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Ultitek Signs Formal Joint Cooperation Agreement With GDS Galileo

SOURCE:

Ultitek Ltd.

2008-04-08 04:00:00

Ultitek Signs Formal Joint Cooperation Agreement With GDS Galileo

ENGLEWOOD CLIFFS, NJ–( EMWNews – April 8, 2008) – Ultitek Ltd. (OTCBB: UITK) is pleased

to announce that its wholly owned subsidiary, TAIS, has signed a

Reservation Sales Solution agreement with GDS Galileo. The RSS Interface

implemented between TAIS’s reservation system Sirena-2.3 and GDS Galileo

provides full access to End Users of Sirena-2.3 to airlines all over the

world for flights emanating from within former Soviet Union countries.

Ultitek anticipates issuing more than 300,000 E-tickets for the year 2008

with a positive impact in revenues and profits.

“We anticipate 2008 to be a great year for us. This agreement with Galileo

in conjunction with our previous agreement of cooperation with Amadeus

demonstrates the flexibility of our software systems,” said Roman Price,

Ultitek’s CEO.

About Ultitek Ltd.

Through its wholly owned subsidiary, TAIS, Ultitek Ltd. 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: The information in this news release includes certain

forward-looking statements as defined in the “Safe Harbor” provisions of

the Private Securities Litigation Reform Act of 1995. The matters described

in these forward-looking statements are based upon assumptions that are

subject to significant known and unknown risks, uncertainties and other

unpredictable factors, many of which are beyond Ultitek’s control. Ultitek

faces many risks that could cause its actual performance to differ

materially from the results predicted by its

forward-looking statements. Although Ultitek believes that the expectations

reflected in

forward-looking statements are reasonable, because of those risks,

Ultitek’s actual results, performance or achievements may differ materially

from the results, performance or achievements contemplated by its

forward-looking statements. Accordingly, it can give no assurance that the

expectations of any of its forward-looking statements will prove to be

correct. The information set forth in this news release represents

management’s current expectations and intentions. Ultitek assumes no

responsibility to issue updates to the forward-looking matters discussed in

this news release.

Contact:
Ernest J. Sabato
Ultitek Ltd.
560 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
Telephone: 1-201-541-1700 or 1-888-ULTITEK
Fax: 1-201-541-1778
Email address: ejs@ultitek.com
http://www.ultitek.com

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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