GREENWICH, Conn., Oct. 6, 2008 — PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Galaxy Aviation has contracted for PASSUR Fuel Portal(TM) across its network of FBO’s.
“This is an important upgrade for Galaxy, allowing us to further serve our customers by anticipating their fuel need before they arrive, and provide the right fuel price at the right time,” said Brett Greenberg Executive Vice President of Galaxy Aviation. “We’ve been using PASSUR FBO for years - it’s a terrific product - and this upgrade to Fuel Portal will further extend the value we get out of the program.”
“PASSUR Fuel Portal is a real innovation in fuel pricing and we’re pleased that Galaxy Aviation - one of the country’s elite FBO networks - has purchased this significant enhancement,” said Jim Barry, president and CEO of PASSUR Aerospace.
PASSUR Fuel Portal(TM) provides the latest advances in pricing fuel and maximizing volume for any organization selling fuel in the corporate market. Organizations can now instantly access relevant customer information to determine the right price based on live and historical customer behavior, and the maximum potential volume sale based on a sophisticated uplift algorithm. As with other PASSUR products, this new module combines the most accurate information with innovative decision support technology to improve the financial performance of our customers.
About PASSUR Aerospace, Inc.
PASSUR Aerospace is changing the way aviation and aerospace information is collected, analyzed, and delivered. PASSUR Aerospace owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 85 airports world-wide, including 34 of the top 35 U.S. airports - from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of organizations. PASSUR Aerospace offers unique user-friendly information, as well as decision support algorithms, which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; to dozens of airlines, including 7 of the top 10 U.S. airlines; and to more than 180 corporate aviation customers, as well as to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company’s customers to instantly share information to improve individual and joint decision-making, creating additional value for those customers.
Visit PASSUR Aerospace’s web site at http://www.passur.com for updated products, solutions, and 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, 2007 Form 10K, and the July 31, 2008 10Q.
Contact:
Ron Dunsky
(203) 622-4086
rondunsky@passur.com
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