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

Hi Big Al. At these levels there is not much risk at all. There was a risk at 20 pence levels. Even with the fundraising the directors are putting 200,000 pounds of their own money into the company. In addition, the new options announced today at a much higher price of 25 pence. The company has tripped up before but that was due to cash problems which should be ok now with the fundraising. Along with the middle east contracts and licences to come and the tie up with a stragetic partner.

QTR has changed its business model to drastically reduce operating costs and maximise opportunities for its patented technology. Selling licences to utilise their technology rather than operating a network themselves gives them a much better chance of success by cutting operating costs to a fraction of what they were.
The revised business model is similar to ARM and could work very well for them. Focus on the technology and let others invest in the applications.

Hi Snakey, we should be ok with this one at these levels. I have been checking the online prices hence I was able to deduce that your trade was a buy. The wide spread can be a bit off putting so sometimes it is better to check the online prices to see what the actual prices are.

From the figures above:

Turnover 49,732
...
Loss on Ordinary Activities Before Taxation (6,966,301)

So for every 1 of product or service they sell they lose, er, 140.

OUCH! Be careful with this one guys...

Sue - risk is possible 0p value.

Always have a stop. Like I said above, this thing is still falling so not much sign of a turn.

Pls set a stop somewhere. ;-)))

Hi Peter, that was on their old business model, all the bad news was priced in hence the price did not fall on the results release. In addition, they have won new contracts and licences recently ie. last Friday which will appear in the next set of results. See the RNS's for the last couple of months and their approach.

Most of my stock selections have occured when they have been in a downward trend and then bottomed out and its the same here. In the coming weeks I expect these to rise significantly from here once the EGM announcement has been next Tuesday and the new shares have come to the market. I remeber YOO media who were in a similar position at these levels at one stage last year and then they had the same fundraising with the directors taking part in the fundraising, new business model etc. and it worked. Like YOO not many were buying YOO around 2-3 pence and from those levels when the new business model started delivering the price got up to 50 pence.

PS. The price is not falling as the price has been around these levels for the last eight trading days. And support at 2 pence with the fundraising.

Further to that a new Chief Executive Officer was appointed last week :

RNS Number:0800A
QuikTrak Networks PLC
23 June 2004

QuikTrak announces board appointment


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.

Guido van Alphen is currently a director of Expertel and within the past five
years was a director of Duc Telematica, CSS Holding and VAC.

- ends -




For further information:
Chris Kyriakou/Annie Richards Ana Ribeiro/Justine Howarth
QuikTrak Networks plc Parkgreen Communications
+44 (0) 870 010 6044 +44 (0) 20 7493 3713



This information is provided by RNS
The company news service from the London Stock Exchange
END

Again the real (online) spread is better at 2.15-2.74 pence rather than the monitor price of 2.00-3.50 pence. Baffling!

In reasonably substantially @ 2.9.
This is a decent risk/reward punt given the board's focus on controlling costs (not before time) and the attraction of their generation 3 and 4 products. They need to sell/licence lots more, and if they do this is a twenty bagger in a couple of years. If they dont, the intellectual property surely has some value and I cannot see much downside for investors at these prices. My first price target is 12p, however.
All the same, this is clearly not for widows and orphans.
DYOR and all that

Thanks for your input Joe. Much Appreciated.

SueHelen, what do you mean by the "online" spread

Hi Artey, what I mean by the online spread is that the prices are different to the ones showing on the monitor. For example, the offer price is shown as 3.50 pence whereas if you check an online quote with your brokers dealing account you should see that the actual offer price is under 3 pence.

Further to that the real prices again are 2.00-2.75 pence instead of the indicative prices on the screen of 2.00-3.50 pence.

Agree with PeterG & Big Al on this one. Set your stops if your brave enough to enter this one.

Sorry SueHelen, but just can't take any recommendation from someone who predicted "it'll be 50p by Christmas" for a share (CWV) which hit 19p at the top and now trades around 6p.

Hi Markp, thanks for your input. You should note that I did give my reasons for CWV and the reasons...all the prophetX contracts did come but the expected TDI contract did not come. I reiterated that a month ago on the CWV thread as well. Do you put Shares Magazine in that category who had a prediction of 20 pence for CWV couple of months ago ?

Geographical, political and economical situations change as well and stocks are in favour at some points and sometimes they are note. That is another thing to bear in mind. Just look at the rally in all the resouce stocks in March this year on the back of rising gold prices and all those stocks have retreated significantly since.

PS. I don't mean to boast but you have not mentioned all the risers I have picked since Christmas where if someone had followed me must have made hundreds of percentage of gains. I'm mystified as well, why that happens? When some are quick to point out stocks which have retreated even though I mention when I sell out and give my reasons and don't mention the 1000% gain and more put all together on all my picks since Christmas. What about the 250% gain some must have made after my recommendation at 7 pence and they went up to 22 pence ??? When I sold CWV at 15 pence the price was still at that level for four whole weeks which left plenty of opportunities for those who took my advice and bought could have sold as well when I did.

CHR +100%
NEB +80%
DOC +30%
CDN +25%
AFG +200%
MDW +50%
BGY +125%
PMD +200%
WHOG +200%
HST +50%
CFP +150%

Sorry but if you think my action was bitter on CWV then just have a look around on the threads on MONEYAM and see the price predictions and how the posters have disappeared. Unlike, I try to give my reasons for whatever action so those who bought in with me could atleast sell at the same time. I'm sure if you go back on the CWV thread back before Christmas you will see my reasons.

Just look at Colt this week and how it was touted as a takeover target here at 85 pence three weeks ago and now at 47 pence. No updates on that thread for investors who may have bought on the touted takeover rumours.

With regards to the QTR you must have done your reasearch so I appreciate your input. My research has led me to believe otherwise.

I have already mentioned in my earlier comments as to why these are a buy at these levels with reasons to back it up with.

Regards.

Extraordinary General Meeting (EGM) on Tuesday this coming week where details of when the new shares will come onto the market will be announced. Directors are putting 200,000 of their own money into the fundraising so out of the 56 million shares approximately 15 million shares less out of the 56 million shares will not be floating around. They will added to the directors interest.

Once the new shares have come onto the market the price should start to rise. The price has bottomed out (see candlesticks and definitions) and if one sees the trades since the fall from 15 pence they have been hardly any sells from 15p to 2 pence. This means that once more new contracts and licences start to come the price will have no resistance on the rises and they won't be any sellers, just buyers.

All the bad news was priced in hence the price did not fall when their results were released last week. It actually finished up on the day. Most of the latest contracts and licences were not included in the results. Even with the fundraising announcement they did announce a contract win with the fundraising announcement. The newsflow has been pretty good this year with new contracts and licences being awarded practically every month. A good RNS every month. What was wrong was their business model, which they have rectified now. All the bad news is out of the way now and with the directors options at 25 pence I think the directors can get the share price rising with new contracts win pretty soon.

From the Final Results :

"From the
beginning it has been a fundamental component of our business plan that we
operate a UK national network, but the establishment of such a network requires
a significant amount of capital and we have to date not been successful in
securing these funds - our efforts in this direction continue and we believe
that in due course we shall find a partner to further commercialise the M25
Network and take the technology to the national market.

Accordingly, the directors resolved in May 2004 to suspend commercial operations
of the M25 Network, retaining it for demonstration purposes, and to focus the
company's efforts on securing partners to roll-out, operate and commercialise
QuikTrak networks in the Territory. In June 2004, we secured #845,000 in new
equity to finance this revised strategy.

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
Telephone: 0870 010 6044

Hi Sue,

Question? How can one tell if there were only buys from 15p?? what candle sticks tell us that??

I have been following all the treads u created and I u always been right. Tru you I made 25% in WHOG and if I had followed u when u say buy in BGY and CDN I would have made at least 100% but I did not. This time I have place some dosh on this one.

a very good freind of mine works 4 a real time data company, perhaps I can help in the future, u let me know how.

PS. I think IAL has alos bottomed. results are out and a merger on the horizon. I know some time ago u were looking at IAL. would be great if u could investigate?? Thanks

Hi all,

Bought some at 2.50p good price I got for these, strange cos as soon as I bought, i made 50 quid!! Again screens showing 2-3.5p spread

kumon QTR roll upwards!! Thanks Sue

on board at 2.5p

Cheers for flagging this one up

Summary.

Trades Today.

BUYS = 521,264,
SELLS = 250,955,
Rollover trades = 1,228,000.

614,000 rollover trades reported at 3.50 pence and 3.45 pence after close today where somone sold them at 3.45 pence and bought them back at 3.50 pence. Someone who probably had these on a T20 etc. Encouraging trade nonetheless.
Though it is a rollover someone out there is holding 614,000 SHARES at a price of 3.50 pence now.

When the 56 million shares at 1.50 pence will be admitted to the market to be announced at the EGM tomorrow in which directors are putting 200,000 of their own money into the fundraising. So out of the 56 million shares the directors will be adding approximately 13 million shares to their interests.
The chairman already has a sizeable holding at 12 pence and other directors at 12 pence..

Director Number of ordinary Interest in ordinary Percentage of
shares subscribed in shares following the issued ordinary
the Placing Placing share capital
(following the
Placing)

Chrisilios Kyriakou 883,333 10,166,056 17.0%
John Scott 316,667 331,667 0.6%
Charles de Chezelles 233,333 333,333 0.6%
Brian Parritt 150,000 216,158 0.4%
John Landels 66,667 109,677 0.2%

(29 January, 2004)