Message #4 From:
NewsBot Date: March 29, 2005 09:43:09 AM
NAVH Navtech Announces New Contract With Delta Air Lines
Navtech Announces New Contract With Delta Air Lines
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 today that it has signed a long-term contract with Delta Air Lines to provide crew management solutions. The agreement includes the use of CLASS(TM), Navtech's preferential bidding system, by pilots at Delta Air Lines.
"This achievement further validates our ability to realize significant growth from our crew management software products," said Derek Dawson, Navtech's Vice President, Sales and Business Development, "the response from the market continues to be outstanding."
CLASS(TM) allows the user to match available flying to an individual crew member's preferences in order to produce and optimize a final crew schedule that respects contractual constraints and company operating requirements.
About Delta Air Lines:
Delta is the world's second-largest airline in terms of passengers carried and the leading U.S. carrier across the Atlantic, offering daily flights to 503 destinations in 89 countries on Delta, Song, Delta Shuttle, the Delta Connection carriers and its worldwide partners. Delta's marketing alliances allow customers to earn and redeem frequent flier miles on more than 14,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Customers can book SimpliFares(TM), check in for flights, print boarding passes and check their flight status at delta.com.
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 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.
