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

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.

Lol , write it as it is written.

Who was the third party ?

468,000 pounds (Directors Emoluments). Emoluments means fees, salary. Directors plural as well.

Yes no arguments there.

Now who had 396K of it ?

Exactly we don't know Dil, but you thought it was just one director's pay and started doing calculations which was totally baffling.

I managed to get the list of substantial holdings anyway from the accounts which I have posted and is quite impressive.

We do know , it clearly states where it went in the accounts and I'll post it here later for you.

And of that 396k how much did he buy in the placing ?

The directors and chairman's purchases totalled about 200,000 pounds in the fundraising equivalent of 13 million shares. The chairman had interest of 9.2 million shares at 12 pence as well.

6. Direcors' emoluments (extract)


"Highest paid director (included in above) 396,000"



Now read in conjuction with 22 not 21 as I previously posted.

Well the rest of that was :

Directors fees 69,000
"Amounts paid to third party for the provision of services 396,000"
Totals 468,000.

"Amounts paid to third party for the provision of services 396,000"

As it says the above as well, a third party must have carried out some work for them.

lol , what you scared of Sue ?

Anyone care to go take a look and see who is being evasive ?

Quiktrak

Hope you get your spike Sue but looks like a can of worms to me.

And do you agree the third party was the chairman ?

On the contrary it seems your interest has increased in these. Its a case of who will have the last laugh now I suppose.

I don't agree that it was the chairman and I don't care. I have done my research as outlined in posts and I am very happy with my position. I did increase my stake yesterday as well. What I was hoping was for all the bad news out of the way which has happened, the fundraising overhang to clear which has happened, the directors buying more shares which has happened 3 million and 2 million trades, and know I will wait for the recovery to happen.

Thanks to you I found the substantial holdings register in the annual accounts which has provided further encouragement.

Its now a case of if you want to look at the past or the future. I am looking at the future and you're looking at the past.

Besides the chairman the others lobbed in 10k each maximum .

You are now in denial , note 6 and 22 are clear and I now believe you are misleading people.

The company looks like a one man band who appears to be doing a lot better out of it than the other shareholders.

It is also of note that none of the other major shareholders increased their stakes.

Now you're just banting on.