SOURCE: Wall Street News Alert

Wall Street News Alert

August 16, 2007 08:48 ET

Wall Street News Alert issues Special Alert on UITK! August 16, 2007

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

WESTON, FL--(Marketwire - August 16, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Ultitek Ltd. (OTCBB: UITK), Apple Incorporated (NASDAQ: AAPL), Oracle (NASDAQ: ORCL) and Microsoft (NASDAQ: MSFT).

As the leader among reservations systems in the Russian Aviation Market, Ultitek Ltd. (OTCBB: UITK) should have investors monitoring the stock, as the company continues to garner the attention of airlines. Yesterday after the stock markets closed, the company, who through its wholly owned subsidiary, TAIS, has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989, announced that it filed the 10Q and the Company's revenues for the second quarter fiscal year 2007 were approximately $686,000, representing an increase of approximately eighty-six percent (86%) compared to $386,000 reported in the second quarter 2006.

According to the press release, the last six months revenue also increased from approximately $825,000 to $1,277,000. That represents an increase of fifty-five percent (55%).

"We are very pleased with the quarterly and six months revenue. We anticipate continued growth in the future," commented Roman Price, CEO and Chairman.

The Company's audited financial statements are included in the Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission which is available free of charge through the SEC's website, www.sec.gov.

Great news for the company, who over the past month has made several announcements which hint at a growing interest in Ultitek's technology! The announcements included the following:

--  Ultitek reported that that Malév Airlines (MA) has signed an agreement
    with Transportation Clearing House (TCH) of Russian Federation to allow
    sales of tickets using TCH's authorized standard ticket form. The press
    release states that in accordance with Transportation Clearing House's
    decision, as of August 10, 2007, through Ultitek's Computer Reservation
    System and Distribution, sales will be allowed for all flights on Malév
    Airlines.
    
--  TAIS has installed "Regina" DCS at the "Kurumoch" Airport in Samara,
    Russia for use by the Air Union Alliance.
    
--  TAIS has implemented E-Ticketing for "Yakutiya Airlines," and an
    initial route covered is a round trip between the cities Yakutsk and
    Moscow. "Yakutiya Airlines" has 46 aircrafts and 10 on order; it services
    over 40 cities domestically and internationally.
    
--  TAIS has come to terms with Tatarstan Airlines to provide airline
    distribution services to the airline, which has more than twenty aircraft
    and provides service to 30 domestic and some international cities.
    
--  TAIS has reached an agreement with Air Astana to provide distribution
    services to the airline. Air Astana is the national airline of Kazakhstan
    and has a modern fleet of 18 Boeing, Airbus and Fokker aircraft, and
    services 25 domestic and 18 international routes.
    
--  Ultitek's board of directors approved signing of the Letter Of Intent
    between Ukrainian Civil Aviation Computer Center (UCA CC) and Ultitek 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.
    

Continue to watch the company closely. 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.

Before the news was released, the stock closed Wednesday at Twenty One cents a share.

For an in-depth profile of Ultitek Ltd. visit http://www.WallStreetNewsAlert.com/HotStocks/UITK081507/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.

Apple Inc. (NASDAQ: AAPL) down 3.3% on 35.4 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.

Oracle (NASDAQ: ORCL) down 0.8% on 27.1 million shares traded. Oracle is the world's largest enterprise software company.

Microsoft Corp. (NASDAQ: MSFT) down 0.6% on 48.1 million shares traded. Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Market Commentary:

"Oil is up by $1.62 or $74.00 a barrel, now with two major storms in the Caribbean, and maybe a threat to oil production and refineries. The Energy Department noted that supplies of crude fell more than expected last week, which did not help pricing," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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