Ultitek Develops New Website for One of Russia's Largest Travel Agencies
Wednesday, October 15 2008 - 11:33
UITK $0.0051 $-0.0039 (%-43.33)
ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- 10/15/08 --
"V.I.P. Service," one of the largest travel agencies in Russia, initiated a new website,
Поиск, for their authorized agents.
This website was based on TravelShop, developed by Ultitek''s (OTCBB: UITK)
wholly owned subsidiary TAIS. TravelShop is a software module that provides
various services for travel agencies. In the very near future, V.I.P.
Service plans to provide a direct access to the reservation system for
authorized agents.
The new website will ease the load for the main office operators and more
importantly, will allow authorized agents greater access to the reservation
system.
Authorized agents now will be able to access the system directly for both
domestic and foreign airlines, thereby minimizing the need for phone
communication, which was a significant cause for delay in the past. This
new service provides a much more convenient tool for booking.
This is the fourth website created by TAIS utilizing its software module,
TravelShop, for direct air transportation sales.
"We are happy we were able to accommodate V.I.P. Service. TravelShop is
just one module of a large suite of services we offer to the airline
industry," 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.
PSLRA 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. SabatoUltitek Ltd.560 Sylvan AvenueEnglewood Cliffs, New Jersey 07632Telephone: 1-201-541-1700 or 1-888-ULTITEKFax: 1-201-541-1778Email address:
ejs@ultitek.comhttp://www.ultitek.com
