SOURCE: Ultitek, Ltd.

July 12, 2006 08:31 ET

Ultitek's "Paperless" Conference a Success

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- July 12, 2006 -- Ultitek Ltd. (PINKSHEETS: UITK) is pleased to announce that the conference hosted by its wholly owned subsidiary TAIS was a great success. The conference was held to introduce the company's new Paperless Technology with Electronic Ticketing which has been incorporated into the company's suite IKAR. Included in the discussions were the company's other products and systems, such as DCS (Departure Control System) REGINA, inter-airline clearing system and plans for implementation of the above. The upgrades are available now. In attendance were 16 companies who discussed the integration of the upgrades into their systems.

"This conference illustrates Ultitek's commitment to constantly improve our product so that we can better serve our customers. The enhancement to our present offering places us in a position to be more attractive to potential customers," said Roman Price, Chairman and CEO.

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, 9 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.

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: 1-201-541-1700 or 1-888-ULTITEK
    Fax: 1-201-541-1778
    Email address: ejs@ultitek.com
    http://www.ultitek.com