February 27 - Ultitek Expects Further Revenue Increase With Completion of Electronic Ticketing (ET) Implementation for the Largest Airline in South Russia
Ultitek Ltd. (OTCBB: UITK) is pleased to announce that its wholly owned subsidiary, TAIS, has completed the final implementation of its E-ticketing module for the largest airline in South Russia, Kavminvodyavia Airlines (KV). Kavminvodyavia, or Federal State Unitary Aviation Enterprise is based in Mineralnye Vody. As a member of the International Air Transportation Association (IATA: Symbol KV), KV has a fleet of about twenty aircrafts and operates both domestic and international routes. The airline anticipates smooth passenger traffic flow.
"This contract should have a positive impact on our revenue flow. E-ticketing is currently the most widespread method of airline ticketing and is the future of the airline industry. We intend to provide that capability to all our customers in the near future," said Roman Price, Ultitek CEO.
