GREENWICH, Conn., March 17, 2008 — Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Greater Rochester International Airport (ROC) has purchased a subscription for the Audit module of the PASSUR Landing Fee Management Program. This PASSUR solution helps airports maximize revenue through increased control over their landing fee revenue, and helps ensure the landing fee program is implemented equitably and transparently for all airport users.
"We had three objectives for improving our landing fee program: increased fairness, reduced effort, and greater revenue capture," said David P. Damelio, Director of Aviation of Greater Rochester International Airport. "The PASSUR Landing Fee Audit module is going to get our landing fee program where it needs to be, ensuring all our key goals are met."
"We welcome Rochester Airport into the fast-growing community of airports who manage their landing fee programs with us," said Jim Barry, Megadata's president and CEO. "The airport industry has recognized that it needs to manage landing fees, and other key business metrics, in a more professional and business-like manner, and we're honored that it has embraced PASSUR as a key partner in that evolution."
The PASSUR Landing Fee Management Program allows airports to take effective control over this critical piece of their revenue stream. It provides a clear, defined path for airports to follow – from auditing, to online billing to replace airline self-reporting, and a complete professional services support package. More than 25 airports now manage their landing fee program with PASSUR.
The PASSUR Landing Fee Audit Module gives airports access to the most complete, accurate and timely activity reports of arrivals and departures, based on the PASSUR radar system and integrated database of flight information, including detailed owner/operator information, maximum certificated weights by tail number, seat configurations, runway utilization, and other details in aggregate and by individual flight. There is no equivalent product on the market today.
Megadata 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 worldwide, including 33 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 aviation organizations. Megadata offers unique user-friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 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 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 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 10-K.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587-9672
Email