Navtech, Inc. Reports 22% Revenue Growth for 2nd Quarter Ended April 30, 2004

Waterloo, Ontario, Canada, June 14, 2004:

Navtech, Inc. (OTCBB: NAVH), a leading international provider of aviation services and software solutions, announced its results for its second quarter ended April 30, 2004.

Financial Highlights

⁽¹⁾ Operating expenses, income from operations, net income and basic EPS for the three and six months ended April 30, 2003 include the recovery of a bad debt from a related party in the amount of $159,000.

Total revenue increased by 22% to $2.0 million for the second quarter of fiscal year 2004 from $1.7 million for the same quarter of last year. Revenue for the six months ended April 30, 2004 was $3.9 million, an increase of 19% from $3.3 million in the same period last year.  Subscription-based recurring revenues accounted for 88% of total revenues in the first half of the fiscal year.  

"Our investments in product development and geographic expansion are showing very positive results," said David Strucke, Navtech's President and Chief Executive Officer. 
"We are very pleased with the customer response to our Crew Management and Scheduling products, and the continued growth of our European customer base for our signature dispatch software."

Net earnings for the quarter were $48,000, compared to $203,000 in same quarter of the prior year.  Prior year net earnings included a $159,000 recovery of a bad debt from a related party.

Navtech secured an increase in its available operating line of credit to $500,000 when it renewed its banking facility with RBC Royal Bank in June.

 Second Quarter Operational Achievements:

• PGA Portugalia (Portugal) selected Navtech's DispatchPro^TM and V1Plus^TM products to automate its flight dispatch services. 
• Islandsflug (Iceland) also contracted to use DispatchPro^TM for flight dispatch automation.
• TNT Airways (Belgium) initiated production use of DispatchPro^TM.
• Valuair (Singapore) has chosen Navtech�s WebFPTM and V1Plus^TM, enhancing our presence in the Asia-Pacific Market.
• A new crew management system designed to manage schedule change requests was completed and installed at a North American low cost carrier, expanding Navtech's crew management product suite.
• North American regional airline Chautauqua Airlines began production use of Navtech's Cygnus^TM crew pairing optimizer.
• We completed the installation of C.G.PRO^TM, Navtech's weight and balance system, at Spirit Airlines (United States).

About Navtech

Navtech creates and supports superior flight operations software for airlines. Navtech's software provides a competitive edge to airlines by facilitating significant costs savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. 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.

For further information please contact:

Navtech, Inc.

Gordon Heard

Chief Financial Officer

Tel: +1 519 747 1170 x288

Fax: +1 519 747 5282

gheard@navtechinc.com

www.navtechinc.com