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Press ReleaseBoeing Field/King County International Airport Contracts for PASSUR Landing Fee Management ProgramNeed for More Efficient, Less Costly Processing of Landing FeesGREENWICH, Conn., Sept. 29, 2006 -- Megadata Corporation (OTC: MDTA) announced today that Boeing Field/King County International Airport has contracted for PASSUR(R) Pulse(TM) software for landing fee management. The airport will also use PASSUR Portal(TM) for real-time management of operations."Boeing Field represents a growing segment of our airport market, mixed-use airports, where signatory and non-signatory traffic place complex demands on airport administration for revenue collection," said Jim Barry, Megadata President and CEO. "We're pleased that Pulse enables airports like Boeing Field to create a simple but effective auditing and billing system without a big investment, resulting in lower costs and increased revenue." The airport will use PASSUR Pulse software to implement a simple, efficient means of tracking, auditing and capturing all landing fee revenue, ensuring that this revenue stream is maximized, while also spread equitably because of accurate and detailed activity reports. PASSUR Pulse gives airports easily distributed access to landing fee and operations reports from the unique PASSUR database of flight information, through a secure web site. PASSUR Portal reinvents the way the aviation industry accesses timely, accurate and complete information for tasks such as gate and connections management, airfield optimization, and landing fee management. It provides a web dashboard onto the one-of-a-kind PASSUR database of live flight information affordably and simply, and is also the access point for all other PASSUR web services. 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. Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news. 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. Contact: Ron Dunsky (631) 589-6800 (917) 587-9672 rondunsky@passur.com |
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