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

Hi Tokyo, it means 3 out of the 4 MMs are bidding for stock at 1 pence, not surprising at this low bid price. Two out of the 4 MM's are selling stock at 1.75 pence. The other 2 MM's are at higher prices.

If Level 2 was 2 v 3 then that would be negative in that a tick down may come. Level 2 is at 3 v 2 which indicates no further tick downs, not on the bid anyway. EVO or SCAP may move to a new offer of 1.50 pence. Incidentally, EVO received the shares from City Equtities at 1.52 pence so will be interesting to see how low if they do bring the offer price.

Mention in AIM article in the Sunday Times today, not much but every little bit helps :

The Sunday Times - Business



August 15, 2004

AIM: the good, the bad and the ugly

The worst-performing stock has been QuikTrak Networks, a telecoms company. It raised nearly 700,000 when it moved from Ofex, the lowest market, but shareholders have seen the value of their investment fall 95% over the past year.
Chris Kyriakou, chairman, admits that the company has had a difficult couple of years as the development of its technology was delayed. But in his latest results he said: With a new approach based on licensing and partnerships, we have a solid base for rebuilding shareholder value.

http://www.timesonline.co.uk/newspaper/0,,2769-1216318_3,00.html

SueHelen - 13 Aug'04 - 13:38 - 318 of 321

EVO still seem to have some excess stock to get rid off and have passed some onto another market maker (SCAP) :

Sue - have you actually seen a sizeable MM trade to support this, or are you just inventing rubbish again??

Rgds
dell

Level 2 has changed from 3 v 2 to 2 v 3 now which is negative. WINS have moved off the bid and gone to the offer with 1.75 pence, joining EVO and SCAP.

A large dump may be coming in the next few days by one of the trusts mentioned in the header post. This is nothing new an happens with small caps now and then and the market makers try and pick up that stock as cheap as possible. One of my other recommended stock which was Documedia has fund managers dumping at 0.50 pence before the stock rose to 4.88 pence in the next 6 months which is the price it is at today.

The above maybe the reason QTR have delayed the news release as then if what I have stated above is going to happen then they would not have been much of a price reaction to the news.

Are they allowed to delay new releases this long, what exactly are the rules in connection with news releases

I've got no idea Tokyo, I don't mind though as long as it comes. Once the first good news comes through, the others will follow through more quickly.

It is a little discouraging that a large amount of stock maybe dumped soon, but when I bought into this, I bought in for the long/medium term, if and when it rises up to perhaps 4.82pence, we shall all be singing you praises, until then I expect you'll hear alot from your mates dil & Dell

225,000 T buy reported at 1.50 pence just now. Someone had an order in to buy 225,000 shares at 1.50 pence.

Sue - 1)As you haven't provided a MM trade in support of your earlier post, I'll assume it was just more rubbish from you.

2) Why have you chosen to compare QTR to DOC??
Does QTR now work within the printing sector?
Does QTR have significant tangible assets?
Has QTR been tipped on UKanalyst by Clem(Possibly not the best recommendation as his tips have had mixed results. YOR was a total gamble due to massive debt and was suspended pending refinancing)??

I think these three questions all generate a negative response, leading me to assume that your only reason for comparison is that DOC was a "dogstock" that bounced. Why not compare QTR to IREV or BLA: two "dogstocks" that went to subpenny prices and carried on going down until they disappeared??

No?

Let's try and keep the discussion factual then, shall we?

Rgds
dell

I suggest you invest in lottery tickets. I've seen strong buying by everybody. Unusually this occurs on a Wednesday and Saturday most often. Downside is only 50% over the long term and look at the prospects you can win millions, I mean this could be really big. And the proof of the potential is there, look how many millionaires have been made! Also my mate tipped me some numbers last night, I would post them but I'm not keen to share this information till its official published in the next draw. Apparantly Camelot will not release this information till it's started the offcial draw.

And calendars, but timing is the key here. For some reason sales seem to rocket around December and tail off dramatically in January.

Therefore, I go long on calendars in December and short them in January. Thats how I got the yacht, Ferrari, million pound pad etc. Trust me, I think Im onto something here!!!

Riiight!

..................and?

Any of you heard of the tracking trials being commissioned by Insurance Companies in cars. Wonder if Quicktrack are involved.

They haven't got a network so at best can only supply the devices - box shifting is low margin.

Yup but big volume.

Yup but big volume.

Dream on , the way to shift big volumes is through the car manufacturers not insurance companies offering a tenner discount for having a tracking device fitted.

Besides there are plenty of other trackers on the market made by companies that are not teetering on the edge.

Who?

DYOR , and for insurance companies read one ... Norwich Union.

Sorry to be brutal.

This thread was started on 29th June. Mid price then 2.5p. Closing price today 1.38p. Apart from a brief interlude following its inception to 2.75p, the price has halved in about 2 months.

Says it all.

We'll no doubt ge tthe usual excuses that we're now in it for the long term. I've been in some holdings for years now. Thankfully none of them are bust, but the share price is less than the projected EPS when I bought.

This lot's fooked! don't buy until, if ever, they return above 2.5-3p.

This dog is being ramped by people who are in from higher and now realise the error of their ways, but won't admit it.

AVOID, AVOID, AVOID!!!!!