PASSUR Aerospace Reports Revenue Increase of 12% and Operating Profit Increase of 60% for the First Quarter 2010

STAMFORD, Conn., March 19 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced total revenues for the first quarter ending January 31, 2010 were up approximately 12% to $2,323,000, compared to $2,076,000 in the same quarter the previous fiscal year. Operating profits were up approximately 60% to $389,000 compared to $244,000 in the same period the previous fiscal year. Net profit was $25,000 or $.00 per diluted share compared to $76,000 or $.01 per diluted share in the same quarter the previous fiscal year.  

"Our continued growth results from PASSUR's solutions playing an important, systemic role in helping our customers reduce their costs and improve operational efficiencies," said Jim Barry, PASSUR Aerospace's President and CEO.

"We are pleased with our sales growth, we like our strategy, and we are optimistic about the Company's prospects - even in this challenging environment," 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 its 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 most major airlines (including 6 of the top 7 North American airlines, as well as the top five hub 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 its proprietary, patented, business intelligence software which is powered by a unique North American network of 130 passive radars, company-owned, including 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 PASSUR news.

The forward-looking statements in this shareholder letter 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, 2009 Form 10-K and January 31, 2010 Form 10-Q.

SOURCE PASSUR Aerospace, Inc.