Ultitek's New Software to Open Western European and North American Markets


ENGLEWOOD CLIFFS, N.J., Aug. 12, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that the Company has begun translating the input and output procedures of the Computerized Airline Reservations Systems (CRS) system from Russian into English. The translation into English will enable Ultitek to market and sell their software in the Western European and North American markets.

Ultitek's CRS product operates under the UNIX OS and uses a relational database and C++, a universally understood and state-of-the-art programming language. The translation of the input/output procedures is straightforward for the most part, and relative to the complete system, quite minor. The total system is viable and robust and is presently serving over 60 airlines. "The translation is important because it will make us more attractive to potential customers, especially those where English is the primary or secondary language," stated Roman Price, CEO of Ultitek Ltd.

Ultitek Ltd. recently announced that they will be opening a sales and development office in Sofia-Antipolice, France. Sofia-Antipolice is located on the outskirts of Nice and is home to many large technology companies such as HP, Air France, American Express, Amadeus, and Motorola.

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.



            

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