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Meridian Teterboro Signs PASSUR FBO Contract; Full Service Facility Sees an Even Greater Customer Service Advantage with PASSUR
Greenwich, CT, November 17, 2006 — Megadata Corporation (OTC: MDTA) announced today that Meridian Teterboro has signed an agreement for PASSUR® FBO, to include PASSUR Portal™, Pulse™, and PASSUR inSight™ to manage operations and marketing.
“As a newly independent facility with new, state-of-the-art infrastructure, it is doubly important for us to reinforce our brand to the market,” said Ken Forester, CEO of the Meridian Companies at Teterboro. “PASSUR FBO is a major addition to our customer-service and operational capabilities, adding value to our FBO, Charter, and aircraft management services. We have invested a lot in all these services and facilities, and PASSUR helps to ensure that investment achieves its full potential in the market.”
“As a turnkey provider of aviation services, Meridian is looking to us to enhance customer service, operations and marketing,” said Jim Barry, President and CEO of Megadata, which owns PASSUR. “We are pleased to be able to assist them in, and to be part of, this facility’s ambitious plans.”
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 known for independent, complete, timely, and accurate information and solutions 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 data, 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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