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Colt International Signs National Contract for PASSUR Fuel Portal(TM)

Posted on: Monday, 10 March 2008, 09:00 CDT

GREENWICH, Conn., March 10 /PRNewswire-FirstCall/ -- Megadata Corporation (BULLETIN BOARD: MDTA) announced today that Colt International has contracted for PASSUR data and software services to create more targeted, customized fuel programs for their worldwide aviation customers, and more detailed, precise, and timely operational support for its international and US-based flight operations.

"PASSUR Fuel Portal provides us critical support for our fuel program, helping us identify opportunities for our flight department, customer, and FBO partners," said Harold Deavours, Vice President of Colt International. "PASSUR Fuel Portal also provides us tools that help us serve the flying customer better, through the most accurate real-time flight and airspace status tools for our operations department. We're very pleased to be the first flight support services company to be on board with PASSUR and we're looking forward to an exciting partnership."

"Colt has been aggressive in implementing our tools and driving our technical team to provide additional product enhancements," said Jim Barry, president and CEO of Megadata, which owns PASSUR. "Fuel services companies, as much as FBOs, airlines, and airports, need timely and accurate information presented in a meaningful way to improve their financial position."

PASSUR Fuel Portal(TM) provides the latest advances in pricing fuel and maximizing volume for any organization selling fuel in the corporate market. Organizations can now instantly access relevant customer information to determine the right price based on live and historical customer behavior, and the maximum potential volume sale based on a sophisticated uplift algorithm. As with other PASSUR products, this new module combines the most accurate information with innovative decision support technology to improve the financial performance of our customers.

Colt will also use PASSUR tools which provide real-time flight, customer and airspace status for customer service and line operations through visual flight tracking and web dashboards.

About Colt International

Colt International is a leading edge flight support services company providing flight planning, ground handling arrangements, over flight and landing permits, airport slots, flight following, weather and NOTAMs, ground transportation, aircraft security, and fuel services. Colt contracts with multiple international refiners to provide fuel cost savings to corporate aviation around the world. To learn more visit us at http://www.coltinternational.com/.

About Megadata

Megadata 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 aviation organizations. Megadata 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 150 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 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, 2007 Form 10-K.

Contact: Ron Dunsky (631) 589-6800 (917) 587-9672 rondunsky@passur.com

Megadata Corporation

CONTACT: Ron Dunsky of Megadata Corporation, +1-631-589-6800,+1-917-587-9672, rondunsky@passur.com

Web site: http://www.coltinternational.com/http://www.passur.com/

Source: PRNewswire-FirstCall

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