AISystems, Inc.
OTC Bulletin Board : ASYI

AISystems, Inc.

April 11, 2011 08:04 ET

AISystems Announces jetEngine™ Business Planning Suite Beta Customer Program

TORONTO, ONTARIO--(Marketwire - April 11, 2011) - 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 is inviting selected airlines, airline industry planners, executives, management consultants and financial analysts to participate in its jetEngine™ Business Planning Suite ("jetEngine™ BPS") Beta Customer Program.

About The jetEngine™ BPS Beta Customer Program

The jetEngine™ BPS Beta Customer Program is a multi-stage program offering selected participants the ability to run jetEngineBPS to model relevant and complex business problems for airlines.

At the outset of the program participants will have the opportunity to work with the jetEngine BPS suite in a simulated environment and then, if the participant is an airline, progress to operating jetEngineBPS configured as their own airline. This exercise will demonstrate just how easily airlines can integrate jetEngineBPS into their business and strategic planning methodologies.

The ease of use and custom overlay functions of jetEngine™ BPS makes detailed modeling of complex airline planning problems simple and straightforward. As jetEngine™ BPS is a completely new category of airline planning software, the company believes that for many airlines, once they begin using jetEngine™ BPS it will become a staple of their planning process.

The Company is looking forward to incorporating the feedback and experience of its Beta Customers as they move forward with commercial launch immediately following this program.

"This is the next logical step for AISystems with its jetEngine™ BPS," stated Scott Nason, retired Chief Information Officer and Vice President-Revenue Management at a major airline, and member of the AISystems Advisory Board. "I have watched the AISystems team make significant progress with this product and look forward to the success of the Beta Customer Program."

"We have always believed that planning is by far the most important function in the very cost-intensive airline business, as it is almost impossible to correct for inadequate planning in any downstream function at the airline," stated Stephen C. Johnston, President and CEO of AISystems. "Our team has created something that is a new product category for airlines, which allows airlines to explore market opportunities, identify key drivers of profitability and explore their competitive environments in a way that has never been done to date. There are a number of airlines that have indicated strong interest in participating in the Beta Customer Program, including some of the largest in the industry. We are excited to see how big an impact this is going to have on the entire industry."

About jetEngine™ BPS

jetEngine™ BPS is an advanced business platform that produces a complete business plan including a cost, revenue and profitability analysis. As well, the system produces completely integrated and feasible route, fleet, crew and maintenance schedules at a speed previously unimaginable. This tool, based on advanced scheduling algorithms and features, allows for the complete redesign of the airline business planning approach. When building the business plan, satisfying all planning requirements and business objectives, jetEngine™ BPS reduces the airline planning cycle from months to minutes. This paradigm shift in airline planning is only possible through jetEngine™ BPS' breakthrough technology and algorithms.

A powerful feature of jetEngine™ BPS is that it operates in the "Cloud", independently of existing in-house systems. jetEngine BPS is AISystems' first cloud-based software suite and is the first product in the Company's new SAAS (Software as a Service) business model, allowing it to be rapidly implemented by an airline.

AISystems is inviting selected airlines, airline industry planners, executives, management consultants and financial analysts to participate in our jetEngine Beta Customer Program. Operating closely with the Company, these select airlines and individuals will be able to model complex airline planning problems and view real-world opportunities for improved revenue and profitability. For further information on the jetEngine Beta Customer Program please call +1 (416) 367-2544 or email jetEngine-Beta-Invite@aisystems.org.

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.

Contact Information

  • AISystems, Inc.
    Stephen C. Johnston
    President and Chief Executive Officer
    +1 (416) 367-2544
    steve@aisystems.org