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Business Jet Center Signs PASSUR FBO Contract; One of the Country's Largest, Most Prestigious FBO’S with State-of-the-Art Facilities
Greenwich, CT, October 18, 2006 — Megadata Corporation (OTC: MDTA) announced today that Business Jet Center has signed an agreement for PASSUR FBO, for both the Dallas and Oakland facilities, to include PASSUR Portal™, Pulse™, and PASSUR inSight™ to manage operations and marketing.
“We have some of the most state-of-the-art facilities in the United States, which set new standards in customer service. PASSUR FBO fits right into our philosophy of meeting and exceeding customer expectations,” said Stephanie Jordan, General Manager of Business Jet Center. “We’ve conducted a full ‘due diligence’ on PASSUR capabilities, and we believe they have the product, service, and reputation which justifies our purchase – we’re extremely pleased to be a part of their program.”
“Business Jet is a trend setter and an elite FBO, so we’re very pleased they decided to come aboard with PASSUR FBO. We look forward to meeting their exacting standards in the years to come,” said Jim Barry, Megadata 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 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, 2005 Form 10-K and July 31, 2006 Form 10-Q.
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