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QuikTrak - Radiolocation & Messaging System.....Price has reached the Bottom. (QTR)     

SueHelen - 29 Jun 2004 18:08

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

graph.php?startDate=29%2F06%2F04&period=graph.php?scheme=Colourful&enableBollinggraph.php?scheme=Colourful&enableBollinggraph.php?scheme=Mono&modeMA=Simple&star

snakey - 14 Jul 2004 19:37 - 198 of 702

dil, congratulations. your intense antagonism towards this share in general and towards suehelen in particular has qualified you for my squelch list, as I am terribly bored with your manner. try going out a bit and socialising properly.
goodbye

Dil - 14 Jul 2004 19:46 - 199 of 702

Which part didn't you like .... the truth ?

Guess who the highest paid director in the parent company (now in administration) is ?

Big Al - 14 Jul 2004 20:04 - 200 of 702

SueHelen

I notice you are using candlesticks a lot. I use them as my main method of plotting price. If you wish to learn more please read Nison's book "Japanese Candlestick Charting Techniques".

The "shooting stars" to which you refer are actually gravestone dojis and are normally used to call tops, not bottoms (as are shooting stars for that matter - similar principle).

There is a great sentence in Nison's book - "In Japanese candlestick literature it is said that the gravestone doji represents the gravestone of the bulls that have died defending their territory".

BTW, all the above for info. Personally, in such a infrequently traded stock, candles really mean very little IMO.

Al

PS - if you've never read the book, try to get a copy. Really good TA stuff.

Gausie - 14 Jul 2004 20:15 - 201 of 702

To paraphtase Nison further

Making money long in quicktrak is like trying to lean a ladder against the clouds.

Dil - 14 Jul 2004 20:24 - 202 of 702

Sue can't read a simple company report Al so how the eck do you expect her to read a big thick book.

Nice call Monday Gausie , pure luck I guess , lol :-)

Big Al - 14 Jul 2004 20:28 - 203 of 702

It is Nison, not Murphy Dil!

LOL!

Mr Euro - 14 Jul 2004 22:20 - 204 of 702

What a pile of crap. Specultion yes but come on Sue the only thing you graduated at was ramping. Far from a first but your comments on this thread and lack of response to questions makes you look foolish to say the least.

markp - 14 Jul 2004 23:27 - 205 of 702

Hi Sue

Im absolutely staggered by the events of the past 24 hours.

We seem to have had a Korean element which wasnt, a 67% spread which was really 40%, but was 25% when you looked at it closely and a shooting star which meant that this time next week Rodney, well all be millionaires.

Its time to get real Sue and accept that this is as big a pile of crap as Dil, scripto, BigAl, PeterG, dell, Gausie, Mr Euro and others have been telling you for some time. I just cant understand why you keep pushing itor maybe I can!!!!.

Regards.

Mark.

SueHelen - 14 Jul 2004 23:52 - 206 of 702

I am only posting information that I find, I can't believe what you guys are getting so worked up about. Are you sure you guys are not bitter holders from the 40 pence levels? Keep the ranting if you like, you couldn't resist having a swipe could you even though you mentioned last night that it was suppose to be your last post on here yesterday.

BigAl has already made a fool of himself when he was shouting from the roof tops that the price had fallen 27% in one day when the actual movement was the bid price going to 1.50 from 2.00 pence.

Well the price is practically at the same level when this thread was started. You could have switched in to watch Jaws 3 today but I can't understand why you didn't put your telly on and instead chose to lambast QTR with the same comments.

Happy trading!


dell314 - 15 Jul 2004 07:43 - 207 of 702

BigAl has already made a fool of himself when he was shouting from the roof tops that the price had fallen 27% in one day when the actual movement was the bid price going to 1.50 from 2.00 pence.

Sue - you are looking more and more ridiculous. Whatever midprice figure changes there were on any day, a bid drop of 2p to 1.5p means you can sell your holding for 25% less than you could at 2p.
It also means that assuming you bought at 2.8p, your loss has increased from 30% to 54%. Mathematically, you could say that your loss had increased by 80%!

If you think that is good performance, then so be it, but splitting hairs about how you'd like to present the numbers is a pointless distraction and frankly, quite ludicrous.

Rgds
dell

P.S. Nice to see you've been editing your header to bring the trade size for delayed reporting closer to the genuine figure.
It's actually 18000, so you're getting close now!

SueHelen - 15 Jul 2004 08:23 - 208 of 702

Another permutation by dell314 so early in the morning, I will leave you to it while you and Dil now write the same messages on the QTR thread on ADVFN. Yes pointless which have started by taking one permutation then when you knew you were wrong going onto another one. You have misquoted my post again dell314, that fall was 10% which I mentioned and an individual was mentioning 27% and its so plain to see that you are putting a different angle to it using all the different assumptions.

Dil - 15 Jul 2004 08:40 - 209 of 702

You defy belief Sue !

Big Al - 15 Jul 2004 09:04 - 210 of 702

SueHelen - not worth answering your jibe, but if you start threads on stocks, expect opinions from others.

Also expect opinions opposite to your own. There's an awful lot more bear points than bull points on this one.

It's OK to be wrong you know.

Tokyo - 17 Jul 2004 07:04 - 211 of 702

looking to hold these for at least 6 months, then we will see, what new contracts get realised and how their new business plan is flaring

good luck to all qtr holders

dipys100 - 19 Jul 2004 10:19 - 212 of 702

Hi all, I don't normally post much, but it looks like there is a lot of bitterness shown towards any post SueHelen puts up. It appears that you like myself have lost on shares previously brought to everyone's attention by SueHelen. BUT you cannot blame him/her for your losses. As always pointed out DYOR & make up your own mind. By all means share any negative thoughts you have on the post & leave it that for people to read & make up their mind whether to follow it up or not. As for me I think this person does bring a lot of information to the posts whether its all hers/his or not. There seems to be a lot of talk of ramping, I am only a novice at this, but can one person really make a difference??

xmortal - 19 Jul 2004 10:51 - 213 of 702

Hi QTR holders,

I just checked the real spread, it is 1.50 - 2.12

SueHelen - 19 Jul 2004 22:23 - 214 of 702

The Upper Bollinger Band has stopped coming down and has starting levelling off now which is good.

graph.php?enableBollinger=true&startDate

Best - Charts :

2 Buy Signals
0 Sell Signals

11 Bullish Indicators
0 Bearish Indicators.

SueHelen - 19 Jul 2004 22:28 - 215 of 702

Re : Size of trades that are delayed in reporting by 1 hour has increased to 25,000 now today I believe. Three weeks ago it was 10,000 shares and now it has increased to 25,000 shares in that trades over 25,000 shares are delayed in reporting by 1 hour. I believe the normal market size increased to 25,000 today as the first trade for approx. 23,000 shares was reported straightaway at a time of around 8.10am. This is good.

SueHelen - 19 Jul 2004 22:38 - 216 of 702

Re : results that were released a couple of weeks ago which were bad but were priced in. Some pointers :

The results were for the period ending 31 December 2003 (important to note). Most of the good contracts have come this year outlined below ;

RNS Number:7600U
QuikTrak Networks PLC
29 January 2004



29 January 2004



QUIKTRAK SECURES MAJOR ORDER FROM ADDISON LEE

QuikTrak Networks plc (Ticker "QTR"), the secure tracking and data messaging
network operator, announces a private placement on the 28th January whereby the
Company raised #1.5 M through placing 12.5 million new ordinary 1p shares at 12p
per share. The total number of shares in issue is now 59,639,727. Of this
amount, #198,000 was subscribed by the Directors of the Company.

In addition, QuikTrak announces that Addison Lee, London's largest courier
service, has placed a significant order for 800 tracking units.

Specifically, the order is for the QT6050, a covert, secure and reliable
tracking device for use in cars and vans. The QuikTrak technology will be used
to locate and track Addison Lee vehicles. Using the QuikTrak network, the
company will be able to constantly pinpoint the location of its vehicles and
allocate jobs more efficiently.



Chris Kyriakou, CEO of QuikTrak commented:

"Following successful trials of our technology by Addison Lee, I am very pleased
to announce this order, which has been agreed for an initial period of five
years. This is the beginning of a partnership which will enable us to grow our
respective businesses together, both technically and commercially. The
technology will allow Addison Lee to track all vehicles simultaneously, and, as
part of the long-term commitment, all future Addison Lee vehicles will be fitted
with the QuikTrak system."


John Griffin, Chairman of Addison Lee added:

"Addison Lee is the market leader in moving people and parcels in London. We are
delighted to be the first company in our sector in the UK formally to adopt
QuikTrak, using their dedicated spread-spectrum radio network to locate and
handle communications. This enables us to keep track of our vehicles at all
times and retrace data. To date, any other tracking solution we have assessed
has proved just too expensive, without the performance. We have been able to
implement QuikTrak at a fraction of the cost."

- ends -
RNS Number:6331V
QuikTrak Networks PLC
20 February 2004


20 February 2004


RELIANCE TO ADOPT QUIKTRAK TECHNOLOGY FOR MASS MONITORING SOLUTIONS

Reliance Monitoring Services to use QuikTrak technology to monitor and locate
assets and people quickly and accurately wherever they are - in or outdoors

London, 20 February 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that Reliance
Monitoring Services, a leading provider of electronic protection and monitoring
services, has selected QuikTrak as a network technology partner for monitoring
high value assets, goods movement and people.

QuikTrak will be used in applications such as providing operational support to
remote workers functioning in sensitive or hazardous environments, through the
use of the QuikTrak Personal Transponder. The device has a panic button which,
when activated, relays an alarm silently to the monitoring facility, displaying
the exact location of the unit.

In addition, the unit carried by the worker has a two-way confirmed short
message capability that enables reliable and inexpensive communication. The
monitoring service is also able to instantly identify the nearest colleague or
resource required to support the worker and can maintain a record of the
worker's total activity whilst on duty.

Another application for the same technology is monitoring the movement of
people, goods and resources, particularly in locations where satellite and
communication technologies can interfere with the core business operations such
as air traffic control at airports.

Tom Riall, Managing Director, Reliance said, "The QuikTrak technology will
enable us to take a huge step in being able to provide a complete solution to
mass transit operations, particularly when used in conjunction with our newly
developed biometric solutions. Unlike other technologies that have to stay
within range of a base station or within line of sight of a satellite, the
QuikTrak network can accurately manage multiple subject location wherever they
are, at any time."

Chris Kyriakou, CEO of QuikTrak Networks plc commented, "For the first time in
the UK, Reliance will be able to exactly locate high value assets, goods in
transit or remote workers, from its monitoring centre, irrespective of
geography, in seconds." He continued, "We are delighted that Reliance has
selected us as a partner going forward."

- ends -

RNS Number:5245W
QuikTrak Networks PLC
15 March 2004


QuikTrak Networks plc

("QuikTrak" or "The Company")

QUIKTRAK APPOINTS REGENT ASSOCIATES

London, 15 March 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that its has
appointed Regent Associates, a corporate finance company specialising in the
technology sector, to secure a strategic partner for QuikTrak to roll-out of the
network across the rest of the UK.


The appointment follows the considerable demand from the marketplace to extend
QuikTrak's secure and reliable tracking technology nationally. The intention is
to achieve coverage for 90% of the UK population and to launch a network in the
Netherlands - where a spectrum licence is already held - to take advantage of
signed contracts with the Dutch police, amongst others.


Phase I of the QuikTrak network was launched in September 2003 and covers the
Greater London and M25 area. Since the launch the Company has secured a number
of important contracts and commercial partnerships with companies such as
Addison Lee, Reliance Monitoring Services, Premier Geografix and Motrak (UK)
Limited and organisations such as the Metropolitan Police and the Elmbridge
Housing Trust.



Chris Kyriakou, CEO of QuikTrak Networks plc commented: "The demand for the
QuikTrak technology and its diverse applications is proven. What is essential
now is to roll-out the network as quickly as possible to cover a larger
geographic area in order to fulfil the demand from the market for a nationwide
secure and reliable national tracking and data messaging network. We are
confident of securing the right partner within a very short period of time."



- ends -
RNS Number:6147W
QuikTrak Networks PLC
17 March 2004


QuikTrak sign deal with Premier Geografix
to develop criminal justice tagging device

London, 17 March 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that Premier
Geografix Limited ("PGL"), a leading provider of electronic monitoring
technology, will undertake a development programme for a custodial monitoring
application using the QuikTrak technology. The partnership will develop a new
device that will enhance the way curfewees are monitored within the community.

Curfew orders are enforced using electronic monitoring technology and allow
prisoners serving between three monthsand four years to be eligible to spend
the last part of their custodial sentence on a home detention curfew (HDC),
subject to a risk assessment.

Curfewees are tagged with a monitoring device, generally attached around their
ankle, for between twoweeks and two months depending upon the length of their
sentence and monitored for a duration of at least nine hours a day. Over 16,000
prisoners were placed on HDC during the first year of tagging operations in
1999.

It is expected the resulting technology from the QuikTrak/Premier venture will
be applied across a variety of applications, including tagging existing
curfewees, those on bail, as well as an alternative to custodial sentences,
particularly where young people are concerned.


Chris Kyriakou, CEO of QuikTrak Networks plc commented:

"This is another example of the diversity of the QuikTrak technology and the
potential for commercial applications. Premier Geografix is a key player in the
custodial monitoring market witha successful track record in Home Office
electronic monitoring contracts. This is a potentially large market as the Home
Office seeks to further develop its tagging applications."


- ends -


RNS Number:6147W
QuikTrak Networks PLC
17 March 2004


QuikTrak sign deal with Premier Geografix
to develop criminal justice tagging device

London, 17 March 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that Premier
Geografix Limited ("PGL"), a leading provider of electronic monitoring
technology, will undertake a development programme for a custodial monitoring
application using the QuikTrak technology. The partnership will develop a new
device that will enhance the way curfewees are monitored within the community.

Curfew orders are enforced using electronic monitoring technology and allow
prisoners serving between three monthsand four years to be eligible to spend
the last part of their custodial sentence on a home detention curfew (HDC),
subject to a risk assessment.

Curfewees are tagged with a monitoring device, generally attached around their
ankle, for between twoweeks and two months depending upon the length of their
sentence and monitored for a duration of at least nine hours a day. Over 16,000
prisoners were placed on HDC during the first year of tagging operations in
1999.

It is expected the resulting technology from the QuikTrak/Premier venture will
be applied across a variety of applications, including tagging existing
curfewees, those on bail, as well as an alternative to custodial sentences,
particularly where young people are concerned.


Chris Kyriakou, CEO of QuikTrak Networks plc commented:

"This is another example of the diversity of the QuikTrak technology and the
potential for commercial applications. Premier Geografix is a key player in the
custodial monitoring market witha successful track record in Home Office
electronic monitoring contracts. This is a potentially large market as the Home
Office seeks to further develop its tagging applications."


- ends -


RNS Number:6147W
QuikTrak Networks PLC
17 March 2004


QuikTrak sign deal with Premier Geografix
to develop criminal justice tagging device

London, 17 March 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that Premier
Geografix Limited ("PGL"), a leading provider of electronic monitoring
technology, will undertake a development programme for a custodial monitoring
application using the QuikTrak technology. The partnership will develop a new
device that will enhance the way curfewees are monitored within the community.

Curfew orders are enforced using electronic monitoring technology and allow
prisoners serving between three monthsand four years to be eligible to spend
the last part of their custodial sentence on a home detention curfew (HDC),
subject to a risk assessment.

Curfewees are tagged with a monitoring device, generally attached around their
ankle, for between twoweeks and two months depending upon the length of their
sentence and monitored for a duration of at least nine hours a day. Over 16,000
prisoners were placed on HDC during the first year of tagging operations in
1999.

It is expected the resulting technology from the QuikTrak/Premier venture will
be applied across a variety of applications, including tagging existing
curfewees, those on bail, as well as an alternative to custodial sentences,
particularly where young people are concerned.


Chris Kyriakou, CEO of QuikTrak Networks plc commented:

"This is another example of the diversity of the QuikTrak technology and the
potential for commercial applications. Premier Geografix is a key player in the
custodial monitoring market witha successful track record in Home Office
electronic monitoring contracts. This is a potentially large market as the Home
Office seeks to further develop its tagging applications."


- ends -


RNS Number:7190X
QuikTrak Networks PLC
19 April 2004


QuikTrak Tracking Technology - Fighting Terrorism


London, 19 April 2004 - QuikTrak Networks plc (AIM: "QTR"), the secure tracking
and data messaging network operator is playing a part in the ongoing fight
against terrorism through its technology partner Sonic Communications (Int) Ltd
and its development of the QT Aegis, a small portable tracking device.



The QT Aegis is part of a wide range of products specifically designed for
emergency service agencies, armed forces and crime intelligence agencies
worldwide. The QT Aegis is fitted with a personal duress button that can be worn
on a belt or carried in a pocket. Sonic is a leader in specialist audio and
video communications technology and works closely with the UK's police forces
providing custom-built leading edge solutions and equipment, helping to make
them one of the safest and most efficient forces in Europe.



David Bryan, Managing Director, of Sonic Communications commented,

"Few countries in the world have not suffered from terrorist violence over the
past three decades. Domestic and international terrorism is now at the top of
the agenda for most nations. The QuikTrak technology greatly assists police
forces and intelligence agencies to prevent and combat threats to personal
safety. Tracking for protection is the only way to ensure the safety of those
who put their lives at risk for the public, whether it be police, military or
humanitarian effort. We are very excited to be able to add this product to the
range for our existing clients."



Guido van Alphen, COO of QuikTrak added,

"For every employer, there is a duty of care and it is perhaps fitting that the
police and armed forces are the first to implement such a device for protection
and monitoring of their personnel. In Australia, the police have been using the
technology for more than seven years for VIP, royal and police protection, as
well as in crime scenarios. The most famous case was that of the serial killer,
John Glover, who was eventually arrested by police who used a QuikTrak device
covertly installed within his vehicle. We fully expect that as we extend the
coverage area of the network across the country, many other police forces will
want to use our technology in a multitude of ways."



QuikTrak uses advanced spread-spectrum radio technology and is not reliant on
any third party. This means it can provide low cost, highly secure tracking and
data communication for its users via a small portable transponder fitted into a
case of any size.



- ends -
RNS Number:1382A
QuikTrak Networks PLC
25 June 2004


UPDATE ON ACTIVITIES IN THE UAE AND KUWAIT
PLACING OF NEW ORDINARY SHARES

London, 25 June 2004 - Further to QuikTrak Networks plc's announcement on 17
June 2004, the Company is continuing to progress its strategy aimed at securing
licence agreements with QuikTrak Network prospective operators in its territory
(comprising Europe, the Middle East and countries of the former USSR).

The Company has been in ongoing commercial negotiations in the UAE over the past
eight months which have now led to an agreement with a major corporation based
in Abu Dhabi for the potential deployment of a QuikTrak Network in the region,
through a Technology Licence.

This process will initially involve the establishment of a local network
operating company by our UAE partner, the application by them for grant of a
Spectrum Licence for the region and preparation of the business plan to include
propagation studies to establish the number of base stations required for the
planned coverage area. It is expected that the Company will be contracted to
assist in these tasks. A third party will be contracted by the UAE partner to
provide roll-out services, whilst the Company expects to generate ongoing
revenue through its licence model and from the provision of technology support
services.

In addition to the UAE opportunity, the Company has entered into a Memorandum of
Understanding with a Kuwait based investment company, which has led to the
lodging by them of an application for a Spectrum Licence for that region. Both
parties expect the licence to be granted within one year, during which time the
parties will continue to negotiate terms for the Technology Licence.

Both opportunities demonstrate the market demand for QuikTrak's secure tracking
technology in the area of security related applications and the potential of the
revised strategy recently adopted by the Company.

SueHelen - 19 Jul 2004 22:42 - 217 of 702

Re : all the comments posted last week about the so called parent company in Australia being in administration. It does not affect us (see below), In April 2003, the company demerged from QuikTrak Networks Ltd of Australia and
acquired the full intellectual property rights for the QuikTrak Technology for
Europe, the Middle East and the countries of the former USSR (the "Territory").
It also acquired the radiocommunications licence to operate QuikTrak in the
Netherlands.


RNS Number:3031A
QuikTrak Networks PLC
30 June 2004


QUIKTRAK NETWORKS PLC

RESULTS FOR THE YEAR ENDED 31 DECEMBER 2003

CHAIRMAN'S STATEMENT


The two years since the incorporation of the company has been a period of
extreme contrasts and overall has been a time of difficulty.

The company was formed for the purpose of commercialising QuikTrak's unique
secure tracking technology in the UK and elsewhere. On formation, the company:

* secured the UK licence for the QuikTrak Technology from QuikTrak Networks
Ltd of Australia, which at the time was the company's parent.
* acquired the UK radiocommunications licence to operate QuikTrak in the UK
and then established a network within and around the M25 (the
"M25 Network").

In April 2003, the company demerged from QuikTrak Networks Ltd of Australia and
acquired the full intellectual property rights for the QuikTrak Technology for
Europe, the Middle East and the countries of the former USSR (the "Territory").
It also acquired the radiocommunications licence to operate QuikTrak in the
Netherlands.

Shortly after formation, the company's securities were admitted for trading on
OFEX and in August 2003, the company's securities were admitted for trading on
the London Stock Exchange's Alternative Investments Market (AIM).

THE COMPANY DEMERGED FROM QUIKTRAK NETWORKS LTD OF AUSTRALIA IN APRIL 2003. THE COMPANY HAS GOT THE FULL INTELLECTUAL PROPERTY RIGHTS.

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