Pursuit Dynamics plc is a UK based research and development company, which was founded in 2000 to develop and commercialise a revolutionary pumping and propulsion technology. Pursuit Dynamics (symbol: PDX) was listed on the Alternative Investment Market of the London Stock Exchange in May 2001.



PDX 25 Sonic.

The PDX Technology is a steam-based system that has applications in both pumping and marine propulsion. It is cheap to manufacture, extremely robust, contains no moving parts and is virtually impossible to block. Pursuit Dynamics owns 100% of the Intellectual Property Rights that surround the PDX Technology.



Pursuit Dynamics is now working towards the commercialisation of the technology it has developed.





Corporate website : http://www.pursuitdynamics.com/


Pursuit are rumoured to be close to closing their first deals, which may be in the food processing industry.

What a great day for Pursuit considering the rest of the market, what would it have done on a positive FTSE day..... Shares mag article is saying long term target price of 4.00 (I am not ramping but stating article). Glad to have been in around .50p.

Good Luck All.

All,

Yes at last something tangible, and maybe the turning point we have all been waiting for.

Now let's hope they can nail that large confectionary deal, that would be the icing on the cake!

Some good news - Placing RNS @ 1.24, oversubscribed by the institutions, and the price is flying today!
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Pursuit Dynamics PLC
18 March 2004


Pursuit Dynamics PLC ('Pursuit' or the 'Company')

Conditional Placing of 2,042,353 new ordinary shares by Durlacher Limited


The Company announces today:


conditional placing to institutional shareholders by Durlacher Limited of
2,042,353 new ordinary shares at 1.24 per share;
the placing introduces additional institutions, further augmenting
Company's shareholder base; and
placing proceeds to be applied towards the Company's further expansion and
to provide additional working capital.


Pursuit Dynamics PLC has raised 2.4 million net of expenses through the
conditional placing of 2,042,353 new ordinary shares of 1p each at a price of
1.24 per share. The funds, raised through a conditional placing with
institutional investors, will provide additional expansion capital and working
capital to ensure that the Company exploits the opportunities that are now
arising.


Pursuit CEO John Heathcote said: 'Following the commercial launch of our unique
fluid handling and processing systems we have been delighted at the level of
interest in our technology. The fundraising will enable us to accelerate the
commercial uptake of Pursuit's innovative PDX technology by allowing us to
employ additional sales and sales support resources to focus on our immediate
target markets in the food, drink and paper industries.'


Application will be made for the new ordinary shares to be admitted to trading
on the AIM Market of the London Stock Exchange with dealings expected to
commence on Wednesday 24 March 2004. The new ordinary shares will rank pari
passu in all respects with the existing shares in issue.


For further information, please contact:


John Heathcote
Chief Executive Officer 01763 250592


Gary Pyle
Financial Director 01763 250592


Durlacher Limited
Matthew Robinson/David Rae 020 7459 3600



Public Relations
Hugo de Salis
St Brides Media & Finance 020 7242 4477


Notes to Editor:

Pursuit has developed the PDX technology, which utilizes steam as the sole
motive power in an innovative process system.
It has a wide range of current and potential applications across multiple
industrial sectors including confectionery, nuclear, oil, personal
healthcare, food, paper and pulp, brewing, wastewater, defence and ballast
water.
The Company has invested heavily in its unique technology and is now
actively pursuing the commercialisation of its applications.
The PDX system can replace several devices in a process and consequently
offers a number of significant advantages, such as faster and simpler
processes and lower running and maintenance costs. Pursuit is pursuing a
leasing, licensing and sales model to leverage its intellectual property
portfolio.
Pursuit listed on the London Stock Exchange's Alternative Investment
Market in May 2001.


For further information, visit: www.pursuitdynamics.com

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

All,

The price has ticked up a tad on a rumour that a confectionary deal will be signed next week.

Worth watching the price AND VOLUME now for clues I think!

Where did you get this info from, all of a sudden price really starting to motor...... Surely the news would be released earlier than next week price already up 11.5p today alone...... Should we buy more, lol, been in for some time so lots to play with anyway.... Good luck to all.

Adieh,

Well I have topped up today, and was intending to anyway before the expected announcement, although this is earlier than I expected. I have a decent profit already, so not too worried if they fall a bit.

I saw a reference to it in the trader's room here on AM.

Thanks Andy, yeah I was deliberating whether to purchase more, decided to stay
put on my holding, may top up tomorrow if its positive again. Like the broker comment regarding if deals are signed he can see 4.00 (not ramping). Fingers
crossed.

Oh how its nice to be British(!). This is my champion up 250% on original buy and two more dips since then - intended to go for more to-day but its climbed rather too much initially. I will wait for the profit taking and then go for more. Imagine if there was a deal for Fire Fighting as well as Confectionery!

Like u oakapples well up on inital investments, just wonder when to take profit, missed out on purchasing more yesterday, oh well, nice position to be in though. : - )

oak / adieh,

yes another nice little rise this morning, I do wonder how much more we will get this week, especially if the press get hold of the rumour?

a couple of market reports will mention pdx tomorrow,

Thanks for that, the deal must be announced soon, why else would we get this rise? Keeps on like this we might be at 2.00 before end of month... : - )

AdieH,

or even by next Tuesday!

or maybe 4.00 by next Tuesday ???

Alot of negative posts on another bulletin board regarding this price. General comments are that it will fall on Monday, anyone got any views, we have seen a steady rise in the last week and can see no reason for downside, can anyone enlighten me? When are we expecting the RNS regarding the possible contract?

Regards

AdieH.

AdieH

If you believe that PDX will win contracts then hold, if you dont, then sell.

I have no idea where the rumour of a contract being announced this Monday has come from. If people have bought such a rumour, then chances are we'll see a retracement - whether a contract is announced or not.

I gave up trying to sell the highs and buy the lows months ago - when this thing moves it rockets, and the trend is most definately upwards. I just hold and hold and hold now. It wont move in a straight line, nothing ever does. If PDX hasnt been taken over the next 5 years or so then I believe its price will either be more than 10 or it will have folded.

Gausie

HI Gausie,

Thanks for that I seem to have the same views as you, have seen a presentation by Pursuit and I fully believe the technology is ground breaking (only my view). Just hope the reported deal with a confectionary company is announced soon, have bought in at .50p and added so sitting pretty at present.

Good Luck to all

Regards

AdieH.

I'm in full agreement with you, Gausie. This is a speculative play which depends on Pursuit being able to land the deals.

Everything I've seen about the technology looks great and if they get the contracts then this company has a long and profitable future.

Doug

dclinton,

I agree, and I do believe the deals will come, and the firefighting potential, if realised, could be absoluteley huge, because saving lives is so highly valued, and there really is a worldwide market for that!

Sadly, no RNS as yet today, but I continue to hold, and am as confident in the product as ever, having seen it in action last year at PDX HQ, Royston.