Navtech, Inc. Reports 14% Annual Revenue Growth And Twelve Consecutive Quarters Of Profitability

Waterloo, Ontario, December 20th, 2004:

Navtech, Inc. (OTCBB: NAVH), a leading international provider of aviation services and software solutions, announced its results for the year ended October 31, 2004.

Financial Highlights

⁽¹⁾ Resultsfor the year ended October 31, 2003 include a $160, 000 bad debt recovery from a related party.

Revenue increased by 14% to $7.9 million in fiscal year 2004 from $6.9 million in 2003.  Subscription-based recurring revenues accounted for 90% of total revenues during fiscal 2004.        

"This has been another very successful year for Navtech," said David Strucke, Navtech's President and Chief Executive Officer.  "Despite the negative impact on our net earnings of over $400,000 as a result of the weakened US Dollar, we have been able to increase research and development activities and extend our geographic presence while maintaining profitability."

"On a strategic level, we have continued successful penetration of the North American and European markets and made substantial inroads in the Asia Pacific market with our signature dispatch suite of products," commented Mr. Strucke.  "We have also firmly established ourselves as market leaders with our more recent crew management products."

Navtech completed its twelfth consecutive quarter of profitability, reporting net earnings of $394,000 for fiscal 2004 compared to $705,000 in 2003.  Operating expenses increased 18% from 2003 as Navtech increased spending on additions to their product suite and functionality enhancements.  Research and development expenses increased to 10% of revenue in fiscal 2004.  Operating expenses for the previous fiscal year included a $160,000 recovery of bad debt from a related party.

Navtech strengthened its financial position further in 2004 with a cash flow from operations of $469,000.  

2004 Operational Highlights:

• Navtech added five new dispatch product customers in Asia Pacific, including Qantas subsidiary Jetstar (Australia) and low cost carrier Valuair (Singapore)
• Additions to dispatch product customers in Europe included Islandflug (Iceland), Air Atlanta (Iceland), TNT Airways (Belgium), and PGA Portugalia (Portugal).
• Navtech was the first in our industry to automate route optimization through the recent complex European route restrictions (Eurocontrol Route Availability Document)      
• Development and initial customer installations were completed for C.G.PROTM, Navtech�s new aircraft weight and balance system
• Significant growth in Navtech's North American crew management customer base included Chautauqua Airlines, Frontier Airlines and Spirit Airlines.
• Navtech's crew management product suite was expanded with a new crew management system designed to manage crew schedule change requests.

 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