ENGLEWOOD CLIFFS, N.J., Sept. 20, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that their wholly-owned subsidiary, TAIS, has signed a multi-million dollar agreement with Air Union, the second largest Russian Airline to supply them with a revenue management system. The solution provided by TAIS is done through a strategic alliance made between TAIS and Lufthansa Systems.
Lufthansa Systems is one of the world's leading full service IT providers and industry specialists for the airline and aviation sector. Over the past 10 years Lufthansa has established a key position in an increasingly difficult market thanks to an in-depth airline know-how and a comprehensive technological competence. Lufthansa Systems is a wholly owned subsidiary of Lufthansa Airlines (FWB:LHA)(LSE:LHA)(Pink Sheets:DLAKY).
"We are excited about expanding our relationship with Air Union. We are always looking to develop solutions that help increase our customers' operations," 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
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