Ultitek Ltd. To Establish U.S.-Based Internet Travel Company
Posted on: Friday, 19 August 2005, 09:00 CDT
ENGLEWOOD CLIFFS, N.J., Aug. 19, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that they will establish by year end a U.S.-based, full-service, Internet travel company. The travel website, in addition to normal travel services, will enable travelers throughout the world to book travel on flights within Russia and C.I.S. countries on scheduled carriers and charter flights, which is not available to the world currently.
Ultitek's wholly owned subsidiary TAIS currently owns website software that offers online travel for flights within the former Soviet Union. This universal feature helps fulfill Ultitek's plan to become a company with worldwide capabilities.
"The online travel company will enable Ultitek to generate revenues in a niche market, as well as enable the creation of a new customer base in the travel industry," stated Roman Price, CEO of Ultitek Ltd.
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.
CONTACT: Big Apple Consulting USA, Inc. for Ultitek Ltd. Matt Maguire (407) 884-0444 (866) THE-APPLE www.ultitek.com
Copyright © 2005 PrimeZone Media Network, Inc.
Source: PrimeZone Media Network
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