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ENGLEWOOD CLIFFS, NJ -- (Marketwire) -- 10/01/08 -- Ultitek Ltd. (OTCBB: UITK) is pleased to announce that TAIS, Ultitek's wholly owned subsidiary, will install the Serena-2.3 reservation system for ISRAIR AIRLINES. The airline will fly between Moscow and Tel Aviv. The software is compatible with all aspects of Transportation Clearing House (TCH) software, including authorized standard ticket forms and Electronic Ticketing (ET). Website development is in progress and it will soon be possible to buy tickets directly from the website.
"We have reached another milestone. Not only are we servicing another international airline, our revenue stream should increase accordingly," said Roman Price, CEO.
About Ultitek Ltd.
Through its wholly owned subsidiary, TAIS, Ultitek Ltd. 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, 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.
PSLRA SAFE HARBOR
The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions 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:
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
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