GREENWICH, Conn., May 8, 2008 — PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that its new stock symbol is PSSR. On April 16, 2008, stockholders of PASSUR Aerospace, Inc. voted at the company’s annual meeting to change the company’s name to PASSUR Aerospace, Inc, from Megadata Corporation (OTC Bulletin Board: MDTA).
The new company name is intended to reflect the strong, globally-recognized PASSUR brand, which is synonymous with accuracy, reliability, and comprehensive aviation intelligence.
About PASSUR Aerospace
PASSUR Aerospace is changing how 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 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 organizations. PASSUR Aerospace 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; 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 January 31, 2008 10Q.
Contact:
James T. Barry
President & CEO
(203) 622-4086
