SOURCE: Ultitek, Ltd.

July 16, 2007 16:01 ET

Ultitek, Ltd. Announces Market Advisors, Inc. Has Issued an Analyst Report on UITK

"Fundamental Analysis for Today's Investments"

ENGLEWOOD CLIFFS, NJ--(Marketwire - July 16, 2007) - Ultitek, Ltd. (OTCBB: UITK) announces Market Advisors, Inc. has issued an analyst report on UITK.

NEWS FLASH: Hundreds of millions of people make billions of trips each year, making travel one of the largest industries. Tourism clearly counts as one of the most remarkable economic and social phenomena of the last 50 years. It will undoubtedly keep this position for the next 50 years to come. In 2006, the total number of international trips exceeded 750 million -- almost 60 million more than the previous year. The total number is expected to double, or reach 1.6 billion, by 2020 according to the World Tourism Organization (WTO 2020 Vision).

New technologies are transforming the travel industry, while the Internet is revolutionizing travel distribution. By enabling secure information sharing between airline carriers, UITK is offering key support to the global trend toward carrier alliances.

July 2007

Stock Symbol-              UITK.OB
Shares-                    87,031,943
Market Cap                 $7,832,874
Recent Price-              $0.09
Intermediate Term Price-   $0.38
Web Site-        
Phone-                     1-888-ULTITEK

Investment Highlights

--  Ultitek has stated that it will not sublicense its Distribution System
    and is directly entering the Airline Distribution business. The Airline
    Distribution marketplace involves schedules, availability and pricing and
    is a booming business.
--  The Company recently announced that the Ukrainian Civil Aviation
    Center (UCA CC) has signed a Letter of Intent to enter into an agreement
    for licensing and operating a Computer Reservation System (CRS), Electronic
    Ticketing, Departure Control System (DCS) and other miscellaneous modules
    provided by Ultitek. Software, training, installation assistance,
    maintenance and modification will be provided. The impact to revenue and
    profits should not be underestimated.

Ultitek, Ltd. is engaged in the computerized airline reservation distributions system and has been a leader in the Russian Aviation market since 1989. Ultitek has a cost-effective, robust scalable software system that enables the airlines to manage their inventory, flight schedules, fares, sales and flight departures all over the world. This system provides booking interfaces to travel agencies and their customers as well as the capability to manage every aspect of seat inventory management (bookings, cancellations, and refunds), through various sources -- online/websites, travel agencies, airport sales offices, call centers, corporate users and associated MIS. Ultitek's software development combines leading-edge technologies and techniques to provide high functionality and reliability in airports worldwide. When an existing airline is migrating from another system, interfaces are available to import all existing booking to their system. Through its wholly owned subsidiary, TAIS, Ultitek, Ltd. has been a provider of Computerized Reservations Systems software (CRS) since 1989. Today, Ultitek, Ltd. is the leader among reservation systems in the Soviet Union.

Growth Prospects

With a strong foothold already established in Russia, Ultitek is in an enviable position going forward. It is now cost prohibitive to have a similar software system in place like Ultitek has unless you happen to have a billion dollars or more lying around. UITK has the exact capabilities of similar much larger companies doing business in the Global Distribution Systems arena. Galileo International, Sabre Holdings and Amadeus, for example, are leading providers of IT solutions around the globe and provide the same services that Ultitek is capable of doing. These are billion dollar entities and are leaders in the distribution business. Ultitek now has the opportunity to grow exponentially as these companies have already done. Sabre is presently Europe's leading travel company, with over 2,000 employees who sell Internet flight and vacation packages in 15 countries. Jupiter Media anticipates that as many as one-third of all reservations will be placed via the Internet by 2009, up from 6% in 2000. Ultitek presents the user with a simple and user-friendly mechanism both for access to reference information, and for the reservation of the necessary flights via the Internet. In addition, Forrester Research predicts leisure travel services in the U.S. alone will reach $100 billion by 2009. We are always on the lookout for beaten-down companies with valuable assets. Ultitek fits that now as we feel the assets are worth a great deal more than the current stock price.

As a result, we are initiating coverage of Ultitek, Ltd. with an intermediate-term price objective of $0.38. We believe that the company has numerous sources of growth in cash flow. One area of steady revenue is directly attributed to the company's software product SIG23 (Sirena Internet Gateway) for organizing the interaction of their site with reservations systems. Our target price of $0.38 is based on the current price of $0.09.

ANALYST -- Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, and Barron's, For more information about Market Advisors, Inc. visit our web site at

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.

The information and opinions in this analyst report were prepared by Market Advisors, Inc. (located in Nebraska) who does receive fees for services including preparation of this report. For this report, officers of Market Advisors, Inc. received $3,000 from Ultitek, Ltd. for this research report. This is not an offer to buy or sell securities nor should this report be construed as investment advice. Information or statements are subject to numerous risks and uncertainties that cause such statements not to prove accurate. Market Advisors, Inc. does not disseminate, nor is it liable for the dissemination by any third party of this analyst report.

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: