ENGLEWOOD CLIFFS, N.J., Oct. 4, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that its wholly owned subsidiary, TAIS, signed an agreement with OAG that will allow its customers to access OAG's international scheduling system. OAG has granted access to the complete international schedule for Siren-2.3 terminals.
Preceding this agreement, TAIS could only provide information within the former CIS countries. This agreement will enable TAIS to increase their sales to their current customer base because they will not have to deal with the cumbersome process of utilizing other services for international flights. As per the agreement, customers' will be enabled with more flexibility and ease of operations.
"This service will be available to our customers on November 1, 2005. We will provide this service as an option to all our customers. We are very excited about moving closer toward our goal of being a complete international company serving the airline reservation and distribution marketplace," said Roman Price, CEO of Ultitek, Ltd.
About OAG
OAG is a global content management company specializing in travel and transport. OAG maintains a data base of worldwide airline schedule.
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, 9 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.