Navtech Reports Fiscal 2006 First Quarter Results.

WATERLOO, Ontario -- Results include recently acquired European Aeronautical Group

Navtech, Inc. (OTCBB:NAVH), a leading international provider of flight operations software and services, today announced its financial results for its first quarter ended January 31, 2006.

Financial Highlights (USD)

Financial results include the operating results of the recently acquired European Aeronautical Group AB ("EAG") from November 22, 2005, the date of acquisition, to January 31, 2006 (approximately 2 1/3 months).

Three months ended
                                               January 31,
                                          2006          2005
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Revenue                              $ 7,909,000    $ 2,423,000
Operating expenses                     6,896,000      2,358,000
Income from operations                 1,013,000         65,000
Net earnings                             380,000         59,000
                                     --------------------------
End of period stock price                  $2.80          $1.70
---------------------------------------------------------------

Revenue for the first fiscal quarter of 2006 increased to $7.9 million, compared to $2.4 million in the first quarter of 2005 primarily as a result of the inclusion of results from EAG. Subscription-based recurring revenues accounted for over 90% of total revenues in the quarter.

Income from operations increased to $1,013,000 from $65,000 in the same period last year. Net earnings for the quarter were $380,000 compared to $59,000 in 2005.

At the end of the quarter, Navtech had a cash balance of $6.5 million and working capital of $4.3 million.

Earnings per share for the quarter was a loss of $0.12 as a result of the inclusion of a non-cash one-time deemed preferred stock dividend ($0.9 million). The deemed dividend represents a calculated beneficial conversion feature on the convertible preferred stock issued in conjunction with the acquisition of EAG. The non-cash preferred stock deemed dividend did not have an effect on net earnings or cash flows for the quarter ended January 31, 2006 and did not have an impact on total stockholders' equity as of that date. No additional non-cash deemed dividend will be recorded as part of the Series A Convertible Preferred Stock issuance.

"The acquisition of EAG has significantly enhanced the financial position of the business, with a dramatic increase in revenues and income from operations," said David Strucke, Navtech's President and CEO. "The combined company provides a solid foundation of operational capabilities on which we can further invest to enhance our position as a premiere provider of integrated flight operations solutions to airlines on a global basis."

About Navtech, Inc.

Navtech creates and supports superior flight operations software and services for airlines. Navtech's products provide airlines with a competitive edge by facilitating significant cost savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With more than 250 airline customers around the world, Navtech's products directly support millions of flights around the globe each year. Navtech's product portfolio includes aeronautical charts, navigation data, flight planning, crew planning, runway analysis, and weight & balance systems. Navtech has more than 250 employees with offices in the United States, Canada, Sweden, the United Kingdom and Singapore. For more information, please go to www.navtechinc.com.

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, 2005.

Navtech, Inc. (OTC Bulletin Board:NAVH)