CURRENT PRICE 2.00-3.00 PENCE
TRADES OVER 60,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.

"QuikTrak will serve the community by providing secure, reliable and flexible tracking and messaging services"

http://www.quiktrak.co.uk

Substantial Share holdings updated on 14 June 2004.

Chris Kyriakou 19,241,056 (updated on 9 July 2004)
(including interest held through Investika
Ltd)
Guido van Alphen 671,989 (updated on 9 July 2004)
Charles de Chezelles 1,000,000 (updated on 9 July 2004)
Brian Parritt 682,825 (updated on 9 July 2004)
John Scott 998,334 (updated on 9 July 2004)
Damelian Automobile Limited 5,935,483
HSBC Global Custody Nominee (UK) 4,373,333
Productive Nominees Limited 3,348,400
Westpac Custodians Nominee 2,857,162
Philip Securities (UK) Nominees 2,630,084
SST Partners Pty Limited 1,865,437
________________________________________________________________________________
INTERIM RESULTS

QuikTrak Networks PLC
20 September 2004

QuikTrak Networks Plc

Interim Results

For the six month period ended 30 June 2004

The first six months of this financial year have presented the Company with some
major challenges.

Following the commercialisation of the M25 Network in late 2003, the Company
found that the market demand for a network limited to within the M25 was
incompatible with the operating costs being incurred, in particular the level of
spectrum fees being paid, which were for a national UK telecommunications
licence. Given the intense competition in the sector and the variety of
technologies on offer, it is now clear that a fundamental component of a
successful business plan is the ability to offer UK national coverage. The
establishment of such a network for QuikTrak would require a significant amount
of capital and we have to date not been successful in securing these funds,
despite sustained efforts.

Following a review of the costs incurred in operating the M25 Network, the Board
resolved it was not in shareholders' interests to continue to do so. As a
result, the Company's wholly-owned subsidiary, QuikTrak Telecommunications (UK)
Ltd (QTT), was placed into administration on 23 August 2004. The ability of
QuikTrak Networks plc to pursue its broader objectives is not impacted by this
decision.

During the six month period, the Company generated revenue of 157,002 (2003 :
26,025). The loss for the period was 2,589,940, which includes writing off
the value of the net assets in QTT to nil (2003 : loss of 1,471,848).
Included in the consolidated balance sheet at 30 June 2004 are assets of QTT
amounting to 1,142,642, offset by liabilities of QTT of the same amount.

The Company has refocused its operations in order to enable it to exploit the
Intellectual Property Rights of the technology and its unique software in
Europe, the Middle East and the countries of the former USSR through network
sales and licensing arrangements. In order to be able to demonstrate the
technology, the Company has negotiated the right to use a QuikTrak network
currently operating in Australia, at a substantially lower cost than the
operating costs of the M25 network.

In July 2004, the Company raised new equity of 800,202 (net of costs) to
finance this revised strategy.

Progress continues to be made in selling a licence agreement to a prospective
operator in the United Arab Emirates. This is the first example of QuikTrak
utilising the Intellectual Property ownership of its system and is intended to
act as a blueprint for all future licensing deals in Europe, the Middle East and
the countries of the former USSR. Licensing deals are expected to provide a
revenue stream through consultancy fees for preliminary investigations,
technical planning, acquisition of base-stations and software, as well as
through monthly technology, licence and technical support fees per base-station
and transponder deployed.

QuikTrak's secure, accurate and reliable tracking technology has been well
received by the market for a wide range of applications and I remain confident
that with our new approach based on licensing and partnerships we have a solid
base for re-building shareholder value.

Chris Kyriakou
Chairman
QuikTrak Networks plc

For further information contact:
Annie Richards QuikTrak Networks Plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400

THe directors and chairman do get to buy at the mid price which in this case was 1.75 pence as the price was 1.50-2.00 pence two hours ago. For example, few weeks ago the chairman of CDN was also able to acquire more than 1 million shares at the mid-price of 4.25 pence when the price was 4.00-4.50 pence.

Thanks Sue, I guess we should see this announced on the RSN? Should it push the price up?

Yes it will help if an RNS carrying an update on those transactions comes. Their update which they published on their website with regards to the new strategy was also pleasing which I have posted on this thread yesterday evening.

Their website is well worth a look at :

http://www.quiktrak.co.uk

Found the accounts on their website.

Highest paid director 396k lol , someones having a laff I think Sue or am I misreading it ?

I think that'll have been revised down to reflect their cost cutting, keep an eye on the website to see if that figure changes. The following was updated yesterday on their website :


In line with the company's new strategy, we are now able to substantially reduce overheads. Consequently, QuikTrak have moved to smaller offices within the Richmond area. The future of the QuikTrak technology remains secure and we continue to explore all commercial opportunities within Europe, countries of the former USSR and the Middle East.

You can't revise down last years accounts Sue , looks like its the chief who's bleeding them dry to me.

How can he justify almost 8k a week ?

Good luck but this looks like a can of worms to me , the other directors also managed to squeeze another 72k out of the company between them !

Hi Dil, I can't find that on their website! Can you post the link here please.

Availability of accounts

The accounts have been posted to shareholders. Copies are available from
the Company's office at Lawton Gate House, 7 Hill Street, Richmond TW9 1SX.

Its under investor relations tab on the left .

Thanks , I am more interested in their current salary after the restructuring of the business like everything else. I'm looking at the future here and not the past.

Sue-panic and fear v research and fact :0))lol

That would be fine if there was a different guy in charge but there isn't.

Substantial Share holdings updated on 14 June 2004. A lot of trusts have big holdings in QTR.

Chris Kyriakou 10,000,000 19,241,056 16.6%
(including interest held through Investika
Ltd)
Guido van Alphen 666,667 671,989 0.6%
Charles de Chezelles 666,667 1,000,000 0.9%
Brian Parritt 466,667 682,825 0.6%
John Scott 666,667 998,334 0.9%
Damelian Automobile Limited 5,935,483 9.9%
HSBC Global Custody Nominee (UK) 4,373,333 7.3%
Productive Nominees Limited 3,348,400 5.6%
Westpac Custodians Nominee 2,857,162 4.8%
Philip Securities (UK) Nominees 2,630,084 4.4%
SST Partners Pty Limited 1,865,437 3.1%

That guy got over 40 an hour 24 hours a day seven days a week .... while the company teeters on the brink.

Nice if you can pull it off.

A new CEO was appointed two weeks ago Dil.

Instead of Kyriakou ? He's the one that looks dodgy.

You're having a laugh Dil, the total directors pay which includes 5 directors for last year was 468,000 pounds (Directors Emoluments). That is about right. Each director paying themselves less than 100,000 pounds. I don't know where you got your figure from.

Your pulling my leg aren't you !

London, 23 June, 2004 - QuikTrak Networks plc (AIM: 'QTR'), the secure tracking
and data messaging technology network operator, is pleased to announce the
appointment of Guido van Alphen to the Board as Chief Executive Officer, moving
from Chief Operating Officer. The appointment is effective immediately. Chris
Kyriakou will continue as Chairman.

Note 21 I think Sue.

The figure of 396,000 pounds you are quoting was an amount paid to a third party for the provision of services.