PASSUR Aerospace Reports Revenue Increase of 18% for Fiscal Year 2009

STAMFORD, Conn., Feb. 1 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR), a business intelligence and predictive analytics company, announced a revenue increase of 18% to $8,960,000 for the year ended October 31, 2009, compared to $7,572,000 in FY2008. Operating profit for FY2009 was up approximately 16% to $1,271,000 compared to $1,094,000 in FY2008. Net profit was $154,000 or $.03 per diluted share compared to $495,000 or $.09 per diluted share in FY2008. Highlights of fiscal 2009 include:

• American Airlines and US Airways purchased the PASSUR Arrival Management System at their key airports.

• The PASSUR Surveillance and Information Network now covers over 180 worldwide airports, the largest commercial network of its type in the world. This network brings us closer to achieving our goal - and our customers' goal - of an independent, worldwide, gate to gate network of flight tracking and airspace information.

• We launched the PASSUR predictive analytics program - the first of its kind - which provides an outcomes-based prediction of air traffic performance. The program enables customers to plan more effectively for upcoming air traffic conditions while optimizing their operational procedures and business practices.  

• We launched our Airport Network of Field Condition Reporting - next-generation capabilities that provide operators timely, accurate, and complete field condition reporting for more cost-effective, efficient, and safe traffic management decisions. This program is unique to PASSUR and has been purchased by ten leading North American airports.

• We added to our vertical business intelligence capabilities in aviation by launching the PASSUR Professional Services Program, an extensive team of former FAA, airline and airport personnel, as well as commercial, corporate, and military pilots, with significant experience in air traffic management, airline and airport financial analysis, and airline and airport operations. This program provides outsourcing services for complex operational projects requiring a strong collaborative component.

"Even with the challenging economic environment for our customers, PASSUR's sales growth reflects strong customer demand because of the Company's focus on providing measurable and actionable solutions which save our customers money, and improve the safety and security of the airspace," said Jim Barry, PASSUR Aerospace's President & CEO.

"This is our fourth consecutive year of profitable growth, we continue to grow our sales, and we're optimistic about achieving our objectives," said G.S. Beckwith Gilbert, PASSUR Aerospace's Chairman of the Board.

About PASSUR Aerospace, Inc.

PASSUR Aerospace, Inc. is a business intelligence company which provides our customers predictive analytics built on proprietary algorithms and on the concurrent integration and simultaneous mining of multiple databases. We believe we provide the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves dozens of airlines (including 6 of the top 7 North American airlines), over 50 airport customers (including 10 of the top 15 North American airports), and more than 200 corporate aviation customers. PASSUR's system is driven by our proprietary, patented, business intelligence software which is powered by a unique North American network of 122 passive radars, company-owned, with one located at each of the top 35 U.S. airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision-making.

Visit PASSUR Aerospace's web site at http://www.passur.com for updated products, solutions, and news.

Forward-Looking Statements

The information provided in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans, objectives, and expected performance.  

The words "believe," "may," "will," "could," "should," "would," "anticipate," "estimate," "expect," "project," "intend," "objective," "seek," "strive," "might," "likely result," "build," "grow," "plan," "goal," "expand," "position," or similar words, or the negatives of these words, or similar terminology, identify forward-looking statements. These statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks and uncertainties, and a number of factors could cause the Company's actual results to differ materially from those expressed in the forward-looking statements referred to above. These factors include, among others, the uncertainties related to the ability of the Company to sell subscription-based information and software products and other product lines (due to potential competitive pressure from other companies or other products), the current uncertainty in the aviation industry due to terrorist events, the war on terror, increased fuel costs, airline bankruptcies and consolidations and uncertainties related to general economic, political, business, industry, regulatory and market conditions including, without limitation, uncertainties related to the impact on us, our customers and our suppliers, and the global economic recession. Other uncertainties which could impact the Company are uncertainties with respect to future changes in governmental regulation and the impact that such changes in regulation will have on the Company's business. Additional uncertainties are related to: a) the Company's ability to find and maintain the personnel necessary to sell, manufacture, and service its products; b) its ability to adequately protect its intellectual property; c) its ability to secure future financing; and d) its ability to maintain the continued support of its significant shareholder. A further list and description of risks, uncertainties and other matters can be found in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2009, and in its reports on Forms 10-Q and 8-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which relate only to events as of the date on which the statements are made and which reflect management's analysis, judgments, belief, or expectation only as of such date. The Company undertakes no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

SOURCE PASSUR Aerospace, Inc.

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