Navtech, Inc.

Navtech, Inc.

March 17, 2005 09:00 ET

Navtech, Inc. Reports 31% Revenue Growth For First Quarter Ended January 31st, 2005



OTC Bulletin Board SYMBOL: NAVH

MARCH 17, 2005 - 09:00 ET

Navtech, Inc. Reports 31% Revenue Growth For First
Quarter Ended January 31st, 2005

WATERLOO, ONTARIO--(CCNMatthews - March 17, 2005) - Navtech, Inc.
(OTCBB:NAVH), a leading international provider of aviation software
solutions, announced its results for the three months ended January
31st, 2005.

Financial Highlights

Three Months Ended January 31,
2005 2004
Revenue $2,423,000 $1,853,000
Operating expenses 2,358,000 1,813,000
Income from operations 65,000 41,000
Net earnings 59,000 46,000
EPS - Basic and diluted 0.01 0.01
End of period stock price $1.70 $0.75

Total revenue increased by 31% to $2.4 million in the first quarter of
fiscal 2005 from $1.9 million in the same quarter last year.
Subscription-based recurring revenues accounted for 82% of revenues in
the quarter.

"Record revenue levels this quarter are a direct result of our strategic
investments in sales and marketing and increased product development
activities", said David Strucke, Navtech's President and Chief Executive

"This has been an outstanding quarter for our crew management products,
culminating with the previously announced contract with Air Canada,"
added Mr.Strucke "We also continue to be very pleased with market
acceptance of our Dispatch products in Europe and AsiaPac."

The quarter represented Navtech's 13th consecutive quarter of
profitability, reporting net earnings of $59,000 for the quarter
compared to $46,000 in the same quarter last year.

First Quarter Operational Highlights:

- Contract established with Air Canada and Air Canada Jazz for crew
management software. CLASS™, Navtech's preferential bidding system,
will be used to schedule 8,000 flight attendants.

- Further growth achieved in Europe with Sterling European (Denmark) and
Swefly (Sweden) selecting Navtech's signature dispatch product,

- Air Atlanta (Iceland) and TNT Airways (Belgium) initiated production
use of Navtech's Aircraft Performance Service.

- Existing Navtech customers Cielos del Peru (Peru) and Kalitta Air
(Detroit) upgraded their dispatch software to DisptachPro™.

- Navtech completed the integration of its Aircraft Performance database
with DisptachPro™ for Express.Net Airlines (Florida).

- Falcon Air Express (Florida) initiated production use of

About Navtech:

Navtech provides integrated software solutions for the planning and
control of an airline's critical flight operations. Navtech's product
suite includes market leading dispatch and crew planning systems. With
over 100 customers spanning more than 25 countries, Navtech's software
directly supports millions of flights around the globe each year.
Navtech and its employees understand the importance of creating solid
partnerships between the company and its customers. Navtech has
approximately 100 employees with offices in the United States, Canada,
Singapore and the United Kingdom.

FORWARD-LOOKING STATEMENTS: This release may include forward-looking
statements concerning the Company's intent, belief or current
expectations with respect to, among other things, trends affecting its
financial condition or results of operations and its business and growth
strategies. Such forward-looking statements are based upon assumptions
that may not be correct, are not guarantees of future performance and
involve risks and uncertainties that may cause actual results to differ
materially from those projected, expressed or implied. The Company does
not undertake any obligation to update or revise any forward-looking
statements. All forward-looking statements are subject to the risks and
uncertainties detailed in the Company's filings with the Securities and
Exchange Commission, including those set forth under "Other
Considerations" in the "Management's Discussion and Analysis or Plan of
Operation" section of the Company's Annual Report on Form 10-KSB for the
year ended October 31, 2004.


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