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 Sue

Regarding your earlier comments about the same thing every day, I have posted 3 times on this thread from the 2nd of July, which I hardly feel is excessive. So stop being so defensive as it does you no credit and dilutes your argument.

With regard to stop losses, I believe that this has the potential of totally wiping out any prospective investment, and therefore feel a stop loss is imperative here if you dont usually use one.

I have always believed that a good investor sets his maximum losses before entering into any investment and sticks to it relentlessly to avoid getting badly burned. That way you live to fight another day, only lose small and hopefully make big. Im sure you would agree that that any strategy which removes emotion from the decision is a sound one.

As I mentioned earlier, I have nothing to gain from a move either way as I do not hold these at the moment and, as is often said, sometimes no position is a good position. Therefore, I cannot be accused of ramping or deramping as it would be pointless.

I have followed this thread whilst doing my research and have found no reason to buy it. Therefore, as realism seems to be frowned upon on this thread unless it states that everything is rosy in the garden, I will leave you all to get on in peace with one final reminder.

Set your stop losses people!!!

Seriously, I hope this turns out well for all who hold.

Regards.

Mark.

Yawn, this has got so repetitive mark now, and your stop loss warning again 3 hours after the last one.

Sue - I urge you to read the Annual report of the original Australian parent company.
It is amusing to read that one reason given for a reduction in the company's losses, was that they distributed all their shares in the UK company to their shareholders.
Following on from dil's observations about director pay, it's also interesting to note that Chris K was paid approximately 95k last year and apparently 280k the previous year. In addition to this, there are also considerable payments for services to Investika (a company that Chris K is a director of).

I note that the results were qualified by auditors on 31 March 2004. They noted inherent uncertainty in the company's ability to continue as a going concern. By 14th May, the company was in admininstration.

Rgds
dell

*please note monetary figures quoted are originally in $Aus and I have made a rough conversion to sterling.

This has to be one of the most speculative plays I have ever seen recommended on a posting. Before the recent placing the company was technically insolvent and post the placing any shareholder in the company faces massive dilution.

I don't think you need any analysis on this company you just buy small parcels of ten similar companies and hope that a majority don't go bust. Then overall you may see some upside. The placing only raised a small amount so you had better hope the management can perform wonders with that.

Best of luck Sue Helen.

At last some sense.

Announced on their website today; they have interests in Korea as well.

> QuikTrak Korea website is now active < http://www.quiktrak.co.kr/

Other HOT QuikTrak News

Web Location Finder

The QuikTrak Web Location Finder (WLF) is one of the first real-time tracking systems available using only your own internet browser and no other software at all. This gives you a wide variety of possibilities. No problems with installation - the system is always at your fingertips. Wherever you are in the world you can always login and track your assets.
The system was developed because of the huge demand from the market for a reliable and proven technology system. The QuikTrak system has been operational for many years in many countries and is well known for its reliability and the fact that its virtually impossible to jam. It does not rely on any third party system making it a secure application.

Hi Sue, I tried to view the news on KR but I cant see it on their website, went to news but not mention. maybe u could guid me. Soz and thanks

Hi Xmortal, my previous post was referring to the website which is active now for QuikTrak Korea. Hence they have interests in Korea as well which I was not aware of before.

xmortal - 14 Jul'04 - 13:23 - 173 of 174

Hi Sue, I tried to view the news on KR but I cant see it on their website, went to news but not mention. maybe u could guid me. Soz and thanks

Xmortal - I'm intrigued as to how you found the news area of that site, unless you read Korean.
Incidentally, I've noticed that you and Sue seem to post on all the same threads, yet neither of you appears to have posted anywhere this morning. Do you have some kind of relationship with each other?

Rgds
dell

Maybe they should use one of those tracking devices on the shareholders funds.

Isn't it more likely that the Korea project has more to do with the Australian parent company these were spun off from ?

message seen.

Dell314.... Well you are so good at your research. Thats for u to find out if Sue and I are connected!

What research , its a ramp isn't it ?

Dil, now you're trying to avoid the good bits, and use them in a different permutations. You are getting very boring Dil!

Hi Graeme, I'll do so in the evening.

So is the Korea thing part of the UK op or the Aussie parent co ?

Simple enough question.

Uk operation, it is off the UK website, announced today. This adds to their interests in USSR, Middle East and Dubai as well as in the Netherlands.

I suggest you look at their RNS's since January and see how the developments have been made abroad.

Dil - 14 Jul'04 - 15:08 - 181 of 188

So is the Korea thing part of the UK op or the Aussie parent co ?

Simple enough question.


SueHelen - 14 Jul'04 - 15:11 - 182 of 188

Uk operation, it is off the UK website, announced today.


Sue - could you provide a link to any RNS suggesting that the Korean venture is spun off from the UK operation, as this announcement of 6th Feb 2004 clearly states that the licencing agreements are with the Australian parent company:

http://www.quiktrak.com.au/download/20040206.pdf


QuikTrak Networks Ltd
ABN 44 008 718 867 Suite 107, 109 Pitt Street, Sydney NSW 2000 Australia Tel: +61 2 9233 8011 Fax: +61 2 9233 1349

Email: corpinfo@quiktrak.com.au

6 February 2004

Company Announcements The Australian Stock Exchange Ltd.

Dear Sir
Re: Korea Licence and Supply Agreement QuikTrak Networks Ltd (QNL) has signed a revised Licence and Supply Agreement with Korean company Vision Plant Incorporated (VPI), conditional on the grant of a spectrum licence from the Korean Ministry of Information and Communications (MIC).
VPI is pursuing spectrum to operate the QuikTrak location system throughout Korea. VPI completed planning for a nationwide QuikTrak network in fourth quarter of last year and wishes to commence roll-out in the first half of 2005. In January 2004, the MIC called for submissions for spectrum use in the frequency band of 376.5-380 MHz for mobile telecomm services, including location-based services.
The spectrum plan will be announced by the MIC in March, with the licence assignment to be announced by the end of June 2004. The Licence and Supply Agreement is for exclusive exploitation of the QuikTrak technology in Korea and for the provision of network equipment.
QNL will supply first stage hardware and software designed in Adelaide at its research and development centre, QuikTrak Technologies Developments Pty Ltd. In conjunction with the Licence and Supply Agreement, QNL has entered into marketing agreements with VPI, covering the Asian region.
Yours faithfully
QUIKTRAK NETWORKS LTD.

J B MAGUIRE COMPANY SECRETARY

Rgds
dell

Lol , missed this site did you Sue ????

http://www.quiktrak.com.au

Its a must visit site !!!

Parent company bust then Sue ?

Now fleecing UK investors?

DO YOUR OWN RESEARCH

http://www.quiktrak.com.au