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

Price up 15.00% now today at 1.50-2.25 pence with the BT tie-up announcement very likely to come tomorrow.

All buys reported today including some large ones for this stock :

400,000 odd buy at 2.00 pence this morning,
500,000 buy at 1.85 pence.

100,000 trade reported just now at 1.83 pence is also a buy from an hour ago, has gone in the sell column.

Tick up on the bid now to 1.75 pence, more delayed buys will be coming through later.

Another tick up on the offer to 2.50 pence now....up 30.77%.

Wow , soon be back to where you started at this rate , only down 33.33% on your buy rec now.

My apologies , thought the bid was now 2p but its only 1.75p so down over 40%.

Tick up on bid price to 2.00 pence now...up 39.00%.

Tick up on offer to 2.75 pence....up 46.15%.

Delayed buys at 2.00,2.25,2.50 pence to come in the next 30 minutes.

Yippeee only 33% down on Sue's rec plus fees plus opportunity cost of money tied up for 3 months.

Anymore like this ?

xmortal should be along soon to tell us all how he bought another shed load at the low.

Tick up on the bid to 2.25 pence now....250,000 buy comes through at 1.95 pence from an hour ago.



Tick up on the offer now to 3.00 pence...up 61.54%.

Now down less than 30% , your a star Sue.

... and a lying , misleading tw*t ... but enough about your good points.

Breakout on Chart......

wow fantastic tick up today, any reason behind it?

SueHelen
How long a time span and what volumes do you use when considering something a chart breakout?

Yeah they've found a fiver in the tea kitty Tokyo

500,000 buy comes through at 2.25 pence from an hour ago....

Tokyo, see my posted article from the Independent on Wednesday.