Press Release

Issued by Avinode Group.

December 22, 2014

Multi Service Technology Solutions, Inc. a leader in aviation management software technology and card processing solutions, is excited to announce it has acquired the majority interest in Avinode, the world's leading marketplace for buying and selling air charter online.

Avinode, with headquarters in Gothenburg, Sweden and U.S. offices in Miami, FL and Portland, OR, has established itself in the business aviation marketplace as the premiere online tool for buying and selling air charter. With more than 3,000 aircraft accessible through the Avinode Marketplace, an online portal featuring an easy-to-use interface, Avinode helps air charter brokers and other industry customers find the best aircraft matches for any trip, based on pricing and real-time availability information provided by operators.

“Avinode represents a best-in-class offering that brings exciting technological advances to this important sector of our industry. This will be a key strategic addition to our product offering and yet another way to add value for our customers in the general aviation industry,” shared Brandon Spear, coo, Multi Service.

“Multi Service Technology Solutions is the perfect fit for Avinode. The company's expertise in business-to-business payment and transaction processing and aviation software development will help us further strengthen Avinode's product offering, maintaining our position as the indispensable technology partner for air charter sales,” said Niklas Berg, Avinode co-founder & ceo.