SOURCE: Wall Street News Alert

Wall Street News Alert

July 17, 2007 08:28 ET

Wall Street News Alert: Investment Alert: UITK! July 17, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - July 17, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Ultitek Ltd. (OTCBB: UITK), SIRIUS Satellite Radio (NASDAQ: SIRI), Apple Inc. (NASDAQ: AAPL) and AMR Corp. (NYSE: AMR).

Investors should be taking a look at Ultitek Ltd. (OTCBB: UITK) this morning. Monday after the markets closed, it was announced that Market Advisors Inc. is initiating coverage of the company (a provider of Computerized Airline Reservations Systems software since 1989) with an intermediate term price objective of $0.38 per share.

Hundreds of millions of people make billions of trips each year, making travel one of the largest industries. Tourism clearly counts as one of the most remarkable economic and social phenomena of the last 50 years. It will undoubtedly keep this position for the next 50 years to come. In 2006, the total number of international trips exceeded 750 million -- almost 60 million more than the previous year. The total number is expected to double, or reach 1.6 billion by 2020 according to the World Tourism Organization (WTO 2020 Vision).

New technologies are transforming the travel industry, while the Internet is revolutionizing travel distribution. By enabling secure information sharing between airline carriers, UITK is offering key support to the global trend toward carrier alliances.

This is great news! A few highlights of the report include:

--  Ultitek has stated that it will not sublicense its Distribution System
    and is directly entering the Airline Distribution business. The Airline
    Distribution marketplace involves schedules, availability and pricing and
    is a booming business.
    
--  The Company recently announced that the Ukrainian Civil Aviation
    Center (UCA CC) has signed a Letter of Intent to enter into an agreement
    for licensing and operating a Computer Reservation System (CRS), Electronic
    Ticketing, Departure Control System (DCS) and other miscellaneous modules
    provided by Ultitek. Software, training, installation assistance,
    maintenance and modification will be provided. The impact to revenue and
    profits should not be underestimated.
    
The report also states, "With a strong foothold already established in Russia, Ultitek is in an enviable position going forward. It is now cost prohibitive to have a similar software system in place like Ultitek has unless you happen to have a billion dollars or more lying around. UITK has the exact capabilities of similar much larger companies doing business in the Global Distribution Systems arena. Galileo International, Sabre Holdings and Amadeus, for example, are leading providers of IT solutions around the globe and provide the same services that Ultitek is capable of doing. These are billion dollar entities and are leaders in the distribution business. Ultitek now has the opportunity to grow exponentially as these companies have already done."

Market Advisors analyst's concluded, "We are initiating coverage of Ultitek, Ltd. with an intermediate-term price objective of $0.38. We believe that the company has numerous sources of growth in cash flow. One area of steady revenue is directly attributed to the company's software product SIG23 (Sirena Internet Gateway) for organizing the interaction of their site with reservations systems. Our target price of $0.38 is based on the current price of $0.09." (see the entire report in the profile below)

Continue to watch Ultitek closely. The company is engaged in the computerized airline reservation distributions system and has been a leader in the Russian Aviation market since 1989. Ultitek has a cost-effective, robust scalable software system that enables the airlines to manage their inventory, flight schedules, fares, sales and flight departures all over the world.

Before the news was released, the stock closed Monday at Seven cents a share.

For Wall Street News Alert's in-depth and updated profile of Ultitek, visit http://www.WallStreetNewsAlert.com/HotStocks/UITK071607/default.aspx

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

SIRIUS Satellite Radio (NASDAQ: SIRI) up 1.9% on 48.6 million shares traded. SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data.

Apple Inc. (NASDAQ: AAPL) up 0.2% on 33.4 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

AMR Corp. (NYSE: AMR) up 0.8% on 4.9 million shares traded. American Airlines is the world's largest airline. American, American Eagle and the AmericanConnection® airlines serve 250 cities in over 40 countries with more than 4,000 daily flights.

Market Commentary:

"The big news this week in earnings reports are by some major S&P heavy-weights. Look for results from Mattel, Microsoft, Intel, Merrill Lynch, Citigroup, Bank of America," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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