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

Now, let me get this straight.

QTR has negotiated to use the Australian system, which was presumably that used by the company that went into administration under the same "management".

This is fishy beyond words if I've got it correct.

I've been looking at the share price perfomance since this thread started on 29th June and at today's closing price, the value of anybody's holding has halved.

It's not looking good really, is it?

An interesting way to cut costs, Put the company into administration and then use its assets!!

I could do that for 300 grand a year.

Honest guv!

;-)

January 2004

Investors in Quiktrak have been far from happy with the company for some time as the share price hasw plunged into the basement. The share price now languishes at a third of a cent after having been in an almost continual decline for the past three years.

The last financial report provided by the company showed that it had accumulated more than AU$22 million in losses and was due to run out of cash before the end of 2003. A AU$3.5 million Rights issue was announced in October 2003 to fill this gap.

SueHelen - 24 Aug'04 - 17:04 - 391 of 397

Nice release, should see further gains tomorrow. Price finished 11% up after the news release at 16.07 hours.

Sue - LOL!
Ever heard of MMs orchestrating a sucker's rally?

I'm sure prospective purchasers of the technology will be dead impressed when they are offered a demonstration of a network, owned by a company that went bust trying to operate it.

This technology has now put at least two companies into administration.
How many times can Chris K. find suckers willing to put up more cash to finance further attempts.....

Rgds
dell

Interesting article in Shares mag concerning the activities of the Berlin Stock Exchange (in listing stock without company permission) and the activities of various individuals/companies in shorting activities for those stocks. Anyone know if Quiktrak is listed on that exchange.Would it be impertinent to ask what qualifications 'SueHelen' has to pontificate on this stock?

Hilldee 399/399

Sue Helen has the same right as anybody else to 'pontificate' on this stock. Qualifications are immaterial IMHO. It is up to you to DYOR and take whatever advice you feel fit. Sue H spends a lot of time contributing to many of the threads on this BB, for which I, for one am grateful. Personally, I think she has got this one wrong, but that is just my opinion and in the long run it may be I who has it wrong. Whatever, it is my choice to listen or not, snide comments like yours do an injustice to an active member of the BB.

Regards

PTH

ptholden.399
Thanks for your comment.Of course S.H. has the same right and how correct you are to inform us that her 'qualifications' are immaterial. This enables such as myself to evaluate her contributions. I note that both you and I are able to keep our messages brief.

What does investech say Sue ?

Dil whats investech, and what does that matter?, by the way is it true your and mine buddy cat is going to post on the traders thread on the new site shareforums???

cheers GF.

Investech , ask Sue she loves it ... when it suits her.

Cat back tomorrow , I'll ask him but last time we spoke he getting fcked off with rampers using multiple names :-)

Night mate.

Dil..Do

would you please keep your yout bad language for yourself please.

Dil cheers, yup your right on that point about multiple alias, they say on this site it can be detected but Im not so sure, anyway I know of at least two who have been banned and come back with different names so it cant be working so well.

cheers Gf

goldfinger,

Please rest assured that multiple aliases can be detected, are detected and are dealt with.

We have several automated security processes and we are also vigilant ourselves.

Ian

GF , I tested ADVFN once and managed to sign up as A Goldfish and gave A Bowl , On The Kitchen Table as my address.

Maybe they were using a QTR product? ;-)))))))

Dil and I thought you were telling the truth when you said you lived on the Kitchen table?

If you want truth then your on the wrong thread Scrip :-)

Its about time you told truth Dil, I think you do 99.9% of the time and I have a lot of time for You.


PS Dil, come on lets have some of the great tips that you gave whilst on adfvn during the boom. Yes you Know.


To just sit back with your knowledge is just silly.


Iam sure with your genius we could all earn a bit of dosh.


regards GF

OK GF here's one , don't drink more than six pints of lager if you got to get up early in the morning and help your mate fit a bathroom :-)

PS You have come up with some crackers so don't spoil it by trying to defend crap like this.