Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

ASYI – They’re “WACKING & JACKING” the videos again!!!!!!!!!!!
LOLOLOLOLOLOL!!!!!!!!

I nearly fell out of my chair laughing when I discovered this most recent bit of OUTLANDISH deception that’s been done by the ASYI insiders … all to make you believe that ASYI is dead and has no value … when in fact it’s NOT dead, but very much in business and MAKING money from its sales of the JetEngine software!

Several months ago, I posted a link to a very interesting video regarding an interview of ASYI’s former CEO, Stephen Johnston. The video was dated, August 9, 2011 … just one month to the day that he “resigned”. Please also remember that AERO was first created in April of 2011, and that the founder of WestJet Airlines and the former CEO of American Eagle Airlines both joined the Advisory Board of AERO in June of 2011.

You’ll probably recall the video because of the fact that the female interviewer was a very beautiful young Indian woman.

But she’s more than beautiful … she’s also very famous in financial media circles because of her amazing ability to get interviews with the CEOs of very interesting, up and coming hi-tech and software-development companies. Her name is Larysa.

In the video link that I posted, she is shown listening to CEO-Johnson describe the power of ASYI’s JetEngine software, and the marketing success that its beginning to enjoy (remember, the video was released on August 9, 2011, just one month before he “resigned”)..

The link to that video is set forth below, so click on it, BUT DON’T ATTEMPT TO ACTIVATE THE VIDEO. DON’T TOUCH ANY CONTROLS. INSTEAD, SIMPLY WAIT FOR THE FEW MOMENTS THAT IT WILL TAKE UNTIL THE PICTURE OF LARYSA AND CEO-JOHNSTON APPEARS.

Once their picture appears, then attempt to activate the video. You will immediately receive a message that says “This video is private”.

http://www.butterfunk.com/video-watch-27/larysa.htm

QUESTION: So why has this two-year-old video suddenly become “private” when it was never “private” before????

Now, scroll down the page to “Related Video Catagories”, where you will find lots of other video interviews by Larysa. If you play with the selection box you will see that she has had interviews with hundreds of other CEOs … AND NOT ONE OF THOSE INTERVIEWS IS BLOCKED AS BEING “PRIVATE”!!!!!!!!

QUESTION: so why was (and is) the interview with ASYI’s ceo so special that it’s now been blocked so that we can’t see it anymore???

The reason is something that I didn’t understand when I first posted the video several months ago … but now understand fully.

In the last 30 seconds of the video, Larysa asks CEO-Johnston the following question: “So how many companies have purchased your software?” And CEO-Johnston immediately replies as follows: “Two … and we’re now working on a third one.”

SO WHO WERE THOSE TWO COMPANIES THAT ACTUALLY “PURCHASED” THE JETENGINE SOFTWARE … AND WHO WAS THE “THIRD ONE” THAT ASYI WAS “WORKING ON”, EH?

1. The very FIRST company was AEROMexico, back in 2007, which entered into a whopping FOUR-YEAR contract (at $1,000,000.00 per year) with ASYI that ended in June of 2011.

This is clearly apparent from ASYI’s 2011 10K filing, for the year ended December 31, 2010:

The Company entered into a contract with an airline customer [AERO MEXICO] in June 2007, wherein the customer provided the Company with a $1,000,000 initial fee. The Company deferred recognition of revenue for this initial fee until deployment and acceptance of its product. The contract terms of the jetEngine Software License Agreement with this customer ended effective June 7, 2011 at which point, the initial fee of $1,000,000 was recognized as revenue as there were no further obligations to deliver any products or service

2. The SECOND company that purchased the JetEngine software (for an as yet undisclosed term) was Turkish Airlines, which is the third largest airline in Europe, and the fastest growing airline in the entire world, with over 16,000 employees, 36 Million passengers (in 2012) and with over $9 BILLION of earnings (also in 2012). Its destination network, of over 99 countries (and still expanding) is the largest in the entire world. It’s also one of the world’s most profitable airlines. Turkish Airlines made its purchase of the JetEngine software in June of 2011 (shortly after the founder of WestJet Airlines, and the former CEO of American Eagle Airlines both joined the Advisory Board of AERO.

http://www.nbcnews.com/id/39439554/ns/business-press_releases/t/aisystems-enters-product-evaluation-arrangement-major-european-airline/#.UcogkdjEeSp

3. The THIRD company that CEO-Johnston said that he was “working on” back in August of 2011, was an undisclosed “MAJOR AMERICAN AIRLINE THAT HAD ENTERED INTO A BETA TEST WITH ASYI”. The following link is dated June 21, 2011, and was posted to the World-Wide-Web 6 weeks before the video with CEO-Johnston was made:

http://www.marketwire.com/press-release/aisystems-otcbb-asyi-announces-major-airline-is-beta-testing-jetengine-business-planning-otc-bulletin-board-asyi-1529533.htm

So this all explains “why” the video was pulled: the ASYI insiders didn’t want us to connect the dots and begin to understand that as far back as 2 years ago, ASYI had clients who had purchased the JetEngine software, and that ASYI was actually earning substantial revenue as a result of those purchases. It also seriously questions the business sense of Dynamic pulling its software license with ASYI … JUST WHEN ASYI IS STARTING TO DO VERY WELL!!!!!!!!

But pulling the video still doesn’t explain “why” the revenue from the 1st, 2nd and possibly 3rd JetEngine software contract has not yet appeared in its financial statements … and therefore makes it appear to us as though it is “dead” and out of business.

The answer to that very important question is the “magic” of what’s called “ACCRUAL-BASED ACCOUNTING” in the software development industry … and I’ll be posting some VERY important information about it (and ESPECIALLY the Turkish Airlines contract shortly).

And by the way … ASYI not only charges its customers a whopping $1,000,000.00 per year for the right to use its JetEngine software package (which contains 4 separate software programs) … but it also charges an ADDITIONAL fee of forty-cents per paying passenger per year to use the software. Doesn’t sound like much? Try multiplying forty-cents by Turkish Airlines’ 36 MILLION passengers flown annually. THAT AMOUNTS TO A WHOPPING $14,400,000.00 OF ADDITIONAL REVENUE PER YEAR … and it ALL stays off ASYI’s balance sheet by virtue of the “magic” of accrual-based accounting … of which I’ll be posting about at a later date.

Until then, it’s enough to know this … ASYI is not only STILL in business … BUT IT’S ALSO EARNING SUBSTANTIAL REVENUES … EVEN AS I WRITE THIS POST TO YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

GO ASYI
GO AERO
GO GCS
GO AEROMEXICO
GO TURKISH AIRLINES
GO “UNDISCLOSED MAJOR AMERICAN AIRLINE”
GO ACCRUAL-BASED ACCOUNTING!!!!!!!!!!!!!!!!!!