February 28 - Ultitek Ltd. Rated 'Speculative Buy,' Target Price $.47 by Beacon Equity Research
Ultitek Ltd. (OTC Bulletin Board: UITK) has been rated Speculative Buy with a price target of $.47 by Beacon Equity Research Analyst Victor Sula, Ph.D.
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In the report, the analyst writes, 'Ultitek Ltd. (UITK) is a US-based provider of mission-critical transaction processing and information technology services to the global airline and travel industry. Through its wholly-owned Russian subsidiary, Transport Automation Information Systems (TAIS), UITK has been providing Computerized Reservations Systems (CRS), Global Distribution Systems (GDS), Departure Control Systems (DCS) and Airlines Operations Systems (AOS) since 1989. The Company also offers consulting and maintenance services to airports and provides reservation systems for theaters, circus performances, concerts and other events. In 2006, approximately seven million passengers traveling on 70 different airlines made reservations through UITK's system. These passengers represented more than one-half of all the traffic on domestic scheduled flights by Russian and Commonwealth of Independent States (CIS) carriers.'
