ITIS is emerging as a leader in the supply of satellite navigation data in the information technology industry. They have come up with a new system of gathering real time and historical data called Estimotion. Profits for next year are forecast at 1.6 million but this is without the roll out of this new technology. Cash 6 million. ITIS report they are in a period of high growth.

Estimotion is an Israeli company ITIS purchased for $5m and combines real time and historic data to guide drivers through their satellite navigation systems to their destination avoiding traffic jams and giving the quickest route. They are also able to supply data to other systems including hand held satellite navigation and have contracts with Alpine, Clarion, Kenwood,
Panasonic, Pioneer and Siemens.

There stolen vehicle tracker NavTrak is the best selling in Europe and is fitted to 100,000 vehicles world wide. It has many other functions and further details can be found on the NavTrak web site.

ITIS have 13 three year contracts with major car manufacturers to supply RDS_TMC and combine their data gathering with the AA.

Further announcements are on the way and they also hope to win international contracts with both RDS_TMC and Estimotion. They are in talks with four governments.

Recently they came first in a comparison test with other companies run by the Sunday Times and there have been several write ups in Shares Mag including mention of the global market ITIS is aimed at.

Mobile phone companies will be interested in this one.

Well worth further investigation with announcements on Estimotion and foreign RDS_TMC contracts soon.

In at 20p

broker 60p

demo....


http://www.estimotion.com/

But lets not forget the TFC scandal. That will break soon. The leaked RNS's scam and collection of insiders will be forced out of trading and the road will be clear for freedom of speach.

True i spoke to gentleman at itis yesterday before jumping in and couldn,t say there position with what was happening with tfc but ,told me and looked up and confirmed on three other surveys itis products came out on top,or was that just him selling his product.And was confident they had the money reserves to buy us all champagne at the christmas party

Have decided to join you. Looks like a company doing some great deals. Up 10% today on another contract.

It is a very significant contract. The first US city to take Estimotion. I now expect it to spread like wild fire across the US and other parts of the world and the share price to reflect that.




ITIS Holdings PLC
09 September 2004

9th September 2004

ITIS awarded contract for Estimotion Technology in the USA

ITIS Holdings plc (ITIS), a leading road traffic information specialist is
pleased to announce that it has been awarded a two year contract worth 500,000
by the Maryland Department of Transportation (MDOT) in the United States to
deploy its Estimotion technology in the Baltimore region. Estimotion generates
real time traffic flow information based on anonymously sampling the positions
of mobile phones in moving vehicles.

ITIS will license the Estimotion software to MDOT and is in negotiations with
other commercial organisations to sell the data for use in applications such as
in-vehicle navigation and broadcast services. There will be no new overhead
requirement for this project as the software allows all technical support and
implementation to be handled by the existing teams in the UK and Israel.

This announcement builds upon recent contracts to roll out the Estimotion
technology in the UK and in Belgium and is the first time that traffic
information has been collected in the US using this method. ITIS is confident
that a successful implementation in Baltimore will attract other State
Departments of Transportation to employ this technology. Traditional methods of
collecting traffic flow data are not only capital intensive resulting in
significant long term maintenance costs but are also unable to offer reliable
information in urban areas. Estimotion addresses both of these problems and as
a result, MDOT will receive accurate, real time information from the heart of
the city through to major roads and interstates.

ITIS has also agreed terms with a major cellular network partner to support
Baltimore and other cities in the US.

Stuart Marks, Chief Executive, ITIS Holdings plc said 'This is an exciting
milestone for the Company and proves beyond doubt that with our technology and
knowledge of the market for traffic information we can confidently operate in
virtually any city in the world. Congestion is a major problem everywhere and
Governments and the Commercial sector are increasingly trying to find more
efficient ways to access reliable information. We fully believe that ITIS is
set to play a major part in this need for consistent and scaleable traffic data.
For Baltimore to select ITIS for this project is a huge endorsement and I am
confident that we will win further business in the US and internationally.'

I like this line... There will be no new overhead
requirement for this project as the software allows all technical support and
implementation to be handled by the existing teams in the UK and Israel.... Looks like the major costs involved in research & development not relevant to new contracts. Medium to long term shares IMHO.

I am very exited about this company. This Baltimore contract looks like the first of many in the US. It is very impressive that the contract comes with no over heads as all technical support can be done with existing services.

The share price will I am sure begin to reflect the prospects multiple contracts will bring.

Looks sure to be the target of a takeover!

The US have a haphazard way of collecting data which is different in each State. Estimotion has no competition.

Savoy,

How do you know it will be the "first of many?"
Have you any links to back this up, or is it a personal opinion not based on any facts at all?

The Sp will certainly improve once the market believes in the cpmpany, and i would have thought they may want to see another couple of wins first, IMHO.

How can you be sure it will be a "takeover target?"

How do you know their data collection is "haphazard?"

I find it hard to believe that the world's most technically advanced nation has nothing to offer in this respect!

Andy,

A little bit of research ie Stuart Marks comments about international contracts are clear enough where the company is going. It hard to believe the US has nothing like Estimotion but it doesn't. A quick call to ITIS and they will help you out there.

I suppose traffic data collection has never been a priority until now but with growing populations, accidents and congestion it is on every Governments agenda.

Take-over because the technology is new and a multinational would be keen to have such power Estimotion brings. The world in its hands!!! Estimotion also for the first time gives a complete picture including urban areas. This is a real move forward and simplifies data collection and delivery. It is quick and easy to deploy and much cheaper and less time consuming than anything that has gone before. All local authorities, cities and Governments want cheaper outlay. On many levels Estimotion is has all the ingredients of success.

ITIS have also singed up a telecoms company to provide Estimotion to other US cities and there are 2,600 of them.

I agree another couple more contract wins will convince the market.

I like what is happening. I never had a doubt about the company and I have no doubt where the share price is going but I would like to see the newspapers get involved in this story.

TFC Insider share dealing, TFC company employees and management leaking RNS's on bulletin boards, TFC malicious reports and TFC planted press reports, TFC threats to ITH posters and involvement of the authorities. It might also get ADVFN closed down with a bit of luck.

Is cybit holdings a rival or a different type type of company altogether??

Great company. Undervalued. Topped up again recently.

ITIS Holdings PLC
14 September 2004



ITIS Holdings plc ('ITIS' or the 'Company')


AGM Statement


The following statement will be read by Sir Trevor Chinn, Chairman of ITIS, at
today's AGM to be held at Station House, Stamford New Road, Altrincham, Cheshire
at 10.00am.

'Trading has been very strong in the first half of this financial year and we
expect the high demand for our services will continue into the second half. Our
interim results for the six months ended 30th September 2004 will be
substantially better than those achieved in the same period last year as a
result of significantly increased revenues and tight cost controls which have
led to a substantial reduction in loss and reduced cash outflow.

Our business is split between into two main operating areas. ITIS collects
traffic information using Floating Vehicle Data (FVD) and our new Estimotion
technology (which anonymously samples the position of mobile phones in moving
vehicles) and distributes it to the automotive sector, (through RDS-TMC,
cellular networks and via short dial premium line numbers) and to both local and
central Government. NavTrak is our stolen vehicle tracking service and is sold
directly to OEM's and fitted to high value vehicles.

ITIS continues to be the market leader in RDS-TMC services and now has contracts
with Bentley Motors, BMW, Ferrari & Maserati, Ford Motor Company, Land Rover,
Lexus, Mitsubishi Motors, Nissan, Renault, Saab, Subaru Europe, Toyota, Vauxhall
Motors and Volkswagen and in the aftermarket with Alpine, Becker, Panasonic,
Pioneer and Siemens VDO. We expect to announce further contracts during the
remaining part of this year ensuring that we remain the major provider of
RDS-TMC in the UK. As RDS-TMC is an international standard we are investigating
how we can use our knowledge together with the Estimotion technology to support
services outside the UK.

In February this year we announced a three year contract to supply historic FVD
to the Department for Transport and we are pleased to report that the DfT is now
starting to use and distribute our data widely. Both national and local
Government are key areas for ITIS and we will build on this contract from the
DfT to maximise revenues from this important sector.

The acquisition of Estimotion in December 2003 has exceeded our expectations. We
have secured O2 as a network partner in the UK and will shortly be taking our
first deployment in Scotland and expect other cities will follow shortly after.
We are working with the Flemish Government and Proximus, the largest network in
Belgium and last week we announced our entry into the US market with a
strategically significant contract to provide real time traffic information in
the Baltimore region. There is considerable interest from Government and
cellular networks around the world for our technology and we will find a balance
between taking advantage of this interest whilst ensuring that we do not over
commit in terms of resources. We will prioritise contracts where there are
immediate revenue streams and where we do not need to invest heavily in people
or infrastructure. Our preference is for licensing or partnerships with either
the cellular networks who can use the data which we produce to provide services
back to their customers or alternatively, those organisations who have access to
other markets where traffic data can be sold. Next month, under the terms of the
acquisition we will pay the next tranche payment of 816,000.

We believe that there is a huge market for real time traffic information using
our technology and we have proven that we can work outside the UK without the
need to use our own delivery channel. We are therefore focussed on using our
understanding of traffic and congestion combined with our knowledge of specific
applications, like RDS-TMC to support customers with the data they need on a
stand alone basis.

NavTrak is performing well as a result of our focus on manufacturer customers
who include Land Rover, Bentley Motors and Ferrari/ Maserati and is now cash
flow positive on a monthly basis.

The Board are extremely satisfied with the financial performance to date and are
pleased to report that with continued strong demand for our services and greatly
reducing losses our cash balances remain strong.'


Contact:

Stuart Marks, Chief Executive, ITIS Holdings plc - 0161 929 5788
Ginny Pulbrook, Citigate Dewe Rogerson - 0207 282 2945



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

Seems a bag full of opportunity to me. Bought in today for medium term hold

I think the market might be waking up to the potential here.

Do you ever get that WAKE UP market feeling?

Results will out on 9th November. Let's hope there are more contracts on the way.

Melbourne and Sydney the next step for Estimotion and Mini are installing RDS-TMC.




ITIS Holdings PLC
09 November 2004



9th November 2004

ITIS Holdings plc (the 'Company' or 'ITIS')

Results for the six months ended 30th September 2004



ITIS Holdings plc, a leading UK road traffic information and data specialist, is
pleased to announce its results for the six months ended 30th September 2004.


Highlights


New contracts for RDS-TMC with Land Rover, Renault, Nissan and Vauxhall
Motors;


Extension of BMW Group contract for RDS-TMC to include Mini announced
today;


Estimotion acquisition has exceeded expectations with deployments in
Antwerp (Belgium), Baltimore (USA) and Scotland;


Turnover up 46% to 4.6m (2003: 3.2m);


Loss for financial period almost halved to 1.6m (2003: 3.0m), including
0.7m of costs associated with Estimotion operations and deployment;


Period end cash balance remains strong at 5.5m (6.1m at 31st March
2004);


UK business now approaching breakeven;


We are pleased to announce today that our next confirmed Estimotion
activity will be in Melbourne and Sydney (Australia) under the terms of a
new licencing agreement.



Stuart Marks, Chief Executive ITIS Holdings plc commented:



'These excellent results demonstrate that the combination of a strong order book
and vigorous cost control have enabled the company to continue to invest in new
technologies whilst retaining leadership in the provision of traffic information
services in the UK. The Estimotion technology has been very well received,
RDS-TMC goes from strength to strength and NavTrak has performed well.



Trading has remained strong throughout October and we expect the UK business to
reach breakeven during the second half of this financial year. As a result, the
board is confident that the company is well positioned for considerable growth
and profitability.'







Financial Overview


For the six month period ended 30th September 2004, turnover increased 46% to
4.6m (2003: 3.2m), which has resulted in an increase in gross profit of 1.0m
to 1.1m (2003: 0.1m). Operating costs have again been stringently controlled,
with a reduction over the six months of 0.5m to 2.7m (2003: 3.2m). The
increased revenue and continuing cost control has enabled us to reduce the
operating loss for the financial period by 47% to 1.6m (2003: 3.1m).



At 30th September 2004, the cash balance of ITIS remained strong at 5.5m
million (30th September 2003: 7.5m). Increasing revenues and the strength of
the UK business leave the Directors confident that ITIS has sufficient cash to
develop the business and to fully exploit the opportunities now being afforded
by the Estimotion technology in the UK and internationally.




Business Review



RDS-TMC



ITIS is by far the dominant RDS-TMC service provider in the UK and has been
solely responsible for developing the largest commercial service in Europe. We
currently have contracts with Bentley, BMW, Ford, Land Rover, Lexus, Nissan,
Saab, Subaru, Toyota, Vauxhall and Volkswagen and further manufacturers are
expected to sign up over the next few months. We also supply TMC to all major
aftermarket navigation manufacturers including Alpine, Clarion, Kenwood,
Panasonic, Pioneer and Siemens VDO. We recently improved our broadcasting
coverage through an agreement with Scottish Radio Holdings plc to acquire extra
bandwidth in Scotland and Northern Ireland. Our customers sell their vehicles
throughout the UK and it is important that wherever a driver uses a navigation
system TMC can be clearly received.



TMC is recognised as the only international standard for delivering traffic
information into a vehicle navigation system. Through our international
development with the Estimotion technology we now have access to potential new
markets for TMC which we may operate with local partners.



Estimotion



Since its acquisition in December 2003, Estimotion has exceeded our
expectations. Over the last six months there has been a huge business
development drive running in parallel with integrating the software development
teams in the UK and Israel. This had led to deployments in Belgium, the US and
the UK, which are expected to contribute revenues in the next financial year.
Whilst the majority of enquiries we receive are for traffic flow information,
discussions at Government level have highlighted additional applications for our
technology.



Whilst the fully operational service in Israel enables us to demonstrate the
benefits of the Estimotion technology, there is no doubt that successful
deployments in Antwerp, Baltimore and Scotland will lead to important new
contracts - especially in the US where the Maryland Department of Transport are
viewed as early adopters of new traffic collection methods.



At the Company's AGM on 14th September 2004, we stated that our preferred method
of geographic expansion for this technology was to form partnerships in local
markets. This will reduce marketing, sales and administration costs and enable
us to receive licence fees and revenue shares with minimal set up costs.



We are therefore pleased to announce today that we have reached agreement with
Traffic Intelligence Pty Ltd, to be our exclusive licensee for the Estimotion
Technology in Australia and New Zealand and, as appropriate, other markets in
Asia Pacific. Traffic Intelligence Pty Ltd is in the process of finalising a
supply agreement with a major network and expects to open up Melbourne and
Sydney next year. Traffic Intelligence Pty Ltd is also tendering for various
Government and automotive projects which require high quality traffic
information. This transaction and others underline the flexibility of the
Estimotion technology and we continue to receive serious enquiries from around
the world which we expect to lead to the deployment of this technology in
various new cities.



As a direct result of the progress made with the development of the technology,
on October 1st 2004 we paid the deferred consideration due for the Estimotion
intellectual property of US$1.5m (0.8m). Excluding running costs and general
overheads of US$75k per month, this takes our investment in Estimotion to date
to US$1.8m. Up to a further US$2.7m earn-out may be payable over the next two
years dependant upon the performance of the ITIS Group as a whole.



NavTrak



NavTrak has enjoyed a solid performance for the period and is now cash flow
positive on a monthly basis. We have seen the subscriber base growing strongly
and the product has now been successfully launched in several European countries
in association with Bentley Motors.



A landmark event was the recent decision by Ferrari SPA to fit NavTrak on the
production line at the Ferrari and Maserati factories as opposed to the original
agreement where units were fitted at Maranello Sales in the UK. This is a
prestigious achievement for NavTrak that we are confident will lead to further
business in this area.



People



As the Group reaches this exciting stage of its development the Board would like
to thank everyone in the UK and Israel for their continued hard work and
commitment. We are particularly pleased at the integration of the software
development teams in the UK and Israel and the knowledge that is now flowing
between us, enabling them to further improve our technology. The NavTrak team
have put in an outstanding performance culminating in successfully integrating
NavTrak onto the production line at Ferrari and Maserati.



Current Trading and Prospects



The Board believes that the company is now entering an exciting and high growth
period. The front end investment of the past few years and management's ability
to control costs during this period have resulted in a business that is more
than capable of becoming a leading global player in the traffic information
market. The approach of careful cost control with consistent increases in
revenues should lead to a profitable and well capitalised company.



Contact:

Stuart Marks, Chief Executive ITIS Holdings plc - 07768 454700
Ginny Pulbrook, Director Citigate Dewe Rogerson - 0207 282 2945




Consolidated profit and loss account
Note Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Group turnover 7 4,604,880 3,155,760 7,057,890
Exceptional direct costs 8 - - (362,583)
Other cost of sales (3,518,780) (3,053,778) (6,496,959)
Cost of sales (3,518,780) (3,053,778) (6,859,542)
__________ __________ __________
Gross profit 1,086,100 101,982 198,348

Exceptional operating costs 8 - - (383,790)
Other operating costs (2,730,358) (3,225,102) (6,302,153)
Operating costs (2,730,358) (3,225,102) (6,685,943)
__________ __________ __________
Operating loss (1,644,258) (3,123,120) (6,487,595)
Group interest receivable and similar income 100,404 154,913 270,902
Group interest payable and similar charges (354) (723) (1,607)
__________ __________ __________
Loss on ordinary activities before taxation 7 (1,544,208) (2,968,930) (6,218,300)
Tax on loss on ordinary activities (5,358) - 75,558
__________ __________ __________
Loss on ordinary activities after taxation (1,549,566) (2,968,930) (6,142,742)
Minority interests (4,876) - (2,308)
__________ __________ __________
Loss for the financial period (1,554,442) (2,968,930) (6,145,050)
__________ __________ __________
Basic and diluted loss per ordinary share (p) 3 (1.6) (3.0) (6.3)
__________ __________ __________



Consolidated statement of total recognised gains and losses
Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Loss for the financial period (1,554,442) (2,968,930) (6,145,050)
Currency translation difference 3,571 - 2,194
__________ __________ __________
Total recognised losses relating to the year (1,550,871) (2,968,930) (6,142,856)
__________ __________ __________







Consolidated Balance Sheet

Note 30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Fixed assets
Intangible assets 963,704 375,540 981,062
Tangible assets 413,244 750,070 414,077
__________ __________ __________
1,376,948 1,125,610 1,395,139
__________ __________ __________
Current assets
Stocks 99,752 458,416 156,914
Debtors
- due within one year 2,143,808 3,799,071 2,705,050
- due after more than one year 740,196 885,312 817,186
Cash at bank and in hand 5,464,140 7,536,292 6,046,068
__________ __________ __________
8,447,896 12,679,091 9,725,218
Creditors: Amounts falling due within one year (5,195,805) (3,997,290) (4,539,723)
__________ __________ __________
Net current assets 3,252,091 8,681,801 5,185,495
__________ __________ __________
Total assets less current liabilities 4,629,039 9,807,411 6,580,634
Creditors: Amounts falling due after more than one year (953,429) (1,242,224) (1,294,189)
Provisions for liabilities and charges (263,479) (328,319)
-
__________ __________ __________
Net assets 7 3,412,131 8,565,187 4,958,126
__________ __________ __________

Capital and reserves
Called-up share capital 5,186,286 5,186,286 5,186,286
Share premium account 37,342,877 37,342,877 37,342,877
Profit and loss account (39,124,216) (33,963,976) (37,573,345)
__________ __________ __________
Shareholders' funds 3,404,947 8,565,187 4,955,818
6
Minority Interests - equity 7,184 - 2,308
__________ __________ __________
Total capital employed 3,412,131 8,565,187 4,958,126
__________ __________ __________
Shareholders' funds may be analysed as:
Equity interests 187,079 5,347,319 1,737,950
Non-equity interests 3,217,868 3,217,868 3,217,868
__________ __________ __________
3,404,947 8,565,187 4,955,818
__________ __________ __________





Consolidated Cash Flow Statement
Note
Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Net cash outflow from operating activities 4 (576,777) (3,770,115) (4,975,838)
__________ __________ __________
Returns on investments and servicing of finance
Interest element of finance lease rental payments (354) (723) (1,607)
Interest received 100,404 140,964 275,902
__________ __________ __________
Net cash inflow from returns on investments and servicing of finance 100,050 140,241 274,295
__________ __________ __________
Taxation
Research and development tax credit 78,137 246,593 241,431
__________ __________ __________
Net cash inflow from taxation 78,137 246,593 241,431
__________ __________ __________
Capital expenditure and financial investment
Purchase of tangible fixed assets (78,193) (124,326) (293,375)
Sale of tangible fixed assets 9,200 - -
Purchase of intangible fixed assets - - (173,570)
Sale of intangible fixed assets - - 362,475
__________ __________ __________
Net cash outflow from capital expenditure (68,993) (124,326) (104,470)
__________ __________ __________
Cash outflow before financing (467,583) (3,507,607) (4,564,582)
__________ __________ __________
Financing
Purchase of own shares under Treasury Regulations - - (435,443)
Issue of shares to minorities - - 147
Capital element of finance lease rental payments (114,345) (110,046) (110,046)
__________ __________ __________
Net cash outflow from financing (114,345) (110,046) (545,342)
__________ __________ __________
Decrease in cash 5 (581,928) (3,617,653) (5,109,924)
__________ __________ __________









Notes (unaudited)



1. Accounting policies

The interim accounts have been prepared using accounting policies stated in the
Company's Report and Accounts for the year ended 31 March 2004 and have been
neither audited nor reviewed.



2. Preparation of the interim financial information

The summarised results for the six months to 30 September 2004 and the
comparative results for the half year to 30 September 2003 are non-statutory
accounts within the meaning of Section 240 of the Companies Act 1985 and have
not been reported upon by the auditors under Section 235 of the Companies Act
1985.



The comparative figures for the year ended 31 March 2004 are an abridged version
of the Company's full accounts and, together with other financial information
contained in these interim results, do not constitute statutory accounts of ITIS
Holdings PLC within the meaning of section 240 of the Companies Act 1985. The
statutory accounts for the year ended 31 March 2004 have been delivered to the
Registrar of Companies. The report of the auditors was not qualified and did not
contain a statement under Section 237 (2) and (3) of the Companies Act 1985.



3. Basic and diluted loss per ordinary share
Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Loss for the financial period (1,554,442) (2,968,930) (6,145,050)
__________ __________ __________
Weighted average number of ordinary shares in 96,243,669 98,420,884 98,218,629
issue
__________ __________ __________
Loss per ordinary share (p) (1.6) (3.0) (6.3)
__________ __________ __________



Due to losses made, there is no difference between loss per ordinary share and
diluted loss per ordinary share.



4. Reconciliation of operating loss to cash outflow from operating
activities
Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited


Operating loss (1,644,258) (3,123,120) (6,487,595)
Depreciation and amortisation of licences 145,213 207,870 372,072
Impairment losses - - 362,583
Decrease in stocks 57,162 310,449 611,951
Decrease (increase) in debtors 563,665 (1,221,604) 4,893
Increase (decrease) in creditors 366,928 56,290 (168,061)
(Decrease) increase in provisions (64,840) - 328,319
Profit on disposal of fixed assets (647) - -
__________ __________ __________
Net cash outflow from operating activities (576,777) (3,770,115) (4,975,838)
__________ __________ __________





5. Reconciliation of net cash flow to movement in net funds

Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited


Decrease in cash in the period (581,928) (3,617,653) (5,109,924)
Cash inflow from decrease in lease funding 114,345 110,046 110,046
__________ __________ __________
Change in net funds resulting from cash flows 467,583 (3,507,607) (4,999,878)
New finance lease (57,381) - -
Translation differences 3,571 - 2,047
__________ __________ __________
Change in net funds in the period (521,393) (3,507,607) (4,997,831)
Net funds brought forward 5,646,068 10,643,899 10,643,899
__________ __________ __________
Net funds carried forward 5,124,675 7,136,292 5,646,068
__________ __________ __________





6. Reconciliation of movements in Group shareholders' funds

Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited

Loss for the financial period (1,554,442) (2,968,930) (6,145,050)
Other recognised gains and losses relating to the period 3,571 - 2,194
Purchase of own shares - - (435,443)
__________ __________ __________
Net reduction in Group shareholders' funds (1,550,871) (2,968,930) (6,578,299)
Opening Group shareholders' funds 4,955,818 11,534,117
11,534,117
__________ __________ __________
Closing Group shareholders' funds 3,404,947 8,565,187 4,955,818
__________ __________ __________





7. Segmental analysis

The Directors are of the opinion that the Group operates in a single segment,
that of the provision of telematic products and services. Hence all turnover,
profits and net assets relate to this class of business.

Six months to Six months to Year ended
30 September 30 September 31 March
2004 2003 2004
Unaudited Unaudited Audited


Turnover by destination and origin
United Kingdom 4,604,880 3,155,760 7,057,890
Rest of World - - -
__________ __________ __________
Group 4,604,880 3,155,760 7,057,890
__________ __________ __________
Loss before taxation
United Kingdom (1,352,849) (2,968,930) (6,127,185)
Rest of World (191,359) - (91,115)
__________ __________ __________
Group (1,544,208) (2,968,930) (6,218,300)
__________ __________ __________
Net assets
United Kingdom 3,409,229 8,565,187 4,950,920
Rest of World 2,902 - 7,206
__________ __________ __________
Group 3,412,131 8,565,187 4,958,126
__________ __________ __________





8. Exceptional items

Exceptional direct costs in the year ended 31 March 2004 comprise a 362,583
impairment charge relating to a fixed asset no longer utilised by the Group.

Exceptional items included within administrative expenses in the year ended 31
March 2004 comprise provisions for onerous leases.



9. Interim statement

A copy of this announcement will be circulated to all registered shareholders of
the Company and copies will be available for members of the public upon
application to the Registered Office at Station House, Stamford New Road,
Altrincham, Cheshire, WA14 1EP.




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



back to top

Company Announcements takes no responsibility for the accuracy of the information within this site. The announcements are supplied by the Primary Information Provider (PIP), denoted by the announcement source. Queries of this nature should be directed to the source or PIP.
Company Announcements reserves the right to publish a filtered set of announcements. NAV announcements, Rule 8 announcements, EMM Disclosure and FRN Variable Rate Fix announcements are filtered from this site.

This is better...perhaps the market will begin to wake up to a genuinely exciting company.

Some good buys by the directors, shows confidence.

ITIS Holdings PLC
10 November 2004


ITIS HOLDINGS PLC


Directors Shareholding


The Company announces that on 9th November 2004 three Directors of the Company
purchased ordinary shares of 2p each in the company ('Shares') at a price of
23.5p per Share as set out below:

Director Shares purchased Resultant beneficial % ISC*
holding of Shares

Sir Trevor Chinn 70,000 652,240 0.68
John Hewett** 70,000 70,000 0.07
Stephen Norris 50,000 550,000 0.57


* issued share capital of ITIS - 96,243,669 Shares.
** John Hewett is the ITIS board representative of Peder Smedvig Capital AS, a
holder of 10,042,106 Shares

Contact

Andrew Forrest 0161 927 3600
Finance Director




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

Watch out for TFC they appear to be nicking the initiative - see press report