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

xmortal - I'll happily post on WHOG, if it pleases you.
I don't believe I've stated a view on WHOG's sp direction. I have merely observed that many of Sue's comments on WHOG and here are a combination of lies and drivel.

Do you remember when you and Sue were claiming to have read the latest news from QTR's Korean website?
Very believable, as the news page was written in Korean!!

LOL!

Rgds
dell

Never mind Dell314, there is not point arguing really, you have your views and I have my beliefs. Regards to you XM

... and Sue has her lies.

She also denied the CEO had paid himself over 300K , which was more than the companys turnover when it was in the accounts in black and white.

Pays himself 50p this year he'll probably have done it again !

MM tree shake , keep the faith Sue.

Dil - Sue claims to have sold out of QTR at 3p on one of the unrelated AFN threads. No doubt it's a lie, as usual.

I guess she has now decided that 3p was the top rather than the bottom(as suggested in this thread title)...

LOL!

rgds
dell

dell - Are u surprised? why pump if you're not going to dump?

Hi, I have sold last week. So I guess if Sue and I have sold, there is not much point of you, Dil and Dell to slag us off anymore??

Xmortal - I thought with you and Sue making such an effort to learn Korean, to keep us up to speed with the Korean website, that this must be a long term holding.

Are you telling me now that you don't believe the BT contract rumour that you and Sue made such a big deal about??

Rgds
dell

dell has smealt the coffee

uhmmm interesting the real spread now is at 2.00-2.25 as quoted by my broker.

Sue: Do you have some views on the TA so far? I guess u still holding here? xm

Yo both made claims you had sold.

Sue: Do you have some views on the TA so far? I guess u still holding here? xm

Just popped in to see how bog-roll cert land was.

Bugger me, they've all sold. Interesting reading through the posts I'd missed. Sue made an amazing string of posts as it rose following an unnerving silence when it fell. Funnily enough, there's been silence since it tailed off once more. Strange reactions some people have.

;-))

She got a new ramp now.

COULD BE TIME TO MAKE SOME CASH FROM THIS ONE.OUR RAMPER IS OFF ON ANOTHER TACK. ADMITTEDLY THIS ONE IS EITHER A MAKE OR BREAK BUT I SUSPECT IT AINT DEAD...YET. I,ALSO,SUSPECT THAT OUR RAMPERS PROFITS WERE MARGINAL - TO SAY THE LEAST. BETTER LUCK WITH THE NEXT ONE 'RAMPER'

I strongly suspect a loss was made given the spread and price action over the intervening months. ;-))

Have only just read the 20th Spetember release in full.

I therefore also strongly suspect this one's completely fooked and 0p is only a matter of time.

That tw*t of a CEO who has milked the company and shareholders for all he can get should be banned from having anything to do with listed companies in this country or alternativley ..... shot.

A must read thread for all SueHelen fans