ENGLEWOOD CLIFFS, N.J., July 25, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that they have been featured on Wallstreetcorner.com. In his interview with Larry Oakley, Ultitek, Ltd. CEO Roman Price stated "We are currently in the process of converting our output of the system and documentation from Russian into English and eventually Spanish and French." The Company is planning on opening an office in a Western European country in the near future.
Ultitek's wholly owned subsidiary TAIS has been in business 16 years and has been profitable every year. "Ultitek's system has a huge advantage over its competition because the company is willing to customize its system for each airline. Its system costs a fraction of the operating and maintenance costs of big systems and it actually can be operated on PC-based servers instead of having to use big and costly computers," stated Larry Oakley in his column.
Mr. Oakley continued to state in his column that Ultitek's long-term potential is substantial because most of the approximately 1,100 airlines in the world today are relatively small, so they need an efficient and cost effective reservation system.
"Ultitek has made great strides over the past year and we will continue to follow our business plan in order to increase shareholder value," stated Roman Price, CEO of Ultitek, Ltd.
To read to the editorial in its entirety, please go to www.wallstreetcorner.com.
About Ultitek, Ltd.
Ultitek, Ltd.'s wholly owned subsidiary TAIS 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.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.