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

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

Hello

Regards,
Dick Turpin

;-)

Evening Dick :-)

Dai , just buy the whole sector ... easier.

But hey guys, Just look at the potential.

Indeed!

;-)

Who's potential .... Dai or Dicks ???

:-)

DIL-this chris kyriakou sure gets around he's following goldfinger now!

Cheers pat ... I can't believe its the same guy and if it is how the hell he gets away with it.

Just took a quick look and TCU look like another dodgy outfit imo.

Dil,

I see some of the MMD fan club are grouping over at the TCU thread!

I have read the prospectus, and decided not to invest in TCU.

I agree it looks dodgy, and production is years away, if it starts at all.

Some rather large buys reported just now, 250,000 buy at 1.90 pence, 350,000 buy at 2.00 pence. These are large buys in terms of what normally goes through in QTR.

finally someone talking about the stock!!!!!!!!!!!! (instead of the deramping of the previous posts), lets try & keep it about the stock here people, negative views on the stock are welcome, if backed up!!!! not the mindless bandwagon deramping I've seen on this post in the past.

p.s. nice to see you posting again Sue Helen

sue helen - thats 5k and 7k. U got some big players there!

And a rather larger sell Sue Helen at 1.5p .... 750k !!!!
Going bust imo.