SOURCE: Ultitek, Ltd.

January 26, 2006 08:31 ET

Ultitek Ltd. Increased 2005 Revenues 179 Percent as Compared to 2004

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- January 26, 2006 --Ultitek Ltd. (OTC: UITK) is pleased to announce that the Company's un-audited preliminary revenues for 2005 were approximately $1.5 million. This is an increase of one hundred and seventy nine percent (179%) as compared to 2004, when Ultitek realized $836,500 in Gross Revenue.

In 2005 Ultitek's wholly owned subsidiary TAIS continued distributing their Global Airline Scheduling System. They expanded distribution through the development of an agreement with OAG, a global content management company specializing in travel and transport. The company attributes its success to the increase in versatility of their products and efficiency of its stream lined operations.

"We are excited about the progress Ultitek Ltd. has achieved in 2005 and look forward to consistent future gains,'' stated Roman Price, Chairman and CEO of Ultitek, Ltd.

About Ultitek Ltd.

Ultitek Ltd.'s wholly owned subsidiary, TAIS, has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, 9 million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.

Safe Harbor. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact Information

  • Contact:
    Big Apple Consulting USA, Inc. for Ultitek, Ltd.
    Investor Relations
    (407) 884-0444 or 1-866-THE-APPL(E)