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

Tokyo , you from the same planet as Sue Helen ?

Which part of my posts would you like backed up ?

The bit about the CEO paying himself more than the company turnover ?

The bit about the CEO doing the same to the Australian parent company ?

The bit about the parent company going into administration ?

The bit showing that Sue's "research" re the Korean site was total rubbish ?

Get real !

To compensate for the the 750K sell, a buy for 567,906 shares has just come through at 1.75 pence.

SueHelen - is this an all time low for the shareprice?

How much lower do you think it can go?

Is the market trying to tell u something?

SueHelen, your reading of TA is like nothing I have ever seen. Do you run courses or private 1-2-1 sessions?

Please email me at Coach@Goldlinesystems.com - thinking of incorporating your style into my system.

Many thnaks and good luck.

I use a similar style to Sue's when betting on rugby matches its called "the blinding faith over stark reality " system.

Works about once every 10 years or so :-)

I heard the marketmakers have just been treeshaking (whatever that is?) and were short of stock, been told to "fill my boots"
Its very oversold and will be 15p by Xmas apparantly.
Been looking at the chart myself and the descending support is a bullish sign i think. The trend is down, but someone bought some, what do they know?... ;-)
NAG DYOR MFI
d.

And Dai , what everyone seems to be missing is the downside is less than 2p maximum I reckon while the upside is limitless !!!

Dil
I dunno, only post on this thread so i can practice my scrolling down so as to avoid the long initial post.

Tokyo

I think Dil has a point on the negatives here and they are valid. Not sure how you could accuse him of not doing the research

Al (aka Dick)
;-)

The offer price has moved down from 2.10 pence to buy to 1.75 pence to buy now and not from 3 pence as some would like to suggest. In addition, 3 out of the 4 market makers are on the bid (level 2) at 1.50 pence hence the bid price has stil not fallen with all this so called bust scenario's being thrown about and unlikely to do so until all three of the market makers move down with their quotes. The same three market makers are ready with 3.50 pence on the offer (level 2) but EVO who is the other market maker who received stock from City Equities seems have some stock to shift and have bought the offer price down to 1.75 pence to buy from 2.10 pence to buy. EVO is the only MM on the offer at 1.75 pence. EVO received the stock at 1.52 pence so logically they wouldn't start selling it below this price, would they. Otherwise, they would be selling at a loss. Hmm, market makers selling stock at a loss, has that ever happened???

SueHelen - price likely to be depressed for some time if they had to take a lot of stock, which is possible.

I think MM's do make a loss sometimes despite their built-in advantage! ;-))

5-6 million shares I believe EVO has to shift, EVO received about 11 million shares two weeks ago from City Equities who's clients bought the rest(about 20 million shares at 2.50 pence).

Errrr Sue , the bid price has fallen from 2p to 1.5p since this thread started so thats a 25% fall without including the buy spread , lets be very kind and say 5% and we have a 30% loss so far.

Also if City Equities can get shot of the majority of the stock they purchased for more than they paid for it then its no big deal chucking the rest onto the market for whatever they can get as lng as they win overall.


Also , what the fcuk does the price the mm are willing to shift stock today have to do with this lot going bust ?

Were Energis at 0p when they went bust ?

You are becoming a bigger prat with each post.

Regards

Now you're trying to throw personal insults, I knew the fundraising was going to be carried out at 1.50 pence before the thread was started and to reflect that the bid price is at 1.50 pence.

You need to get out more!

Yes, get out more Dil.
How the f*ck can you know where this is going by staying indoors?

Evening all

Lol

Sue first line of header or is that more bullsh*t ?

Off to the pub now Dai to get some tips :-)

Wouldnt take any notice of Dil a freak by nature. Mental case and a man/women.

Think you know what I mean. Dil did you go down in your dress or your
mens trousers to the pub tonight.

Seek mental health aid and pretty quickly.

Best bet squelch this ghastly thing whatever it is.

Thanks for that very constructive post, goldfinger.

Should be a great help to many - not!

GF = Oliverleftwingtit (ADVFN .. last bit says it all) = Slater (Sharecrazy) = Sue Helen ????????????

Gets a bit upset if you disagree with him / her , bless it.

Night Nadia.