SOURCE: Wall Street News Alert

Wall Street News Alert

July 17, 2007 08:43 ET

Wall Street News Alert: UITK, Tuesday's Hot Stock to Watch! 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), Intel Corp. (NASDAQ: INTC), Advanced Micro Devices (NYSE: AMD) and Sun Microsystems Incorporated (NASDAQ: SUNW).

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 analysts 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

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

Intel Corp. (NASDAQ: INTC) down 0.08% on 29.3 million shares traded. Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live.

Advanced Micro Devices (NYSE: AMD) up 2.2% on 35.9 million shares traded. Advanced Micro Devices is a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide.

Sun Microsystems, Inc. (NASDAQ: SUNW) down 0.5% on 39.2 million shares traded. A singular vision -- "The Network Is The Computer" -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age.

Market Commentary:

"Wednesday Fed Chairman Ben Bernanke delivers his semi-annual report to Congress regarding monetary policy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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