Ultitek, Ltd. Announces Airline Ticketing Capability Through ATMs
Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that its wholly owned subsidiary, TAIS, through an agreement with one the largest travel agencies in Russia, has developed airline ticketing capability through ATMs. This development represents the first such capability in the airline industry.
“It is nice to be first in software development, but it is better to offer a real service to our customers. Our proprietary ATM software is a real breakthrough. The convenience to the passengers is substantial. Any ATM is a potential revenue generator for an airline and the travel agency. In turn, we expect a major impact on Ultitek’s revenues and profits,” said Roman Price, Chairman and 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.