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. (
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: [email protected] http://www.ultitek.com |
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