SOURCE: Ultitek, Ltd.

February 14, 2006 08:31 ET

Ultitek's 15c2-11 Has Been Cleared!

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- February 14, 2006 --Ultitek, Ltd. (OTC: UITK) (the "Company") announced today that pursuant to NASD Rule 6740 and Rule 15c2-11 of the Securities Exchange Act of 1934, the Company has been cleared for unsolicited quotation on the Pink Sheets LLC for the Company's Common Stock.

Ultitek, Ltd., through its wholly owned Russian subsidiary, Transport Automation and Information Systems, that has developed and sells and maintains an airline operating, reservation and distribution software system in Eastern Europe. This system is one of the largest multi-hosting airline reservation companies in the world based upon the number of airlines currently utilizing the system (62 airlines worldwide and 5,000 travel agents).

"Participating in the public market will help us execute on our long term plans," says Roman Price, President of Ultitek, Ltd.

For further information, visit our corporate website at: http://www.ultitek.com.

The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision 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: 201-541-1700
    Fax: 201-541-1778
    Email address: ejs@ultitek.com
    Website: www.Ultitek.com