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

Someone correct me if I'm wrong but the accounts show that all revenue in the period was for discontinued operations and therefore revenue for continuing operations was zilch.

Net current assets minus current liabilities show a shortfall of 886K so even with the 800K raised after the period in question , assuming they break even in the second half (about as likely as the Pope getting married) they need more cash from somewhere to finance the debt and if you were their bank manager would you lend it to them ?

"Progress continues to be made in selling a licence agreement to a prospective
operator in the United Arab Emirates." - i.e. they have one POTENTIAL customer.

Bust by xmas imo , plenty of better run outfits with tracking equipment out there.

But Dil look at the potential. I mean all the best techonologies get tested in the UAE.

Some nomad wants to tag his camel I guess.

or maybe in the UK to trap an ugly big gob tranni.

You leave Sue out of this.

By 'eck, you're still gorgeous, Dil.

The interims are breathtaking surely it is
time for holders to bale out now whilst they
have some crumbs left.This is a huge pile of
elephant droppings,its time to say goodbye,
there are plenty of other opportunities.
Another potential for its technology must be
Toledo Copper!! Bust in six months IMHO

Toledo , don't they have the same CEO as this outfit ???

Rally over .

Dil, dont you get tired of posting the same crap all the time...you really bored me.

OK , which bit don't you like this time ?

And while we are at it , can you point me to the source of the AFX news item that Sue posted last night as neither ADVFN nor moneyam have it or is just more outright bullsh*t from the Queen of it Sue Helen ???



Can anyone verify the AFX item or has Sue just made it up ?

The silence is deafening.

Come on Sue / xmortal , please tell us all you are not lying bull sh*itters and you didn't make that AFX news item up.

The demise of dell314 continues :

Dusseldorf - 22 Sep'04 - 16:55 - 1853 of 1853


bishopawn - don't be offended by dell, just think of him as an old village policeman who tells you off for playing your music loud when its gone 9pm. He's there to make sure that parties don't get out of hand and has a habit of believing every word people say on here as gospel (when we all know that every now and then we may post a comment that is some-what 'embelished'/'a long shot').

He can be found lurking on many threads and pops up at the most suprising times, though recently he has taken to only pointing out the negative aspects of other peoples comments and rarely joins in any constructive conversation on why movements are occuring.


dell314 - 22 Sep'04 - 17:11 - 6981 of 6982


Optimist - I actually found that quite amusing!

Incidentally, what did you think of the posts on the QTR threads(here and on MoneyAM) that suggest you have been inventing AFX news stories?

Rgds
dell


Optimist23 - 22 Sep'04 - 17:23 - 6982 of 6982 edit


New permutation by dell314...all AFX stories do not appear on Advfn or iii (bet you did not know that), typical and acts as a investment guru. The QTR one did not appear but it did on m-o-n-e-y a-m.

Check out the below link and look at the day the results came, you should see the AFX :

http://www.moneyam.com/action/news/processGetNews


I want you to go to them threads now and provide that link and they'll see what for what you really are.

So that's one over you again, your demise is happening really fast

Pretty sad Dil for taking your deramping to ADVFN and suggesting I invent AFX stories, when MoneyAm have clearly provided the AFX for QTR after their results came out.

Dil - 21 Sep'04 - 00:07 - 5 of 11


Well if you were a bank manager and knew the history of this company would you lend them money ?

Can't see anyone stumping up for another rights issue either.

Doomed they could well be.

Kayak - 21 Sep'04 - 00:11 - 6 of 11


Oh, so that's what this new facility is for :-)

Kayak - 21 Sep'04 - 00:11 - 6 of 11




Dil - 21 Sep'04 - 00:17 - 7 of 11


Eh ?

:-)

Dil - 21 Sep'04 - 14:10 - 8 of 11


Rally over , no money , no contracts and NO BLOODY HOPE !!!



Smallchange - 21 Sep'04 - 14:29 - 9 of 11


you going long or short Dil...personally I'm just gonna watch.


Dil - 21 Sep'04 - 14:55 - 10 of 11


Neither sc , just giving an alternative viewpoint to that of a few muppets on the fbb.

Dil - 22 Sep'04 - 10:39 - 11 of 11


Optimist23 on the fbb even appears to be making up his own AFX news releases ... what a muppet that guy is !

SueHelen - I followed that link and there are no AFX items other than the results announcement !

Thank you Hotei.

There is no news item Sue , you are talking more boll*x as far s I can see. AFX news items are all listed against the stock , there is nothing listed against QTR.

Give us a link that works or own up to the fact you made it up.

Can anyone else see Sue's news item ?

Oh and while your here , could you confirm for your adoring fan (xmortal) that revenue from continuing operations was ZERO ?

Cheers

Type QuikTrak and select AFX on date 20 Sept 2004. Its there and will come up. Don't enter the symbol QTR, nothing will come up.

Here it is from MoneyAm News again :

QuikTrak Networks H1 losses narrow
AFX


LONDON (AFX) - QuikTrak Networks PLC posted slightly narrower interim losses of 0.31 mln stg from losses of 0.52 mln a year earlier as sales increased to 157,002 stg against 26,025 stg last time.

The group said its tracking technology has been well received by the market for a wide range of applications and its new approach based on licensing and partnerships gives it a solid base for the future.

'Progress continues to be made in selling a licence agreement to a prospective operator in the UAE,' the company said.

'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.'

It added: '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.'

bam

I'm sure Ian of MoneyAm can clarify the AFX release and as a result prove that Dil is just a deramper who has wasted two months of his life deramping these here and on advfn, spending vast of amount of time on both boards and using new permuations all the time to assist him.

I have and it says no matching articles.

Appears only you can see it , no fcuk off and stop wasting my time as I aint in the best of moods.

I think Dil is posting under multiple alias's on here.