SOURCE: Ultitek, Ltd.

March 19, 2008 07:00 ET

Ultitek, Ltd. Successfully Installs IET (Interline E-Tickets) for Two More Airlines

ENGLEWOOD CLIFFS, NJ--(Marketwire - March 19, 2008) - Ultitek Ltd. (OTCBB: UITK) is pleased to announce that Atlasjet and Kavminvodyavia airlines have successfully completed testing and installation of the new IET links (Interline E-Ticket) with partner airlines. Using software (Sirena-2.3) developed by Ultitek's wholly owned subsidiary TAIS, Ultitek has added two more customers with the capability of generating e-tickets for code sharing flights.

This is the 13th IET link of this type for Atlasjet. This time Atlasjet has established code sharing with Iberia Airlines. Atlasjet primarily transports passengers within Turkey and has code sharing agreements with other airlines, which allows for code sharing and e-ticketing compatibility.

Kavminvodyavia Airlines has implemented its first IET link with airline Hahn Air. This installation should increase Kavminvodyavia Airlines' ability to attract passengers flying to foreign countries.

"One of our goals is to be responsive to our customers' needs. Providing the latest software to address those needs keeps us on track. It also increases our revenue and profit potential," 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 on 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights 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: