The chart for this stock says it all.

The company is quickly becoming a real gem in the telematics field, over the last month the co. has announced re-seller contracts which will bring in min. 2m or >30% of last years T/O alone.

The company is already experiencing massive organic growth so the co. should be profitable now following last years 500k loss.

The co. has approx. 6m cash and is in one of the hottest growth areas at the moment.

With a market cap. of 25m this will be re-rated x2/3 minimum within the next 6-12 months IMHO.

MM buys went through on Friday with T/O continuing to build, one to put on your monitor...

"we have no worries!!!!!!!!!!!!" - People, if this is true, why does the price continually drop with every 'good' RNS? I think MM tree shaking is wearing a bit thin now....

:-((

CybIT Holdings PLC - Appointment

Wednesday, December 10, 2003 07:01:09


RNS Number:0710T CybIT Holdings PLC 10 December 2003

APPOINTMENT OF NON EXECUTIVE DIRECTOR

Cybit Holdings plc ("Cybit" or the "Company") is pleased to announce the appointment of the Rt Hon. Sir John Daniel Wheeler to the Board as a non-executive Director from 1st January 2004.

Sir John, aged 63, brings over 20 years of experience within the public sector. He was from 1997 to 2002 Chairman of the Service Authorities for the National Criminal Intelligence Service and the National Crime Squad. In 2002 he was Chairman of the Home Office and Department for Transport Review into airport security, with particular reference to the role of the police, and from 1982 to 1993, Sir John was Chairman of The British Security Industry Association Inspectorate.

Up to 1997, Sir John was an active Member of Parliament for Westminster North for eighteen years, sitting on various committees including the Home Affairs Select Committee. In the mid 1990's, Sir John held the position of Deputy Secretary of State, Northern Ireland Office, responsible as Minister of State for Security and the Criminal Justice System and as Finance Minister for the budget of 8 billion.

Sir John has been a non executive Director of Key Business Finance Corporation PLC and the Merchant International Group Limited since 1997 and 2003, respectively. Since 2003, he has been Chairman of Globaleye Network Intelligence Limited.

In the previous five years, Sir John has been Chairman of the following companies; Reliance Custodial Services Limited (1997 - 2000), MWB Leisurebox Limited (1997 - 2003) and MWB Business Exchange Limited (1999 - 2002). He was non executive Director of Jasmin PLC from 1997 to 1998 and Norbain PLC from 1998 to 1999.

Sir John has an interest in 175,000 ordinary shares of 0.1p each in the capital of the Company.

There are no other matters which are required to be announced as required under paragraph (f) of Schedule 2 of the AIM Rules.

Commenting on the appointments, Neil Johnson, Chairman of Cybit said:

"I am delighted to welcome Sir John to the Board of Directors. His considerable experience in the Transport sector, combined with his knowledge of the regulatory environment will be invaluable to Cybit as we continue to grow. Sir John will bring a fresh perspective to the business as we look to expand in the UK and internationally."

- Ends -

For more information, please contact: Jonathon Brill / Charlotte Kirkham, Bell Pottinger Financial 0207 861 3232

About Cybit

Cybit is a leading provider of fleet management and telematics solutions, delivering a full range of Internet-based software and support service to private motorists, vehicle fleet managers and commercial haulage operators. Cybit operates a number of telematics platforms, from end-to-end OEM solutions to its own generic platform, providing satellite tracking of mobile assets via street-level digital maps. This enables Cybit operators to obtain data and deliver services or assistance via wireless networks for safety critical events, accident or breakdown, as well as providing support if a vehicle is stolen, or a driver is late or lost. By facilitating the processing of this information for financial management purposes, Cybit then frees users up to promote best use of existing resources.

For more information about Cybit's technology solutions, please contact Philip Szomszor at IBA Europe on 01780 721433.

This information is provided by RNS The company news service from the London Stock Exchange

END



DJ CybIT Holdings Names John Wheeler Non-Executive Director


Edited Press Release


LONDON (Dow Jones)--Cybit Holdings Wednesday announced the appointment of John Daniel Wheeler to the Board as a non-executive Director from 1st January 2004.

In the previous five years, Wheeler has been Chairman of the following companies; Reliance Custodial Services, MWB Leisurebox Limited and MWB Business Exchange.

He was non executive Director of Jasmin from 1997 to 1998 and Norbain from 1998 to 1999. Wheeler has an interest in 175,000 ordinary shares in the company.


(END) Dow Jones Newswires

skids - if you go CYH web page and look under PARTNERS - Traffic Master is there with a link to thier web page, so I think its fair to say that good news for traffic master is good news for CYH!

I keep buying my daily ration of 100k. Hope everyone else is doing their bit!

OB, you keep up the good work of supporting the market/this share!!

Well done!

Thats what I though LW. Thank you.

well now nother top up for me xtra 35000 going in more than I intended todays news has to be worth 1-2p sooner than later xfinger D. :-))

blakester

We have no worries! Why does the price keep going down? Well to be honest I'm not sure. There are a lot of retail investors in this stock from .005p I do think that the MMs are trying to squeeze out the last sellers, but who would sell now? The only reason to sell now would be if you really need the money. The (badly researched) Shares Magazine SELL recommendation did us no favours either. However, all the shares publications will soon have to list the shares which have the best potential for 2004, let's see if CybIT are listed. The two new recent appointments look very very promising but the shareprice won't move up until there is contract news and lets face it we all know that this company will win further contracts. Contracts take ages to get to the signing part and CybIT are constantly involved in contract talks, expect them to start coming thick and fast. The potential of this company is enormous and the management team is stronger than ever!

chrissie thanks your posts do me a world of good :-) D.

Ditto Douggie

chrissie, are you still confident that there will be contract win announcement b4 Xmas as per your previous post?

Yes I THINK there will be contract news before Christmas but all I really KNOW is that CybIT are in talks with companies, local government and organizations. Whether or not they will sign on the dotted line before Christmas I'm not totally 100% sure. But I am sure that these contracts will start coming during the next few weeks and months. Today's appointment will go a long way to help with police and local government contracts.

Off to do some Christmas shopping now.

mornin all xfinger 4 good dat

Bloody hell its still in the blue!!!!

G12 :)

hi G12thought everyone left town

yes its very quite

Blue? I'm showing red (again)

An interesting bit of news posted for traffic master (tfc) today I see.

Here's my thoughts on Cybit:

Contract News.............is due before Christmas I reckon. The management seem to be a very wily bunch who know what is best for their company, hence the recent appointments of high profile personnel.

I'm in big time with over 500k shares which I've built up over a period of time, buying in low and on the way down in the past month or so. I'll keep feeding my portfolio with these if they keep rolling down as they are a pretty sure bet to rise on the back of good to mediocre contract wins and rocket on the bigger fish they are trying to fry!

Telematics is a competitive arena, but Cybit seem to be up there on strategy, management and products with the best of them, so it is solely down to winning new business and getting the money flowing for even better accounts and results.

Hold tight for a roller coaster ride in the next few months until we see this stabilise and on the up time after time after contracts annnounced.

Don't miss out, but make sure you DYOR and only play with money you can afford to lose or halve!!! Please do not buy/sell on the recommendation of any bulletin board or posters on a BB as they mainly speak tosh!!! (Me included my missus says!). Good luck and happy X-Mas.

Why the drop?