KIRKLAND, WASHINGTON -- (Marketwire) -- 02/24/11 -- AISystems, Inc. (OTCBB: ASYI) ("AISystems" or the "Company"), creator of jetEngine™, a revolutionary business platform software system for the airline industry, is pleased to announce that it will be participating in the Innovation in Airline Distribution Conference in London, England from February 28th to March 1st.
About the Conference
Adopting the wrong distribution strategy will cripple revenue generation for any airline, irrespective of its size, geographical location or industry sector. Only by fighting distribution costs and creatively investing in tools to find new revenue can airlines win the profitability battle. In 2011 distribution leaders will continue to face the challenges that have always frustrated them, but must also come to grips with the rapid pace of change within the industry, driven by unprecedented technology development. While opportunities for increasing revenue are apparent, can airlines individually, and the industry as a whole, implement the technology, software, standards and infrastructure that would enable them to really feel the benefits? This conference will address all of these elements.
Airlines attending the conference are listed below: Aer Lingus Aeroflot Russian Airlines Air France American Airlines Blue1 Brussels Airlines Cathay Pacific Comair Limited Airways Continental Airlines Delta Airlines Ethiopian Airlines Etihad Airways Frontier Airlines Germanwings GOL Linhas aereas inteligentes Kenya Airways LAN Airlines Lufthansa Airlines Norwegian Air Oman Air Saudi Arabian Airlines Sky Team WestJet Virgin America Virgin Atlantic Airlines
"We are pleased that AISystems is participating in this conference", stated Richard Clarke, Managing Director of Travel Technology Research Ltd. ("T2RL"), "It is an excellent chance for AISystems to connect with potential airline customers at close range over a two day period, for their jetEngine™ Business Planning Suite". T2RL is one of the main organizers of the two-day conference.
"We are excited to be invited to an international conference with such an impressive collection of airlines present", stated Stephen C. Johnston, President & CEO of AISystems. "With our jetEngine™ Business Planning Suite ("jetEngine™ BPS") now ready for commercial launch, we hope to get a number of airlines interested in purchasing our product. It is the perfect planning tool to allow an airline to simplify the complexities of modeling its entire business. An important current example of this is business modeling around changing fuel prices. With the instability of fuel prices due to the current political unrest in the Middle East, jetEngine™ BPS will allow an airline to model hundreds of business plans around different fuel-price scenarios, allowing them to choose the right strategy and asset & schedule configuration that produces the most profit."
About AISystems
AISystems has developed a unique, proprietary business platform software system for the airline industry called jetEngine™, which is comprised of systems and mathematical algorithms capable of generating significant profitability improvements through strategic business planning capabilities, resource scheduling, revenue management and integrated operations. More information about AISystems can be found at www.aisystems.org.
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10-K and in the Company's recent report on Form 8-K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
Contacts:
AISystems, Inc.
Stephen C. Johnston
President and Chief Executive Officer
+1 (425) 749-7287
steve@aisystems.org
www.aisystems.org
