SOURCE: Ultitek Ltd.

May 24, 2007 08:31 ET

Ultitek Ltd. Announces New Software Development With Galileo GDS

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- May 24, 2007 -- Ultitek Ltd. (OTCBB: UITK) is pleased to announce that its wholly owned subsidiary, TAIS, completed a major software development. A special protocol was devised to access Galileo's Global Distribution System (GDS). This protocol allows airlines utilizing Galileo's GDS (one of the world's largest GDSs) access to TAIS' Sirena-2.3 center resources. As a result, TAIS can provide its customers the ability to make a complete sale, including those sales involving international routes. In the very near future, the airline alliance, Air Union, plans to open up its western partners to Sirena-2.3 agents.

"When implemented this software development, which provides access to Galileo's GDS, along with our recent development with Amadeus, will allow our customers a more transparent interaction between domestic and international routes and it completes another major step toward total internationalization of 'Sirena-2.3,'" said Roman Price, 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.

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