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Ultitek Signs Airline Distribution Agreement With Tatarstan Airlines

Posted on: Monday, 23 July 2007, 18:18 CDT

Ultitek Ltd. (OTCBB: UITK) is pleased to announce that TAIS, Ultitek's wholly owned subsidiary, has come to terms with Tatarstan Airlines to provide airline distribution services to the airline. Tatarstan Airlines is an airline based in Kazan, Tatarstan, Russia. The airline has more than twenty aircraft and provides service to 30 domestic and some international cities. Among other features, an airline Global Distribution System (GDS) provides a booking interface between airlines and travel agencies.

"With the agreement we reached with Tatarstan Airlines added to the previously announced agreement with Air Astana, it can certainly be stated that we have jumped into the airline distribution with both feet. We anticipate more agreements in the near future," 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.

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.comhttp://www.ultitek.com

SOURCE: Ultitek Ltd.

Source: MARKET WIRE

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