AMSTAT and Megadata Sign Marketing Agreement

GREENWICH, Conn. and TINTON FALLS, N.J., Sept. 24 /PRNewswire-FirstCall/ - - Megadata Corporation (OTC Bulletin Board: MDTA), the leading provider of information solutions for aviation, and AMSTAT Inc., the leading source for worldwide corporate aircraft fleet, operator and market information, announced today that the two companies have entered into an exclusive marketing agreement whereby AMSTAT owner/operator information will be incorporated into select PASSUR products. The combined product offering, to be integrated in the PASSUR(R) FBO(TM) software suite, provides a new level of sophistication and value to the FBO marketplace.

"Our objective at AMSTAT has always been to provide timely, accurate market information to support the business objectives of our customers, which is why our partnership with PASSUR makes so much sense," said Tom Benson, Executive Vice President of AMSTAT. "PASSUR offers instant, one-stop access to critical information, and the online suite of marketing and customer service tools that PASSUR has created, when combined with the power of AMSTAT market research, delivers terrific value for our common customer base. We think the combined suite of products represents the future of marketing and service for FBOs."

"Our success in serving the needs of the business aviation marketplace results from providing the right information at the right time; AMSTAT is the recognized leader in providing key business aviation intelligence," said Jim Barry, Megadata's President & CEO. "AMSTAT's reputation is impeccable and their people, to the person, are of the highest caliber - we're very pleased with this agreement and look forward to providing even more meaningful enhancements to the large business aviation marketplace."

The new marketing agreement provides for the instant correlation of radar-based flight activity with AMSTAT owner/operator information exclusively through the PASSUR FBO suite of software. Existing AMSTAT software tools will remain available through the AMSTAT marketing and sales group.

PASSUR FBO provides a range of decision support solutions to the business aviation market, all of which incorporate the AMSTAT business aviation information. These solutions provide the following:

    -- The most accurate and updated flight information for flight
       departments, in turn providing their flight crews a level of
       sophistication which improves the efficiency and safety of flight;
    -- Business intelligence solutions that provide a new level of pricing and
       marketing sophistication both at the Point of Sale and in marketing
       plans, which have measurably improved the financial condition of our
       customers - in some instances improving sales in excess of 20%/year;
    -- Customer service solutions, with the most accurate arrival information
       that help to ensure that every flight crew is treated with VIP care

About AMSTAT

AMSTAT is a leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation sales professionals. AMSTAT's mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to aircraft brokers/dealers, finance companies, fractional providers, OEMs and suppliers of aircraft parts and services.

Visit AMSTAT's web site at http://www.amstatcorp.com for updated products and solutions.

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 70 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; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 corporate aviation customers, as well 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, 2006 Form 10-K, and the July 31, 2007 10-Q.

    Contact:   Megadata                       AMSTAT
               Ron Dunsky                     Stephanie Adams
               (203) 622-4086                 732-530-6400 x149
               rondunsky@passur.com           sadams@amstatcorp.com