ITIS is emerging as a leader in the supply of satellite navigation data in the information technology industry. They have come up with a new system of gathering real time and historical data called Estimotion. Profits for next year are forecast at 1.6 million but this is without the roll out of this new technology. Cash 6 million. ITIS report they are in a period of high growth.

Estimotion is an Israeli company ITIS purchased for $5m and combines real time and historic data to guide drivers through their satellite navigation systems to their destination avoiding traffic jams and giving the quickest route. They are also able to supply data to other systems including hand held satellite navigation and have contracts with Alpine, Clarion, Kenwood,
Panasonic, Pioneer and Siemens.

There stolen vehicle tracker NavTrak is the best selling in Europe and is fitted to 100,000 vehicles world wide. It has many other functions and further details can be found on the NavTrak web site.

ITIS have 13 three year contracts with major car manufacturers to supply RDS_TMC and combine their data gathering with the AA.

Further announcements are on the way and they also hope to win international contracts with both RDS_TMC and Estimotion. They are in talks with four governments.

Recently they came first in a comparison test with other companies run by the Sunday Times and there have been several write ups in Shares Mag including mention of the global market ITIS is aimed at.

Mobile phone companies will be interested in this one.

Well worth further investigation with announcements on Estimotion and foreign RDS_TMC contracts soon.

In at 20p

broker 60p

demo....


http://www.estimotion.com/

This is better...perhaps the market will begin to wake up to a genuinely exciting company.

Some good buys by the directors, shows confidence.

ITIS Holdings PLC
10 November 2004


ITIS HOLDINGS PLC


Directors Shareholding


The Company announces that on 9th November 2004 three Directors of the Company
purchased ordinary shares of 2p each in the company ('Shares') at a price of
23.5p per Share as set out below:

Director Shares purchased Resultant beneficial % ISC*
holding of Shares

Sir Trevor Chinn 70,000 652,240 0.68
John Hewett** 70,000 70,000 0.07
Stephen Norris 50,000 550,000 0.57


* issued share capital of ITIS - 96,243,669 Shares.
** John Hewett is the ITIS board representative of Peder Smedvig Capital AS, a
holder of 10,042,106 Shares

Contact

Andrew Forrest 0161 927 3600
Finance Director




This information is provided by RNS
The company news service from the London Stock Exchange

Watch out for TFC they appear to be nicking the initiative - see press report

From the FT.

Mr Marks said Estimotion would turn the company into a global force.

"Wherever there is a cellphone network, our software can sit on top and transform information into traffic flow predictions."

http://news.ft.com/cms/s/3d387f72-32bd-11d9-8498-00000e2511c8,dwp_uuid=43da3afc-1308-11d9-b869-00000e2511c8.html

Good call. ITIS is a good company and this is a nice ride;)

60p and beyond.

Shares Mag

THREE THINK ITIS WILL FIND WAY

"ITIS holdings (ITH:AIM) has never made a profit and has never paid a dividend. Despite that several directors led by non-executive chairman Sir Trevor Chinn, have bought shares.

Chinn bought 150,000 at an average of 26p, as did another non-exec John Hewett. Steve Norris, the beleaguered chairman of Jarvis (JRVS), bought 100,000 at 28p

ITIS provides traffic information for it's 60,000 customers through RDS-TMC. Its satellite navigation systems alert customers to traffic jams.

As British roads become more congested satellite navigation will probably become more popular. Indeed, car manufacturers supply equipment as standard on certain models. ITIS has done 17b deals covering manufacturers such as BMW, Saab, Saburu and Toyota.

Apart from these models the company has contracts with both the Maryland Department of Transportation and Flanders government. Although neither contract is huge this international validation of the technology should be helpful in the medium term.

Despite the loss making record, the tenor of announcements from the company has become more optimistic. The interim statement said the group should break even in the second half. House broker Altium Securities is forecasting a maiden profit of 1.9 million in 2005/06 (earnings of 1.8p).

Steve Norris has not always backed a winner, but hopefully he has on this occasion. The faith of three directors should act as a good navigation aid for investors."



Also from Shares mag

"Road traffic information provider ITIS appears to be going from strength to strength. The group has landed several new contracts with the likes of Renault, Nissan and Vauxhall to deliver traffic information through vehicle navigation systems and saw turnover jump by 46% in the first half. Trading in the second half remains strong and the group expects the business to break even during this period.

Its Estimotion acquisition has been highly successful as demand increases for traffic flow information. Cash flow is set to improve and the group has 5.5 million in cash.

Shares says; This field looks set to expand rapidly and ITIS is well placed to take advantage."

Estimotion will be deployed all round the world with attractive licensing agreements deterring patent infringements. This is going to be a good ride.

Is this a worthwhile investment please help!!!

If the technology is as good as the company says it is and enough third parties take up the technology it's a 10-bagger IMHO!

ITH is now supplying RDS-TMC technology to most of the motor industry in the UK with Europe next in its sights. Estimotion is being deployed world wide.

ITH have always been confident of delivering what they call 'Global Glory' to share holders and in recent months they haven't disappointed with Estimotion being deployed in the US, Australia and Europe. The technology is a new innovative way of gathering data and many more deployments are set to follow. No foreign offices are needed, deployment is quick and cheap and very appealing to budget conscious Government Transport Departments. Of particular interest is ITH have set in place a contract a major US mobil phone operator so more US cities are targeted.

Shares say, "The industry looks set to expand rapidly and ITIS are well placed to take advantage"

The company has always delivered and if Estimotion does the same a price target of somewhere reaching close to 1 over the next year is not unreasonable.

IMO this company has struck gold with Estimotion!!

DYOR.

With almost every European govt now looking seriously at congestion issues thisseems to be an extremley interesting niche

I am already well into profit on this one and am not selling a single share!

Good news today - ITIS Holdings today announced a new contract with DaimlerChrysler UK supply its RDS-TMC (Radio Data System - Traffic Message Channel) service as standard on all Mercedes-Benz cars equipped with factory-installed satellite navigation.

TMC enables drivers to receive real time traffic information on their navigation system and to utilise Dynamic Route Guidance to re-route away from traffic congestion.

ITIS traffic information combines incident data and Floating Vehicle Data (FVD), which is then broadcast to compatible satellite navigation systems using national bandwidth via Classic FM, which is licensed exclusively by Ofcom to ITIS until 2012.

Stuart Marks, CEO, commented: 'We are particularly pleased that DaimlerChrysler UK will be standardising RDS TMC across the Mercedes-Benz range of cars. The quality and driving experience that Mercedes- Benz customers demand will be further enhanced by the availability of real time traffic information. We now have contracts with 16 manufacturers for RDS-TMC and consequently more drivers now receive traffic information in their vehicles using TMC than by any other comparable system.'

I thought the price movement related to supply & demand, anyone care to explain the recent rise?

Unfortunately not but I like it! 40p tomorrow?

Little bit past midday & it's there.

Crikey - If only I was always that accurate!

Good news for a Monday morning:

LONDON (AFX) - ITIS Holdings PLC said it has won a new contract with Dutch based Eurotraffic to deliver real time traffic information to customers of the TomTom personal navigation products.

Under the terms of the contract, ITIS said it receives a share of the annual subscription paid by the customer for the traffic service.

ITH share price is 100 times more than company actual worth

Well done to holders I had some of these for a while. Nice to see things turning up - more to come.

Maiden post-tax profit of 0.34m in second half of the year;

Turnover up 44% to 10.16m (2004: 7.06m);

Loss after taxation for the year reduced by 80% to 1.21m (2004: 6.14m);

Year end cash balance remains strong at 3.41m with the Group expected to
generate cash in the current year;

Continued dominance of the RDS-TMC market with sixteen vehicle
manufacturers now offering our traffic service as standard with navigation;

New contracts won since interim statement to supply traffic data to
DaimlerChrysler, Land Rover, Mini, Mitsubishi Motors Europe, Porsche Cars,
Renault, Vauxhall and Volvo; and Co-Pilot, Harman Becker, Sony Europe and
Tom Tom;

Deployment results for Cellular Floating Vehicle Data (CFVD, formerly
known as Estimotion) ahead of expectations;


Stuart Marks, Chief Executive of ITIS Holdings plc, commented:

'We are delighted to announce a maiden profit for the second half of the year
and significantly increased turnover and reduced losses for the year as a whole.
We believe we have succeeded in creating a fixed cost traffic information
business with a portfolio of services which our customers clearly value.

This year we remain confident of continued growth across all of our businesses
and of further contract wins for our CFVD technology, which will make it an
increasingly important contributor to the Group.'


Financial Overview

For the year ended 31st March 2005 Group turnover increased by 44% to 10.16m
(2004: 7.06m). With the majority of the cost base fixed, this resulted in the
loss after taxation for the year reducing by 80% to 1.21m (2004: 6.14m). There
were no exceptional costs during the year (2004: exceptional costs of 0.75m
relating to the impairment of a fixed asset no longer used by the Group and a
provision for onerous leases). Cost saving measures implemented during 2004
have resulted in a 1.67m (25%) fall in distribution and administrative
expenses.

These results demonstrate again that ITIS' operational infrastructure is capable
of supporting incremental business without substantial increases to its cost
base.

A splendid set of results. Go ITIS!