (2,015)    (1,350)
 Inventory                             116       (632)       127       (617)
 Prepaid expenses                     (240)      (249)      (111)      (398)
 Accounts payable and accrued
  liabilities                         (562)     2,526     (1,237)     2,540
 Deferred revenue                       (9)       909       (105)       264
----------------------------------------------------------------------------
 Changes in non-cash working
  capital items related to
  operations                           526        971     (1,895)    (1,438)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Net cash from operating
 activities                            540      1,696        525        646
----------------------------------------------------------------------------

Cash flows (used in) from
 financing activities:
 Repayment of bank advances              -          -          -     (3,720)
 Repayment of loans                     (5)        (2)       (11)       (19)
 Term loan                            (250)         -      4,750          -
 Issuance of common shares               9          -         57        190
 Purchase of common shares for
  cancellation                           -       (341)      (462)      (398)
 Purchase of share options for
  cancellation                        (162)        (2)      (243)      (339)
 Payment of dividends                    -          -       (400)      (349)
 Interest paid                         (48)        (3)       (55)       (14)
----------------------------------------------------------------------------
Net cash (used in) from
 financing activities                 (456)      (348)     3,636     (4,649)
----------------------------------------------------------------------------

Cash flows (used in) from
 investing activities:
 Short-term and other
  investments and restricted
  cash equivalentsand other
  investments                         (342)         -       (302)       325
 Interest received                      18          6         32         22
 Proceeds from asset-backed
  commercial paper                       -          -          -      3,584
 Acquisitions of property and
  equipment                            (73)      (864)      (649)    (1,200)
 Proceeds on disposal of
  property and equipment                 -          3          -          3
 Acquisitions of other
  intangible assets                    (59)       (45)      (166)      (150)
 Deferred development costs           (416)      (161)    (1,125)      (545)
 Non-current receivables
  including the current
  portionfrom a related party           15          1         46         20
----------------------------------------------------------------------------
Net cash (used in) from
 investing activities                 (857)    (1,060)    (2,164)     2,059
----------------------------------------------------------------------------

Net (decrease) increase in cash
 and cash equivalents during the
 period                               (773)       288      1,997     (1,944)

Cash and cash equivalents -
 beginning of period                 7,987      4,172      5,217      6,404

----------------------------------------------------------------------------
Cash and cash equivalents - end
 of period                      $    7,214 $    4,460 $    7,214 $    4,460
----------------------------------------------------------------------------
----------------------------------------------------------------------------



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

Nine-month periods ended January 31, 2013 and 2012
(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                    -          -             -        704       704
----------------------------------------------------------------------------
Total comprehensive
 income for the
 period                     -          -             -        704       704
----------------------------------------------------------------------------

 Repurchase of
  common shares      (187,300)       (27)         (435)         -      (462)
 Share options
  exercised            31,450         57             -          -        57
 Fair value
  associated with
  options exercised         -         25             -          -        25
 Dividends to
  equity owners             -          -             -       (400)     (400)
----------------------------------------------------------------------------
Total transactions
 with owners of the
 Company             (155,850)        55          (435)      (400)     (780)
----------------------------------------------------------------------------

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Balance, January
 31, 2013          11,447,421 $    1,743 $       9,588 $    4,149 $  15,480
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Balance, April 30,
 2011              11,678,671 $    1,467 $      10,993 $    3,486 $  15,946

 Profit and
  comprehensive
  income for the
  period                    -          -             -        584       584
----------------------------------------------------------------------------
Total comprehensive
 income for the
 period                     -          -             -        584       584
----------------------------------------------------------------------------

 Repurchase of
  common shares      (176,900)       (22)         (376)         -      (398)
 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              (62,500)       216          (934)      (349)   (1,067)
----------------------------------------------------------------------------

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Balance, January
 31, 2012          11,616,171 $    1,683 $      10,059 $    3,721 $  15,463
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