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Banyan Air Service, A Premier Fixed Based Operator, Contracts for PASSUR® Web-Based Flight Information Tools
GREENWICH, Conn., Dec. 23 -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Banyan Air Service has contracted for PASSUR web-based flight information tools, including PASSUR Portal(TM), PASSUR Pulse(TM) and PASSUR inSight(TM).
"We lower our customers' operating costs with the PASSUR products, and the return on the investment was achieved in a few months through new fuel sales we've generated; we're very pleased," said Bill Garghill, Banyan's Director of Customer Support.
"Banyan stands for service, as evidenced by their superior FBO service rankings; we're pleased we can play a part in their total service package and can assist in reducing their customers' costs," said Jim Barry, Megadata's president and CEO.
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a "web dashboard" of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
About Banyan
Banyan Air Service is a 24-hour fixed base operation (FBO) that caters to individual aircraft owners, corporate flight departments, aircraft charter operators and military and governmental institutions. The full-service FBO consists of a terminal with separate customer and pilot's lounges, a weather and flight planning room, snooze room, conference room, snack area, complimentary Internet access, business services, Hertz rental car services and limousine services, hotel and catering accommodations, customs services, and an on-site pilot shop with over 20,000 items in inventory. Banyan Air offers refueling services, ground support, major engine and airframe maintenance, avionic repairs and installations, aircraft washing and cabin cleaning. Banyan Air employs over 30 ATI, NATA and FAA-approved line technicians and six trained customer service representatives and offers hangar space for aircraft up to the size of a Gulfstream V.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database that is becoming the de facto standard of independent, complete, timely, and accurate information for the aviation industry. It includes the unique network of PASSUR radar installations in the US, Canada, Europe, and Asia. The company's principal business is the delivery of flight information, application software, and web-delivered collaborative decision tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata distributes its products through a direct sales force, and through premier aviation decision-support technology firms.
The forward-looking statements in this news release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2004 Form 10-K and July 31, 2005 Form 10-Q.
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