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

have just received an e-mail from Quiktrak that answers my question above it reads as follows -

"Indeed, we were pursuing this application for QuikTrak with some
success"
- see the attached PR from March of this year.

To bring you fully up-to-date, please also see our latest PR which
advises of change in strategy.


things may start to look up soon, as Blair's campaign gets more press and if QTR can manage to get a slice of the action

Thanks for that Tokyo. With regards to their new strategy it is mentioned in some of my posts (before last week).

been looking but can't find any recent news for QTR, anyone seen anything?

Hi Tokyo...the results which were announced were up to the period 31 December 2003. Much more good news has been released this year starting from January 2004 which can be found on their website at :

http://www.quiktrak.co.uk/

Thanks Sue Helen - I saw those contracts, etc, before I decided to jump into this stock, but when did they adopt their new business plan, was it from the beginning of this year or only recently?
Will these contracts really boost their results in december, if they hadn't implimented the new plan until recently?

We really need some more rns news to push this stock price up and into a decent trading spread, as I feel the huge spread keeps most investors away

Tokyo - As you are suggesting, I think it is fair to assume that QTR carried on making considerable losses for a few months after the December year end.

As there is no publically available information on the size of the new contracts and with the company's history of hyped self-publicity, it is probably wise to guess that they don't amount to that much.
They will still have significant ongoing costs IMO and placing cash doesn't even cover short term creditors from the last results.

The crux here is surely the lack of a commercially viable network.
I can't imagine for one minute that QTR will win a prisoner tagging contract, as suggested earlier here.
I can imagine their tender: "Yes, we can accurately track your prisoners, as long as they stay within our reduced limited M25 network".
Marvellous!!

Unless, QTR can talk a venture partner into making a huge investment in a countrywide network, I can't really see much commercial future for the product.

Rgds
dell

they don't need a contract, as they supply the tagging machines to the company that already hold the contracts for 72% of the U.K., as stated in the march 15th contract news on their website

Supplying a few tags won't turn the company round , be better off trying to get the CEO to take a 90% pay cut and enrol himself on a management course , imo.

It is alive!

;-)))

Good thinking Dil!
d. :)

Hi Tokyo, their new strategy came into the public domain a week or two before the results were released.

Well the spread is getting smaller, which is better, but it's moving the wrong way. think this may have turned into a long term hold

or maybe a sell?

The trade reported just now of 173,913 shares at 1.73 pence is a buy reported as delayed from an hour ago.

Hello all, can anyone help me please? by answering a couple of questions, I have 500 to invest, is QTR a good investment? if so at what price should I buy? and what price should I sell? if they do move up, also is this share a short/Med or long term investment? thanking you for any help you may be able to give me.

Bust by xmas , imo.

Montana Blue

I think everyone here thinks/knows this is a high risk company - even those that have invested in it. If you have a small amount I don't think anyone would recommend it.

I'd suggest you find one of the larger, more liquid stocks to put your cash in. Put it into QTR and you must understand that such small companies can go bust and you will lose your investment. From that point of view it is not a "good" investment IMO.

Al
;-)

Sorry Montana unlike Al I don't give investment advice :-)

.... but if one of my kids asked me if they should stick 500 in this lot or give it to Dick Turpin to mind then I would suggest the latter as being a less risky option.

Dil
Why so bullish about this one, its a heap of crap, bust by bonfire night imo.

p.s HTG... fill yer boots