Message #2 From:
Stock News Bot Date: March 29, 2005 09:41:57 AM
NAVH Navtech Reports New Contracts With Asia Pac Airlines
Navtech Reports New Contracts With Asia Pac Airlines
WATERLOO, Ontario
Navtech, Inc.
Gordon Heard
Chief Financial Officer
+1 519 747-1170 x288
Fax: +1 519 747- 5282
gheard@navtechinc.com
www.navtechinc.com
Navtech, Inc. (OTCBB: NAVH), a leading international provider of aviation software, announced further successes with its growth strategy in the Asia Pac region.
Navtech has recently established long term contracts with leading airlines in the region, including Air Asia (Malaysia), Air Sahara (India) and Orient-Thai (Thailand). Previously announced Navtech customers in the region include Qantas subsidiary Jetstar (Australia), and Valuair (Singapore)
Air Asia and Orient-Thai have chosen Navtech's DispatchPro(TM) software for flight planning and V1Plus(TM) aircraft performance services. Air Sahara will also use V1Plus(TM) services and has chosen Navtech's web-based WebFP(TM) for flight planning.
"The response to our products in the Asia Pac market has been exceptional," said David Strucke, Navtech's President and CEO, "In a relatively short period of time, we have established a significant market presence."
"Our systems help airlines achieve significant cost savings," added Mr. Strucke, "and the deregulation of the airline industry in the Asia Pac region has created opportunities for companies that can deliver effective tools for cost containment."
Navtech's dispatch suite of software provides airlines with decision support tools that facilitate cost-effective flight operations and easy access to critical information on flight planning, weather, communications and runway analysis.
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 understands 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.
