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RonnieD...I'm just checking in and must say, this is showing a great baseline and simply looking forward to continued good days here.
Hoping your week is a good one.
Vitamin DD
Boeing Field/King County International Airport Contracts for PASSUR Landing Fee Management Program
Need for More Efficient, Less Costly Processing of Landing Fees
GREENWICH, Conn., Sept. 29 /PRNewswire-FirstCall/ -- 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
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Megadata Corporation
Thank you very much for the update.
Very positive.
613,000 Share Float Reconfirmed with CFO.
I called and spoke with Jeff Devaney immediately after submitting my last post. Jeff was very cordial during our conversation.
He said it is great to see market activity begin to occur on their stock and the price rise that has accompanied it. I refreshed him about our discussions of the float and directly asked him if it remained at only 613,000 shares. Without hesitation he said it has not changed, and said the float remains at 613,000 shares.
He confirmed even better news by clarifying the nature of the shares held in the O/S. I was concerned they were restricted and held by those other than officers.
He confirmed that the shares of the O/S are in no way restricted but are closely held by the officers/owners of the corporation. Given the share structure and ownership and control issues, these shares are not likely to leave the officer's hands in the foreseeable future.
I asked about the operations of the company, and he was more vocal about what has occured, especially with the USAir deal. He feels their competetion is limited to 3 or 4 companies, but that MDTA serves a market and needs that the others cannot provide. With this, they are actually setting the standard and creating their own market by offering the complete package to airports, airlines and airplane companies. Because of today's world, this spurs the urgent importance that accurate information be communicated seemlessly in airline industry.
Their FY ends 10-31 and they have 90 days after that to file their 10K. He didn't know what time frame the company would follow to file the 10K. He said not to be worried if we don't see it until after the new year in Jan, nor surprised if it's filed prior to that.
I'm looking forward many good days to come with this investment.
Vitamin DD
A trade of 1000 shares went through at $3.10 at noon.
This was immediately followed by a trade of the same amount at either $2.51 or $2.52. This followed by a miniscule trade at $2.50.
The bid and ask are (and have been) at $2.75/$3.05.
To test this, I filled a small test trade 1/2 hour ago at the ask of $3.05, and on A-trade it didn't even register in their listed ticker. Through the time of writing this post, A-trade has the volume at still 4,375 at a price of $2.50.
At 3:50pm I checked the A-trade ticker and it now reads 4,875 at a price of $2.75.
That 500 block at 3:50 wasn't my 3:30pm trade.
This is just a FYI post detailing the journey of our low floater. It's been awhile since I've been able to watch the market close.
Vitamin DD
Nice support indeed.
This stock speaks to those seeing this as a long term investment. As more hold with news and financials to come our way, there's only one way for this to go with a float under 700,000 shares.
Have a great Thursday Ronnie and all.
Vitamin DD
Hi DD
where's the sellers ? nowhere to be found.
Look who is the leading percentage gainer....
in the computer software industry for the last 2 months:
http://www.marketwatch.com/tools/industry/focus.asp?bcind_ind=9537&bcind_sid=171599&bcind_pe....
and the last month:
http://www.marketwatch.com/tools/industry/focus.asp?bcind_ind=9537&bcind_sid=171599&bcind_pe....
Not too shabby. : )
I'm not going to cram DD into this one post, however I will make a series of posts through the next week or two to clearly show how undervalued MDTA still is. Comparative analysis is useful to do this, especially because I will show stocks from the same industry (DJ US Softward Index) and focus on market caps of these stocks and then peek at their financials and profile (what they do) compared to MDTA.
The stocks I will select are those within MDTA's industry which have revenue between $0 - $50 million per year, and with low or modest O/S totals much like MDTA.
The first stock used in this analysis is MOSY.
* Mosys Inc. designs, develops, markets and licenses memory technologies used by the semiconductor industry and electronic product manufacturers.
* Their revenue for 2005 = $12,000,000
* They LOST $3,000,000 ($2.98M is the exact NL) in 2005
http://www.marketwatch.com/tools/quotes/financials.asp?symb=mosy&sid=2338755&siteid=mktw
* They have an O/S total of 31,000,000 and a market cap of $217,000,000! They closed Friday at $6.93.
OK, given this let's adjust MOSY's stock price and translate it based on MDTA's revenue and share structure.
MOSY's 2005 revenue is approximately 4 times larger than MDTA's.
-So, $6.94 / 4 = $1.73
However, MDTA's O/S is 7.5 smaller than MOSY's.
-So $1.73 x 7.5 = $12.97
MOSY's bottom line is not good. They are losing 3 million per year while MDTA turned a net profit for the first time this past quarter which was reports in their 10Q. In my opinion the news of the growing customer base for MDTA will only be better received by the market because of their ability to now turn profits. If MOSY is growing their custmer base only to report even larger net losses, how much better will the market respond to the news of MDTA especially if they continue to show profitable quarters?
At $12.97 per share that puts MDTA's market cap at $53 Million based on their 4.1 O/S total. That seems reasonable given what we see in the market that has little or no value, yet show market caps even above $53 Million.
But sports fans, the tradable float for MDTA is under 700,000 shares! So what does that mean? Who knows, but it sure is a formula for something very good.
Please note that this type is DD is NOT being brought to forecast an exact price where MDTA should be trading. The market will determine this. The DD I'm bringing to the boards simply points to the opportunity that exists as news keeps coming, good quarters keep rolling in and more investors buy into this beauty.
PR's and filings showing additional promise and value will demonstrate one of the purest supply and demand type reactions you'll see out there. Those holding the tiny float will be rewarded because if the value and share structure continue to support a much higher price, the market will have no problem moving the price to those levels in effort to facilitate trades for eager buyers.
Hoping everyone has a good first week of fall!
Vitamin DD
Yes, by all means travel every week ! just kidding.
DD, I'm looking very forward to reading what you present concerning our investment here.
I didn't sell one share.
Thanks for all you have contributed and for bringing this wonderful opportunity to my attention.
Ronnie.
Should I plan to be busy every week?
Very nice view to come back to.
G'evening guys. Six hundred twenty miles in the last 3 days, 12 audit visits, with only 2 left to finalize.
Even though MDTA should continue to reward long term shareholders, the smile I have right now is sweet in seeing the incredible price response given just a moderate rise in trading activity.
A 660K float on an emerging company in a key industry tends to do that. : )
I did some more in depth Fundemental Analysis earlier this week which I'll finish up and post to the board this weekend.
This week is proof of what we have here. Hopefully what I'll humbly offer can bring additional light on the real potential even at current levels.
Congrats guys. Again for me, I'm holding this one for a very long ride.
Vitamin DD
I see you started a new board ADMD.
I am checking it out now it has a little bid of a spread
but no big deal look at Megadata Corp I held back because of the spread .80 to 1.01. Big mistake on my part.
Congrats!!!!!
nope, I didn't ring the register. Let's see what Vitamin DD says when he returns. I'm holding all and letting the sudden increase continue as long as it shall. 5 dollars could be a barrier, but I don't think there are shares available for shorting which would be usual. Very exciting last couple days for sure.
Did you ring the register today Ronnie.
Looks to me like something big is going down may be a takeover!
unbelievable !! the float is 600k but must be tightly held.. what's really available, 20k ? it just went from 2.00 to 3.00 on 2k volume !!
Goodluck buddy watching this one too could be a big payday for ya!
Cheers!!!!
Last $3.00 WoW
Someone wants the stock today it's already $ 2.00
I agree fully with your assessment of the financing deal.
Ronnie, 4.5% interest is financing that any emerging company would love to get. It is very advantagous that the significant shareholder in this case is able to provide this to the company. Hence, a 4 million O/S remains in place without threat of unreasnable dilution, and that greatly benefits shareholders.
Management also has a very good arrangement with a manufacturing firm at a cost at or below what is normal for their market. The is mentioned in their recent 10Q.
This year is the emergence of this company not only operationally, but for establishing market share in large tech driven niche market.
Finally 2006 is a turning point financially. From the latest 10Q, "The Company had a profit of $22,000, or $.01 per diluted common share, during the three months ended July 31, 2006."
Nope, it's not a lot, but it's a turning point of profitability that many emerging companies see after a period of time. It is a positive when MDTA is seeing this financial turning point this early in the beginning stages of their market acceptance.
The continued stable revenue growth, low O/S, and product acceptance are in my opinion the three keys which will fuel this company's pps growth.
Have a good nite buddy. I won't likely be on until possibly Thursday or until the weekend.
Vitamin DD
what do you think of the loan that the chairman gave the company which is coming due in November, it's the primary part of their liabilities. It was structured at 4.5% which is very low, and seeing he is the top shareholder what do you think will be the ultimate effect of the loan ?
I'm hoping next quarters net shows a higher increase than last quarter.
So many aspects to this play; growth, niche, clean management, an opportunity to have a true stake as a shareholder.
G'Evening RonnieD
My response to today is very positive. But stepping back, as an investor who has done the DD, you have to say to yourself this...
This stock is still a buy!
Now for me the picture has been clear since spring and has only gotten clearer. The fundementals are as impressive as a lighted billboard in a desert. There are no games with this company. You have verifiable news that in my belief will only get better. The products and services of Passur serve a market that is a vital market, especially in our post 9-11 world.
I look at these factors and say...Yes, without a doubt MDTA is a buy even at this level.
As news continues to show their growth, with a float this low I have no prediction how high this stock could go.
If you compare market caps to other stock of companies that have little going for it, then I have to conclude MDTA's future could be as bright as they come.
We are still at a market cap of under $8 million, and from the DD I have done with the CEO in the spring and last week Ronnie, you and I both know what the float is for this stock. For those doing DD, one of my posts back in May reveals the float total.
I added more last week, taking what I had in a position from another play to do so. I am not going anywhere and certainly not selling.
We all have heard other say (and we have said it ourselves), 'if only I was in XXXX from the beginning...'.
My view is that anyone buying MDTA over the next 2 years is getting MDTA at it's beginnings.
However those now in it got it at the infancy stage which for that all I can say is, let's enjoy the view along the way.
Vitamin DD
what a day. 2000 shares brought it from 1.40 to 1.80. This is unreal !! Just a few days ago I thought 1.25 was a surprise !!
holy chihuahua
RonnieD. Very good post and they mirror my thoughts
of the very real possibilities that are ahead for MDTA.
It's beautiful here. Off to enjoy a weekend.
Vit DD
Thank You, you have a great weekend also.
I concur with everything you said about this stock. Rarely do you see such a combination of qualities in an investment.
This will still be a buy at $ 3 .. that's still only a 14.7 mil total market cap. It doesn't take a swami to see a forward split in the future. Possibly even a takeover target and you know they will not sell their market share and technology for less than a handsome figure.
G'Afternoon RonnieD, in my travels
(which thankfully have ended for this week), no matter what exciting young company I am auditing, they want managed growth rather than explosive growth. I could tell you examples of two such buinesses this week where managable growth is part of their corporate mission.
Megadata defines managed growth. The exciting aspect of Megadata's operation is the quick acceptance of their products and services by the biggest players in the airport and airlines industry. Anyone looking at each PR over the last year can see the domino effect, where bigger and bigger airlines and airports are signing on to Passur.
Obviously you and I agree this trend will not stop. I think ours is a even broader view beyond that with regard to pps growth. The share structure is like I have never seen from a company with so much going for it.
I see other companies with market caps in the tens or hundreds of millions of dollars that have not generated any revenue and have no real verifiable operations, yet here this gem sits currently with a market cap of under $4 Million!!!
You nailed by by saying that market acceptance is needed, but my friend it will come. I've posted before that before long the news and fundementals of this company will be too much to ignore.
I'm based in three small market plays right now (including MDTA), all with great prospects. Even though the other two are very good plays, they don't have what MDTA has going for it across the board, especially an O/S just over 4 million shares.
I'm not going anywhere with this one for quite a while.
Have a good one buddy. Off to schedule for next week and then looking forward to relaxing this weekend.
Vitamin DD
strange. i broke the long silence with 5k bought at .95, then immediately someone chases it with a buy as high as 1.11..then a sell at .90, and an adjustment to 1.01 bid x 1.25 ask !
US AIRWAYS SELECTS PASSUR® PRODUCTS FOR MULTIPLE LOCATIONS
KEY FOR COST CONTROL DURING EXPANSION, AND PROVIDING EXACT INFORMATION TO CUSTOMERS
Greenwich, CT, Sept. 15, 2006 — Megadata Corporation (OTC: MDTA) announced today that US Airways has contracted for PASSUR applications at US Airways’ major hubs and large Northeast stations to help improve baggage and on-time performance and enhance the customer experience in a cost-effective way. PASSUR applications began rolling out at Phoenix, Philadelphia, Charlotte, New York LaGuardia, and Washington National August 1.
“We’re excited by the savings and improved customer satisfaction that will come from the proper integration of the product into the work systems of US Airways. We anticipate eventually implementing additional PASSUR applications in multiple phases throughout the airline,” said David Seymour, Vice President Operations Control and Planning for US Airways.
“We’re excited to be delivering our targeted solutions, focusing on the Systems Operations Center as well as their individual stations,” said Ron Dunsky, Megadata Vice President of Marketing and New Product Development. “We’ve been impressed by the US Airways’ methodical approach to their solution purchase and look forward to a thriving partnership,” said Jim Barry, Megadata President & CEO.
PASSUR airline solutions are realized through the integration of pinpoint prediction of arrival times, instant airspace analysis, and thorough post operations evaluation tools. In the first phase, US Airways will be using PASSUR solutions at the station operations level to:
Improve aircraft “met at the gate” numbers, so that airplanes are not waiting for staffing at gates to complete their flights.
Provide more timely and accurate information about meeting airplanes to improve baggage handling and dependability.
Optimize hold/no-hold decisions – PASSUR helps airlines make better decisions about releasing flights in time for connections; and
Analyze historical databases, allowing improved post-operative evaluations.
The next phase of implementation will focus on System Operations issues, including:
Optimized fuel management through more accurate predictions of aircraft hold times in the terminal airspace.
Real time decisions support to mitigate diversions related to weather and ATC issues.
Continued evaluation of airport/airspace utilization allowing improved operational decisions.
US Airways and America West's recent merger creates the fifth largest domestic airline employing nearly 35,000 aviation professionals. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. US Airways is a member of Star Alliance, which provides connections for our customers to 842 destinations in 152 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com (LCCG).
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.
Thanks for the update.
I think the company is ready for some investment exposure, it appears needed. Still, I'm sure officials are aware of this and have a plan.
The smiles continue with MDTA. O/S 4.9 & holding.
The company is the real deal. I spoke with the company's CFO, Jeff Devaney (the same gentleman I spoke with in the spring). My tone was respectful knowing going in that with legitimacy, no officer of a company will say much beyond what is published in the news or filings. And true to form, that is exactly how he conducted our discussion.
No disussusion was about future events. He did agree that the same effort is occurring within the company to produce the same great results they have delivered in 2006 so far. The product is for now focusing on the US market and is very well received. The growth and testimonies speak to how their product is being well received.
The O/S was confirmed and that is how I left it with him. No pump and no spin. Only professionalism came from him during our discussion.
With any great growth news continuing, especially in this very important market that they serve, this is a great entry to consider.
Vitamin DD
you have a good one also and thank you so much for bringing this wonderful opportunity to my eyes.
Very nice indeed.
They don't surface often.
Have a good on Ron!
Vit DD
I am looking forward to you helping, but regardless.. this a 5 bagger and we know it..isn't it nice to KNOW that.
RonnieD, good post and....
a long term hold like this is definitely a different animal all together than the short term small market plays.
Some of those plays last 10 minutes, 10 hours, 10 days, but rarely ever last 10 months. lol
Most if not all small market stocks are nothing more than momentum trades based on different short term factors and the buzz on the boards. Some people make money trading, but it's a heart attack ride trying to do so. It's a very tough game to beat given the dilution and suspect trading practices going on behind the scenes.
Solid plays like MDTA will take time, but the improving fundementals over time should support the pps you mentioned in your post and an even higher beyond that.
From now til after the holiday is jammed here, so I'll check in but be more active in DD through next month.
Here is the firm Megadata contracted as mentioned in yesterday's PR:
http://www.central.aero/
Pretty impressive group. Add that to the signings we see in the PR's this past year and a 4 million O/S, and it's a play that should treat us right.
Vitamin DD
you know the whole truth, DD. But we just can't get ihubbers or any chasers to plop their retirement on MDTA.. you know me.. I know this company is 2.00 next year.. but we do this ourselves. It might help if the company did a little advertising. But they choose not to.
RonnieD...More & more positive news continues.
This year's news will certainly reflect in upcoming Q's and K.
There will be a point when the continuing news and fundementals of this company will be too remarkable for the market to ignore.
This stock would still be considered cheap at twice the current price.
As we've both stated, this isn't the typical small market stock. Those now in at these levels should be rewarded in the long term. This board won't resemble the other small boards which will be good for those in this play and for those considering it as part of their portfolio and wanting to learn more. Hopefully this board will shed some long overdue light to the best low float play I've seen in quite a while.
Their latest 10-Q confirms their committment to advance operations with no dilution mentioned or in site. The news we have seen in 2006 goes far to anticipate increasing revenues and potential from MDTA.
As time allows with my schedule over the next month and beyond, I will try to develop additional DD and bring it to the boards.
Let the good news & revenue keep coming.
Vitamin DD
August 28, 2006:
Central Flying Service Selects PASSUR(R) FBO Product Suite
GREENWICH, Conn., Aug. 28 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC: MDTA) announced today that Central Flying Service, Arkansas' oldest general aviation business, has purchased PASSUR FBO, to include PASSUR Portal(TM), PASSUR Pulse(TM), and PASSUR inSight(TM) to manage operations and marketing.
'Central Flying is an innovator -- we have a list of firsts dating back to 1939, and we believe PASSUR FBO is an innovative product suite,' said Dick Holbert, Central Flying's CEO. 'PASSUR appeals to us because it provides a number of ways to further improve service to our customers, through the best arrival information, as well as marketing information that's otherwise very difficult and time-consuming to access.'
'Central Flying has a premier reputation and we're on the same sheet when it comes to working with customers -- introduce continuous innovations to thrill them at every turn,' said Jim Barry, Megadata President and CEO. 'Working with Central Flying also marks our first entrance to Arkansas, and we're pleased to be working with the largest full-service fixed-base operation in the world measured by square feet under roof, over 570,000 in 22 buildings.'
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a-kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
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 U.S., 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 April 30, 2006 Form 10-Q.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587- 9672
rondunsky@passur.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Megadata Corporation
Source: PR Newswire (August 28, 2006 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
Dallas Love Field Airport Selects Multiple PASSUR(R) Products
Landing Fee Management, Operations Performance and Community Relations
GREENWICH, Conn., Aug. 14 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA.OB) announced today that Dallas Love Field Airport has contracted for PASSUR Pulse(TM) software for landing fee management, PASSUR inSight(TM) and PASSUR Portal(TM) for real-time management of operations.
'We have a lot of different needs that are addressed by the PASSUR suite of products, and are impressed by the breadth of value and capabilities delivered from the same source,' said Carolyn McKnight-Bray, Interim Director of Aviation, Dallas Love Field Airport. 'We did our due diligence and were impressed with the positive feedback from the airport community about PASSUR solutions. Once we saw that the landing fee audit tool was going to allow us to maximize our revenue and better serve our airline customers, signing up for the rest of the suite fell into place.'
'It is great to have our airport customers validate our vision for the industry, which is to empower them to make smart, cost-effective decisions by providing access to the best information using cutting-edge platforms,' said Jim Barry, Megadata President and CEO. 'We are thrilled to be chosen as a partner to Dallas Love just as the airport is poised to embark on further robust growth.'
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.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement and the renowned PASSUR ETA.
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 April 30, 2006 Form 10-Q.
Contact:
Ron Dunsky
(631) 589-6800
(917) 587-9672
rondunsky@passur.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Megadata Corporation
Source: PR Newswire (August 14, 2006 - 6:45 AM EST)
News by QuoteMedia
www.quotemedia.com
Global Security Associates, LLC Purchases PASSUR(R) Software Suite
Ensures Security Assets Are Prepared at the Right Time and Place
GREENWICH, Conn., Aug. 7 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA.OB) announced today that Global Security Associates, LLC has contracted for PASSUR web-based flight information tools, including PASSUR Portal(TM), PASSUR Pulse(TM) and PASSUR inSight(TM).
'A key part of any security company's responsibilities is being prepared with the right assets at the right time,' said William McGuire, CEO of Global Security. 'The PASSUR tools allow us to make the most efficient use of our employee assets, ensuring we're properly prepared for our customers' VIPs. In addition, the collaborative tools provide a global picture of the entire airport - helping us to anticipate problems and plan accordingly. We've never witnessed such accurate and reliable arrival information.'
'Security companies are a new market for Megadata - they too need timely, accurate information to manage their assets, and our Web-hosted tools allow them to view the information anywhere at anytime,' said Jim Barry, Megadata's President and CEO.
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
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.
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 the April 30, 2006 Form 10-Q.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587-9672
rondunsky@passur.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Megadata Corporation
Source: PR Newswire (August 7, 2006 - 6:45 AM EST)
News by QuoteMedia
www.quotemedia.com
JetBlue Airways Selects Multiple PASSUR(R) Products
GREENWICH, Conn., July 20 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC: MDTA) announced today that JetBlue Airways has contracted for multiple PASSUR applications to enhance operations and reduce costs. Application software to be used includes PASSUR Portal(TM); PASSUR Pulse(TM) and FlightPerform(TM).
'Today we're looking for every opportunity to reduce costs while continuing to provide our superior service; the PASSUR suite of tools helps us to be ready for aircraft when they arrive, connect customers more efficiently, and analyze our operations to ensure we are maximizing productivity,' said Michael Welch, Director of Operations, JFK. 'The people from Megadata listened to our key issues and returned with targeted solutions -- we have a good partnership.'
'JetBlue had a unique set of challenges and our development and marketing team assembled the right package to address their requirements,' said Jim Barry, Megadata President and CEO. 'Every dollar counts today and we're continuing to develop product innovations that help airlines reduce costs, while providing operational improvements that flow directly to the customer in the form of better flight status information, on-time performance, and completed connections.'
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives airlines easily distributed access to operations and performance reports from the unique PASSUR database of flight information, through a secure web site.
FlightPerform is the industry 'gold standard' for airspace visualization, for those customers that need the most dependable, reliable capability to guide their operations in real time. FlightPerform is a live flight and airspace analysis and awareness system using air traffic management-style displays and tools, used by airlines and airports for real-time dispatch, arrivals and facilities management.
About JetBlue
In the six years since its launch, JetBlue Airways has focused on creating a new airline category -- an airline that offers value, service and style. Based out of New York City, the low-cost carrier currently serves 40 destinations with more than 440 flights daily. Onboard JetBlue, customers enjoy roomy leather seats and 36 channels of free DIRECTV(r) programming, the most live TV available on any airline. (DIRECTV(r) service is not available on flights outside the continental United States; however, where applicable FOX InFlight is offered complimentary on these routes. FOX InFlight is a trademark of Twentieth Century Fox Film Corporation. JetBlue's in-flight entertainment is powered by LiveTV, a wholly owned subsidiary of JetBlue.) On flights longer than two hours, a selection of first-run movies and bonus features from FOX InFlight(tm) is also available. JetBlue offers customers generous brand name snacks and beverages, including freshly brewed Dunkin' Donuts coffee, and delicious wines selected by the airline's Low Fare Sommelier, Josh Wesson from Best Cellars. On overnight flights from the West, the airline now offers Shut- Eye Service, with a Shut-Eye Kit(tm) designed exclusively for JetBlue by Bliss Spa and other special amenities including a 'good morning' hot towel service. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JETBLUE (1-800-538-2583) or visit www.jetblue.com.
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 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 April 31, 2006 Form 10- Q.
SOURCE Megadata Corporation
Source: PR Newswire (July 20, 2006 - 8:01 AM EST)
News by QuoteMedia
www.quotemedia.com
Northwest Airlines Purchases PASSUR Upgrades at All Hubs
Enhancements Provide Up To A 25% Improvement in Estimated Times of Arrival (ETA's)
A significant cost savings to the airline
GREENWICH, Conn., July 6 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Northwest Airlines has purchased a subscription to the PASSUR(R) ETA (Estimated Time of Arrival) feed (RightETA(TM)) for each of its hub operations. Northwest currently subscribes to PASSUR FlightPerform(TM), real time flight status and airspace visualization software, at several hub locations and at their Systems Operations Center.
'We have tangible, quantifiable data that demonstrates that the PASSUR ETA improves several key Northwest operational and customer metrics,' said Jeffrey D. Hart, Director of Customer Service, Operations Control/MSP of Northwest Airlines. 'Before PASSUR, we were using technology that was considered the most accurate method of ETA calculation; but with PASSUR, we realized significantly improved ETA's translating into real savings. An accurate ETA is the lifeline of a hub operation, because it drives so many other systems and business processes. We have conducted a thorough analysis -- with live operational implementation -- to prove that the PASSUR ETA is a superior ETA, and that the benefits of the better ETA contribute to a more favorable financial position for Northwest.'
'Northwest Airlines, as a business partner, challenged us to meet their exacting standards to both thrill their customers with better arrival information and demonstrate that our system can improve their bottom-line,' said Jim Barry, Megadata's President and CEO. 'We're pleased with the results and look forward to contributing to Northwest's continued success.'
A significant study was completed by Northwest Airlines, comparing their old method of ETA calculation to the PASSUR ETA. In one part of the study, with a sample size of over 13,000 flights at Minneapolis airport, with 7,718 flights measured before PASSUR implementation, and 6,063 flights measured after implementation, the following was observed:
* Before PASSUR, 25% of estimates (1,930 flights) were off by
5+ minutes; after PASSUR, only 1% of estimates (61 flights) were off
by 5+ minutes.
* Before PASSUR, 5% of estimates (386 flights) were off by 10+ minutes;
after PASSUR less than 1% of estimates were off by 10+ minutes.
* PASSUR is most helpful during irregular operations, and did not result
in a degradation of ETA accuracy, as was the case with other methods
of ETA calculation during the same conditions.
* During one day of irregular operations, 64% of flights would have
shown a better ETA with PASSUR than with the old method and only 1%
would have been worse off with PASSUR.
RightETA(TM) is one of a suite of information and software subscription products provided to airlines, and has been demonstrated to be the most accurate ETA available in the market, powering airline systems such as gate management, scheduling, passenger flight information, and baggage management. The PASSUR ETA is derived from algorithms which are fed by multiple data sources in real time, including flight position information from the network of PASSUR radar systems installed throughout the country. It is calculated by tracking multiple real-time metrics of the target flight as well as other nearby aircraft in the surrounding airspace, along with current and historic airspace conditions, resulting in an unmatched predictive capability. There is no equivalent product on the market today.
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 the April 30, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (July 6, 2006 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
D.M. Airport Developers, Inc., Operator of the Morristown Airport, Has Contracted for Multiple PASSUR Products
Provides Additional Near-Term Revenue to Airport
GREENWICH, Conn., June 30 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Morristown Airport (MMU) has purchased PASSUR(R) Portal(TM), PASSUR Pulse(TM), and PASSUR inSight(TM) to ensure the most complete collection of landing fees and to provide enhanced operational efficiencies.
'Morristown Airport had some unique challenges and we're very pleased we were able to 'crack the code' to provide substantive value,' said Jim Barry, Megadata's President and CEO. 'Our sales and technical teams are terrific at listening and targeting solutions to specific problems, in this case to help a growing GA airport collect landing fees they would have otherwise missed. We look forward to a good partnership with Morristown.'
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
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 inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
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 the April 30, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (June 30, 2006 - 1:33 PM EST)
News by QuoteMedia
www.quotemedia.com
Great Circle Flight Services in Anchorage, AK Contracts for PASSUR inSight, Portal and Pulse
'PASSUR Paid for Itself in Less Than One Month'
GREENWICH, Conn., June 12 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Great Circle Flight Services, LLC, a full-service FBO at PANC, has purchased PASSUR(R) Portal(TM), Pulse(TM), and PASSUR inSight(TM) to manage operations and marketing.
'PASSUR FBO generates additional revenue by allowing me to identify my most profitable business opportunities -- the annual subscription paid for itself in less than one month,' said Shaen Tarter, a Managing Member of Great Circle. 'In one of the most competitive markets, PASSUR is a key advantage -- I refer to it in my marketing material to demonstrate our dedication to service and quality. Between the accuracy of the data, the quality and competence of the service, and the ease of use, I found PASSUR to be far superior to any other product I evaluated. As a new company we were able to enjoy a six-month head start in our marketing efforts due to PASSUR's integrated flight tracking and database features. Every FBO would benefit from PASSUR's powerful system and excellent technical support staff.'
'We're pleased we can meet Great Circle's strict demands for accurate, timely data,' said Jim Barry, Megadata's President and CEO. 'We learn from all of our customers, and we look forward to a productive partnership with Shaen and his team at Great Circle.'
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
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 the January 31, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (June 12, 2006 - 8:32 AM EST)
News by QuoteMedia
www.quotemedia.com
General Mitchell International Airport Purchases PASSUR(R) Pulse(TM) Product
Provides Accurate Landing Fee Billing Information
GREENWICH, Conn., June 2 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Milwaukee County's General Mitchell (Milwaukee) International Airport (MKE) has purchased PASSUR Pulse Data Feed, providing accurate information to power the airport's landing fee management system. PASSUR Pulse will be integrated into the Airport Business Manager (ABM) system from GCR & Associates, Inc. based in New Orleans, Louisiana. The PASSUR component is part of a larger suite of products to be delivered by GCR.
'Landing fees account for a sizeable share of our airport's budget, we need a premier system to ensure accurate and timely billing,' said Tom Heller, Accounting Manager, of Mitchell International Airport. 'We chose the PASSUR tool, together with GCR, and are confident we've selected the best capability for our requirements.'
'This is our first product integration with Megadata and we're pleased we can together provide a substantive capability to General Mitchell Airport,' said Phillip Brodt, Vice President of GCR Corporation. 'The combination of the PASSUR database and products with our software and database solutions provides powerful solutions for addressing a myriad of airport challenges.'
'An accurate landing fee management system helps two of our biggest customer segments -- airports and major airlines. We're pleased to be working with General Mitchell International Airport as they implement this next generation program,' said Jim Barry, Megadata's President and CEO. 'GCR is a first class organization with a premier reputation; we believe we have many opportunities to work together.'
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
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 the January 31, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (June 2, 2006 - 8:24 AM EST)
News by QuoteMedia
www.quotemedia.com
Megadata Announces Contract With Ronald Reagan Washington National Airport for Multiple PASSUR(R) Products
GREENWICH, Conn., May 15 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC: MDTA) announced today that Ronald Reagan Washington National Airport has contracted for several PASSUR web products, to include PASSUR Portal(TM), PASSUR Pulse(TM), and PASSUR inSight(TM). Key applications of the PASSUR suite at the airport will be landing fee reconciliation and gate reallocation.
'Ronald Reagan Airport has the vision and understands the importance of a single source of comprehensive, accurate flight information which can be used throughout many different areas of their business, such as managing landing fee revenue and negotiating gate leases,' said Jim Barry, Megadata president and CEO. 'The airport is already using several PASSUR products for noise management and operations, and we're very pleased we can expand our value to the airport with these additional new Web products.'
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.
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 inSight is the only web-based flight following program that combines national en-route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real motion tracking and aircraft movement and the renowned PASSUR ETA.
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 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 January 31, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (May 15, 2006 - 8:02 AM EST)
News by QuoteMedia
www.quotemedia.com
All Jet Aviation (U.S.) FBOs Have Contracted for PASSUR(R) Web-Based Flight Information Tools
GREENWICH, Conn., May 4 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA.OB) announced today that all Jet Aviation's U.S. FBO facilities have contracted for PASSUR(R) web-based flight information tools, including PASSUR Portal(TM), PASSUR Pulse(TM) and PASSUR inSight(TM).
'We are always pleased to partner with companies who match our core mission,' said Theo Staub, President and CEO of Jet Aviation's U.S. operations. 'Accuracy is everything in our business; we serve the most demanding clientele, and we can never be surprised by an arrival. The PASSUR system is clearly a superior solution for real-time customer service. Its marketing advantages are a real plus as well; getting more sales with less effort is a winner in any business.'
'Our PASSUR information network provides FBOs an advantage in accuracy and precision -- allowing them to thrill their customers,' said Jim Barry, Megadata's president and CEO. 'Additionally, focus is everything for FBOs, and our marketing tools on the web allow them to focus on their most profitable business through a unique automated market segmentation process.'
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a 'web dashboard' of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
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 the January 31, 2006 Form 10-Q.
SOURCE Megadata Corporation
Source: PR Newswire (May 4, 2006 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
enjoy your time. by the way, as assistant you can add pictures, info, data anything you want to the i-box also.
RonnieD...it's GREAT to see the board up and running.
Ron, vacation travel starts on Monday. Late week family plans have us here through the weekend, but I won't really be able to add much DD until I return next week.
For now, a posting of the website in the board header would be an awesome addition.
http://www.passur.com/
There is A LOT within this site. All should take time to look through as much as possible.
Especially look at the 2006 news. This company has fully taken hold of a market, and the news this year has been impressive to say the least.
The O/S and float are very sweet. Simply an awesome long term play. When I return, I'll follow with the company for fresh DD to bring to the board.
Heading out to dinner and an evening out with friends. Have a good one guys!
Vitamin DD
hi lobster :) this is a buy and hold stock.. you can easily see it's not a trading stock. it cannot withstand buying without going up dramatically as you can see and there are no sellers here. the grand-canyon size spread that you see is because there are only 660k shares in the float. Yup. No typo.
4 million total shares.
Take a look at the press releases and you can only be impressed. Imagine what this will do to earnings. Imagine how many more airlines and airports will be using PASSUR. I don't think you get this kind of support from that industry without a long evaluation period.
I am learning more about this company. I see serious possibility of a large forward split by early next year.
Poster Vitamin DD turned me on to this. He's a busy professional and is currently on vaction but when he returns expect him to share more info here.
I started buying a few at .90 and .95.. like I said the low bid doesn't scare me off because I'm not looking to sell.
So Ronnie...what's the story with this one? Ate it's wheaties one morning?
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