SOURCE: Ultitek Ltd.

November 02, 2005 14:39 ET

Ultitek Ltd. Retains Independent Auditors

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- November 2, 2005 -- Ultitek Ltd. (OTC: UITK) is pleased to announce that they have retained Meyler & Company, LLC. as their auditors who are registered with the Public Company Accounting Oversight Board ("PCAOB").

Meyler & Company is situated in Middletown, New Jersey. Meyler & Company have U.S. based audit clients who are both publicly traded as well as government municipalities, amongst others. The firm also has clients in the United Kingdom, Switzerland, Netherlands, South Africa, Brazil, Italy, and China.

"Meyler & Company have the extensive experience, which is exactly what we need at this time. Based upon our current financial status and our strategic partners, I will not rule out any possibilities,'' stated Roman Price, CEO of Ultitek Ltd.

Ultitek Ltd. recently released its un-audited financials for the eight-month period ending August 31, 2005. Ultitek Ltd. realized $1,023,600 in gross revenues for the eight-month period ending August 31, 2005.

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, 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

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.
    Matt Maguire