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

You wouldn't be interested in the ones I got , they go up.

Dil - I never thanked you for your PDX tip over a year ago when it was 10p. Nice one. That was a 15 bagger, wasn't it?

My pleasure Gausie :-)

yawn yawn. as if it was hard to pick winners 1 1/2 years ago.

PDX has not been below 20p in the last 5 years

yeah, a big crap tech share that REALLY DESTROYED SHAREHOLDERS VALUE back in the late 90's. Well, is is very rich for DIL to recommend since he deslikes companies which do that to investors, e.g QTR. Lets stick to QTR this time.

xm - lol. PDX came to market in 2001 with a propulsion device that, as far as I'm aware, did not facilitate the time travel that would have been necessary to REALLY DESTROY SHAREHOLDER VALUE IN THE 90's. Or did u mean 90p?

John - see RNS 7251X, 25th June 2002. A whole load of people bought in to PDX at 10p to relieve Carnegie (and in particular, Alan Burns) of their shareholding.

Antway, enough of PDX, one of the markets biggest successes in recent years - this thread is dedicated to corporate failures and investors who keep their eyes tightly shut and their fingers rammed firmly in their ears.

QTR. When's the announcement?

3mln market cap for a company whose product has failed commercially in two countries and are now acting as consultants, trying to sell the same product in new locations....

LOL!

When will the cash run out??

Rgds
dell

SueH. I have, in the past, expressed criticism of your convictions on Quiktrak. Depending on events I am preparing either- an apology - an ABJECT apology - or, hopefully, a grovelling abject apology. If its a grovelling one, then I suspect that both you and I will have made a fair penny. To be fair, its only a suggestion at the moment BUT.......

go on hilldee tell us the But!! ;-)

edit-just got the But( 2.75)

Blue again today.

Some large trades have gone thru. Sue could you please what is your veredict on these? Please dont take any notice of any derampers comments, as alwasy your commets are always welcome, please keep posting. Thanks

Go on Sue......show us your commets ;-)

Nice rise again today....chart shows a clear breakout. Could get the BT news tomorrow.

Some very hefty buys reported today including a 1 million BUY at 2.90 pence. As the bookie would say bet he knows something good.

From iii board (posted yesterday) :

Just had a lovely long convo with QTR.
(BUY...)
Mentioned that it was rumoured in the paper etc etc, and that I also realised they could not divulge price sensitive info etc etc, but was there anything that I could be told?
They said, "The" deal was not signed last Friday, nor has it been signed as of 1.30 today. However there is a signing in the pipeline....
I stated that I was not after a recomendation to buy or sell etc, but I was looking at averaging down whilst the price is so low.....
This was met with a rather optimistic response. In that they didnt expect to see the price languishing at the low levels they are for much longer.

Its all poetic license etc, and read what you will into it.
Me, I'm raiding the piggy bank tonight, to buy more tomorrow.
Just hope the price falls this afternoon, to give me a lower price for my purchase.

Any sceptics, give them a call yourself. Very very friendly, and appear genuinly excited about the forthcoming news.

Dave

/T, where have you been sue helen for the last 3 weeks, kept looking out for you and no posts.????????????????????????????????????????????

cheers GF.

Press Mention : in today's Independent Newspaper.

In the world of small caps, QuikTrak Networks improved 0.38p to 3p as bulls remained convinced that a contract win is just around the corner.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=569958

Press Mention : in today's Guardian Newspaper.

rumours of a deal with BT helped Quiktrak Networks rise 15% to 3p.

http://www.guardian.co.uk/business/story/0,3604,1322518,00.html

Anybody heard the rumour about AT&T yet?