PASSUR Hires Chief Financial Officer, David M. Henderson

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Aug 20, 2015, 08:30 ET

STAMFORD, Conn., Aug. 20, 2015 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC: PSSR), an aviation business intelligence, big data, and software solutions company announced the appointment of David M. Henderson as Chief Financial Officer.

Mr. Henderson joins PASSUR after spending four years as Chief Financial Officer at HealthPlanOne, a technology-enabled marketing and member acquisition company serving the healthcare industry. Previously, he was Vice President of Finance and Corporate Development at Open Solutions, where he was a key contributor to the company's growth by closing 15 acquisitions and raising over $2 billion. Prior to that, David was the Director of Product Management at Palm and AnyDay. He began his professional career in the financial services industry at The Carlyle Group and Dillon Read. He holds a BA from Yale University in History and Economics.

"David is a great addition to our team, with a proven track record of driving organic and inorganic growth for successful companies," said Jim Barry, President and CEO of PASSUR Aerospace. "David's diverse finance and operations experience will prove valuable as we execute upon our growth plan and make strategic investments to increase the value of our leading aviation intelligence platform."

About PASSUR^® Aerospace
PASSUR Aerospace, Inc. is an aviation business intelligence and big data company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. PASSUR® considers itself to be the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR® serves more than 125 worldwide airlines (including all of the top North American airlines), more than 60 airport customers (including 22 of the top 30 North American airports), and approximately 200 corporate aviation customers, as well as the US government. PASSUR®'s system provides coast-to-coast coverage and is driven by proprietary, patented, business intelligence software, which is powered by a unique company-owned North American network of over 180 passive radar systems, with other PASSUR® systems located worldwide. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Flight tracks are rapidly updated between 1 and 4.6 seconds, thereby making available a system that is user-friendly and useful for decision-making.

Visit PASSUR's new website at www.passur.com for updated products, solutions, and news.

Contact:	Ron Dunsky
	SVP Marketing and Communications
	(203) 622-4086, Email

The forward-looking statements in this press release, including statements 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 risks and uncertainties 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, 2014 Form 10-K and April 30, 2015 Form 10-Q. 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