ENGLEWOOD, N.J., Sept. 15, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that their wholly owned subsidiary TAIS has entered into an agreement with one of the largest Russian airports, Krasnoyarsk Airport (KJA), to install a Departure Control System (DCS) "REGINA". TAIS will be receiving an undisclosed licensing fee as well as an undisclosed fee per transaction as part of the agreement. The "REGINA" DCS system will be delivered and installed within four months time.
The "REGINA" DCS is a patented product that was developed by TAIS and is able to handle passenger registration, coordinate passenger lists, as well as handling passenger check-in procedures. "Our DCS product will enable Krasnoyarsk Airport to operate in a more efficient manner," stated Roman Price, CEO of Ultitek, Ltd.
About the Regina System
The REGINA System was developed in correspondence to the resolutions and rules of IATA and supports all types of standard messages. The REGINA provides for a full range of functions present in systems of this type including formation of passenger lists, processing of information about flight loads from other stations, transfer information to Sirena-2.3, and connection with aircraft weight and balance systems. Moreover, The REGINA can be integrated not only into the domestic, but also into the international information environment.
About Ultitek Ltd.
Ultitek's, Ltd. 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.