GREENWICH, Conn., Feb. 22, 2008 — Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Little Rock National Airport (LIT) has purchased subscriptions to the audit module of the PASSUR Landing Fee Management Program, as well as to PASSUR Portal(TM) to support live operations control. These PASSUR solutions help airports maximize revenue through strengthened control over landing fees, and achieve cost savings and superior operational performance through the most accurate operational status, and instant communications and coordination.
"PASSUR is about putting airports in the driver's seat," said Ronald F. Mathieu, Interim Executive Director, Little Rock National Airport. "It will give us an unprecedented level of precision and control over our landing fee program, while ensuring the highest level of fairness and transparency for our carriers. The PASSUR program also contributes to our mandate for operational excellence and customer care, through the most accurate real time flight status and operational metrics."
"Airports need independent control over their own financial and operational information – it's how they control their destiny," said Jim Barry, Megadata's president and CEO. "Little Rock National Airport has completely understood that wisdom, and we welcome them to the PASSUR family of like-minded airports."
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. 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 record 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.
PASSUR Portal(TM) provides a live snapshot of vital operational information on a "web dashboard" which combines multiple information sets derived from the one-of-a-kind PASSUR database, and tools for coordination, communication and consistent information sharing among all users.
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.
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