SOURCE: Wall Street News Alert

Wall Street News Alert

August 02, 2007 09:08 ET

Wall Street News Alert: UITK Is on the Move! August 2, 2007

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

WESTON, FL--(Marketwire - August 2, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Ultitek Ltd. (OTCBB: UITK), Continental Airlines (NYSE: CAL), Yahoo! Inc. (NASDAQ: YHOO) and Oracle (NASDAQ: ORCL).

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 TAIS has installed "Regina" DCS at the "Kurumoch" Airport in Samara, Russia for use by the Air Union Alliance. Regina is a full complement registration, check-in and departure control system (DCS). It interacts seamlessly with domestic and international flights as well as with other reservations systems.

"As new airports continue with installations of computerized DCS systems, Ultitek will continue expanding its capabilities in an already feature-rich system," said Roman Price, CEO

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:

--  TAIS has implemented E-Ticketing for "Yakutiya Airlines." An initial
    route covered is a round trip between the cities Yakutsk and Moscow.
    "Yakutiya Airlines" has 46 aircraft 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 Thirteen cents a share.

For an in-depth profile of Ultitek Ltd, visit http://www.WallStreetNewsAlert.com/HotStocks/UITK080107/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.

Continental Airlines (NYSE: CAL) up 0.5% on 4.4 million shares traded. Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 138 international destinations.

Yahoo! Inc. (NASDAQ: YHOO) even on 22 million shares traded. Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!'s mission is to connect.

Oracle (NASDAQ: ORCL) up 3.5% on 54.8 million shares traded. Oracle is the world's largest enterprise software company.

Market Commentary:

"In other good news, consumer confidence in July rose according to the Confidence Board. Consumers were upbeat about their own finances and the economy. Falling gasoline prices helped as did the Labor Departments report regarding good employment and lay-off numbers," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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