SOURCE: Ultitek Ltd.

October 15, 2008 11:33 ET

Ultitek Develops New Website for One of Russia's Largest Travel Agencies

ENGLEWOOD CLIFFS, NJ--(Marketwire - October 15, 2008) - "V.I.P. Service," one of the largest travel agencies in Russia, initiated a new website, http://new.vip-plane.ru, for their authorized agents.

This website was based on TravelShop, developed by Ultitek's (OTCBB: UITK) wholly owned subsidiary TAIS. TravelShop is a software module that provides various services for travel agencies. In the very near future, V.I.P. Service plans to provide a direct access to the reservation system for authorized agents.

The new website will ease the load for the main office operators and more importantly, will allow authorized agents greater access to the reservation system.

Authorized agents now will be able to access the system directly for both domestic and foreign airlines, thereby minimizing the need for phone communication, which was a significant cause for delay in the past. This new service provides a much more convenient tool for booking.

This is the fourth website created by TAIS utilizing its software module, TravelShop, for direct air transportation sales.

"We are happy we were able to accommodate V.I.P. Service. TravelShop is just one module of a large suite of services we offer to the airline industry," said Roman Price, Ultitek's CEO.

About Ultitek Ltd.

Through its wholly owned subsidiary, TAIS, Ultitek Ltd. 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, nine 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.

PSLRA SAFE HARBOR

The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements are based upon assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Ultitek's control. Ultitek faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements. Although Ultitek believes that the expectations reflected in forward-looking statements are reasonable, because of those risks, Ultitek's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. Accordingly, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. The information set forth in this news release represents management's current expectations and intentions. Ultitek assumes no responsibility to issue updates to the forward-looking matters discussed in this news release.

Contact Information

  • Contact:
    Ernest J. Sabato
    Ultitek Ltd.
    560 Sylvan Avenue
    Englewood Cliffs, New Jersey 07632
    Telephone: 1-201-541-1700
    or 1-888-ULTITEK
    Fax: 1-201-541-1778
    Email address: ejs@ultitek.com
    http://www.ultitek.com