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

um, thats not quite what happened suehelen.

I wouldn't buy this until I saw it break 3p and carry on up.

Which is not likely in our life time Al.

.........and we're only young whippersnappers! ;-))

LOL!
I wouldn't buy this at any price, unless they can demonstrate both that they are financially solvent and that the technology has a commercial future.
Both look rather unlikely, at the moment.

To get sales, they need a working nationwide network and to get financing for a network, they need huge numbers of guaranteed users to justify investment.

Catch 22 IMO...

Rgds
dell

Thankyou all for your advice re QTR, I'll hold on to my 500 for a while unless someone comes up with a share that will give a little profit. once again thanks Big Al ect.

Montana Blue - no probs.

QTR really is s**t or bust so not the safest place to stick it.

Al

I have e-mailed QTR on their lack of press releases of late
, and What I feel is always a sign of a good company
they replied to my e-mail almost immediately.
(I know the de-rampers will find something negative
about this, but I always feel if the company is open
to responding to investors' enquirys prompty then it's
a company worth looking at)

anyway long story short, expect a press release on
Friday or early next week

What this will say is anyones guess, but as it is
so close to the refinacing I hardly feel that it
will be negative.

Perhaps a new contract???
A finance partner to expand nationwide???

Good luck to all QTR holders

Can't wait.

Excelent news, pity poor dillers isnt in.

cheers GF.

Hyped up crap GF .

Tokyo - 04 Aug'04 - 15:24 - 304 of 306

I have e-mailed QTR on their lack of press releases........


Tokyo - Are you serious?
This company has issued pages and pages of press releases, newsletters and RNSs.
Any contract over about 50 pence seems to have warranted some kind of release...

Rgds
dell

Thankyou very much Tokyo.

Seems the derampers like to pass their time by logging onto this thread. A new hobby which could go onto the CV.

Hi Sue

You dont seem to have anything constructive to say about this share at the moment, and this is typified by your lame attack on what you call derampers.

As has been pointed out many times before, why deramp a share when you cannot short it - what do you have to gain? However, if you ramp it

Tokyo, stop being naive.

Goldfinger, rather than attacking Dil, who makes some valid points, a better use of your time would be going back to sharecrazy and trying to persuade Share Bear to come back. He was an exceptional loss and would be a better use of you valuable time and exceptional intellect.

Those who are in QTR I genuinely wish you well, just beware of the rampers and always DYOR.

Regards.

Mark.

The bid price has been dropped to 1.00 pence. I'm still holding...Aren't we expecting a news release tomorrow.

No it was supposed to be last Friday or early this week , please keep up Sue.

..Aren't we expecting a news release tomorrow.

No.
Tokyo suggested that a news release was due last Friday or early this week.

Rgds
dell
(edit: Beat me to it, Dil!)

I e-mailed them on Tuesday and got a really lame excuse, that they were waiting for the correct time before they released the news, and would release it in accordance with the rules and regulations of the listing (blah, blah, blah)
I got to say I really do hate it when a company promises something, or at least mentions doing something and then doesn't deliver. I'm not as anti this share as Dil or dell314, but can not help but feel disappointed in the company and management today!!!!

I knew this was going to be at least a medium term hold when I bought in, but unless this news they are hanging onto is fantastic then it is must obviously a long term hold.

They are not allowed to "hold onto" price sensitive news until they feel like releasing it , it must be released immediatley.

well it is definetley long term then, unless they can pull of something with the criminal tagging, which is where most of our hopes lay