PASSUR Aerospace Reports Profits Up 31% on a 35% Revenue Increase for First Nine Months of Fiscal 2008

GREENWICH, Conn., Sept. 15  /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC:PSSR) (BULLETIN BOARD: PSSR)  announced a net profit of $127,000 or $.02 per share in the third quarter ended July 31, 2008, compared to a net profit of $142,000 or $.03 per share in the same quarter of fiscal 2007. Third quarter income was adversely impacted by a significant executive recruiting fee. Total revenues for third quarter 2008 were up approximately 36% to $1,998,000, compared to $1,467,000 in the same quarter of the previous fiscal year. Subscription sales for the third quarter were up approximately 37% to $1,873,000, compared to $1,365,000 in the same quarter of fiscal 2007.

For the nine months ending July 31, 2008, the company had a net profit of $406,000 or $.07 per share, 31% higher than the net profit of $311,000 or $.06 per share in the same period of fiscal 2007. Total revenues for first nine months of 2008 were up approximately 35% to $5,608,000 compared to $4,161,000 in the same period of the previous fiscal year. Subscription sales for the first nine months were up approximately 37% to $5,240,000, compared to $3,822,000 in the same period of fiscal 2007.

"Our strong sales results for 2008 demonstrate the importance our customers place on having timely, accurate information and software solutions to reduce costs -- including fuel costs -- and to grow their top lines," said Jim Barry, PASSUR Aerospace's President and CEO. "Additionally, and as previously mentioned, we have made significant infrastructure investments in the business to position us for further growth and to allow us to provide our industry-leading products to the aviation industry."

"We had another good top-line quarter and we continue to be pleased with the infrastructure investments which represent building blocks for future growth," said G.S. Beckwith Gilbert, PASSUR Aerospace's Chairman of the Board.

About PASSUR Aerospace

PASSUR Aerospace 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 90 airports worldwide, including 34 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. PASSUR Aerospace 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 190 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 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, 2007 Form 10-K and July 31, 2008 10-Q.

  Contact:
  James T. Barry
  President & CEO
  [phone]
  

DATASOURCE: PASSUR Aerospace, Inc.



CONTACT:  James T. Barry, President & CEO of PASSUR Aerospace, Inc.,

[phone], 



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

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