http://www.timestrip.com

Timestrip Plc

INTERIM RESULTS FOR THE 6 MONTHS ENDED 30TH JUNE 2005

Timestrip Plc is pleased to announce its unaudited interim results for the 6
months to 30 June 2005.

Timestrip Plc develops, manufactures and sells patented Timestrip smart labels
which monitor for how long perishable food and other replaceable products have
been open or in use.

* Maiden interims following reverse takeover of Timestrip UK Limited in March

2005

* A full-scale commercial trial with Nestle FoodServices UK recently

announced (16th September 2005)

* Joint Development project agreed with Pfizer for pharmaceutical application

* Significant progress made across core targeted international markets

Highlights include:

* In preparation for the new EU Food Hygiene Directive, distribution secured

in Germany and Benelux through a 3-year exclusive supply contract with

Label Lord, part of the NSD Labelling Group. Good progress in North America

with new orders from Taylor Precision Products, the leading manufacturer of

measurement related products in North America, and Daymark Food Safety

Systems.

* For the food retailing sector, The Lifetime Cap(tm) project with Crown Zeller

(announced in April 2005) is progressing well with further product

development underway.

* New EU labelling regulations driving demand in cosmetic and beauty care

sector.

* Additional production machinery on line to fulfill future demand

* Commercialisation strategy moving towards revenue generation

* Directors confident of continued progress

Paul Freedman, Timestrip's joint CEO commented:-

"Timestrip has made significant progress to date in the marketing of our smart
label technology in key sectors. Timestrips are now perceived to be a highly
desirable packaging innovation for companies wishing either to differentiate
their products in competitive markets or improve their compliance with new
labelling regulations. We are confident of reporting further progress in due
course and delivering significant value to our shareholders."

For further information:

Paul Freedman, Joint CEO and founding Director, Timestrip 01462 440700
Shane Dolan, Biddicks 020 7448 1000
John Frederick, Athanor Capital 020 7430 1991
Roland Cornish, Beaumont Cornish 020 7638 3396

Chairman's Statement

The past six months have seen some exciting changes for the Company as it made
the transition from Internet Music & Media Plc, a shell company, into Timestrip
Plc, a smart label technology business, through the reverse takeover of
Timestrip UK Limited in March. At this time, the Company raised just over #2
million by way of an equity placing, most of which was allocated as working
capital.

We are making significant progress in commercialising this exciting technology
through commercial trials and development projects with a wide range of
international customers and are confident that this can be developed into
significant future revenue streams.

The addition of key personnel to our Research and Development and Business
Development team has enabled us to introduce more customers to the technology
and respond to their individual development requirements more effectively than
in the past. The Company is operating well within its internal budget forecasts
and retains a very disciplined approach to controlling costs.

We expect the current momentum to continue to accelerate over the year ahead as
we look to our goal of establishing Timestrip as the new international standard
in product labelling.

Stephen Oakes
Chairman
23rd September 2005

Joint Chief Executives' Statement

Timestrip has developed a patented smart label, the `Timestrip', which enables
users of perishable food and other products to monitor for how long an item has
been open or in use. The Timestrip is a disposable multi-layer laminated label
which contains a timing device consisting of a specialised porous material and
a non-toxic liquid. Upon squeezing the label to activate, the liquid starts to
move through the porous material by micro-capillary action. A printed
calibration on the top layer of the label allows the user to tell at any point
in time how long the label has been active. The label is currently manufactured
with adhesive backing enabling it to be attached to perishable goods as a
reminder to use or replace the product. The label is designed to be easily
customised and is capable of being embedded into the product packaging or the
product itself. It can be activated automatically either upon first opening the
package or upon first use of the product.

The solution provided by Timestrip relates to the difficulty in monitoring
relative expiry dates, such as "Use within two weeks of opening". The Timestrip
addresses this problem by reliably monitoring the lapse of time, providing a
visual indication that the relative expiry date is approaching, thereby giving
the user the opportunity to manage perishable items in a way that was
previously problematic.

Current Tradingand Future Prospects

We are pleased to report significant progress in the five international mass
markets in which relative expiry dates are predominately found, as well as a
new market - cosmetics and beauty care:

* Catering and Food Services

*
+ Our exclusive distributor in this category for North America, Daymark
Food Safety Systems, have now sold packs of Food Service Timestrips to
approximately 1000 restaurants in the US. We are delighted with the
investment in marketing from Daymark, who are proving to be a dynamic
and committed partner.

+ We have also increased our market presence in North America by securing
an order from Taylor Precision Products, the leading manufacturer of
measurement related products, who will launch the "Taylor Timestrip" at
the NAFEM Show in California this month.

+ For Europe, the adoption of new EU Food Hygiene Legislation in January
2006 represents a significant opportunity for us, as caterers look to
improve compliance with the new labelling regulations. Existing
distribution in the UK and Ireland has been augmented by a 3-year
exclusive distribution agreement covering Germany and Benelux, with
LabelLord, part of the NSD Group, leader in Food Safety labels. We
expect to open new channels to market across Southern Europe in the
coming months.

+ Recent efforts to develop the technology for custom applications in
this market have yielded a new order from Daymark for a 7-day
FoodService Timestrip that will be launched in North America in
October. We expect the range of products to expand further in response
to customer feedback and market trends.

* Food Retailing

*
+ We are now working in partnership with plastic closure, carton and tray
manufacturers as well as labelling companies, in order to develop
systems for integrating the Timestrip into the packaging of food
products. The Lifetime Cap(tm) project with Crown Zeller (announced in
April 2005) is progressing well with further product development
underway. Encouraging feedback has been received from a number of
international brand owners in the food and beverage sector.

+ Ocado (one of the UK's leading online grocers) has reported positively
on early sales of Timestrip multipacks since their introduction in May
2005. Demonstrable retail success is creating a platform to take the
proposition of a stand alone retail pack to other retailers both in the
UK and abroad. We are also pursuing options for co-branding the retail
pack with established brand names, as an alternative route to retail
shelves.

* Non-Food/Consumables

*
+ In the last three months we have experienced a significant increase in
interest from a wide range of non-food companies that wish to
communicate the useful life of their products more effectively to
consumers.

+ Joint Development projects have produced customised Timestrips that are
now undergoing performance testing with a number of companies. We will
report progress on these projects as soon as confidentiality
restrictions are lifted and supply contracts are secured.

+ In the Admission Document of 2nd February reference was made to an
order for tooling that had been received from a customer. This project
has now yielded working prototypes of a household product with
near-universal usage that contain fully integrated Timestrips. Consumer
testing and focus groups will commence in the coming weeks.

* Pharmaceuticals

*
+ A Joint Development project was recently started with Pfizer who are
interested in using the Timestrip technology to more effectively
communicate the lifetime of products once they have been opened.

+ We maintain an excellent relationship with Bayer who are currently
testing a new batch of Timestrips that have been developed to meet
their specific requirements.

* Medical Devices

*
+ We have recently entered into a confidential Joint Development project
to integrate the Timestrip technology into a medical device used in
hospitals, and hope to report progress in the near future.

* Cosmetics/Personal Care Products

*
+ This is a very exciting new category with the recent introduction of EU
labelling regulations which require the addition of a "Period After
Opening" instruction on all cosmetic products which have a shelf-life
of over 3 years. For example, mascara now carries an instruction to use
within six months of opening.

+ We have already been approached by two leading cosmetic/personal care
brands interested in the potential use of Timestrips and look forward
to reporting progress in this sector in the future.

Financial

The interim results include the results of Timestrip UK Limited from the date
of acquisition on 25 February 2005. Turnover in the period since the
acquisition amounted to #50,283 (2004 : #nil). Pre-tax loss including research
and development and re-listing costs amounted to #378,786 (2004 : profit - #
2,940). Costs attributable to the re-listing of Timestrip plc amounted to #
27,004. Research and development ("R&D") costs including subcontracted R&D
costs in the period since acquisition amounted to #100,338. Loss per share
0.02p (2004 : profit per share - 0.009p).

Staff

In line with strategy, we have strengthened our R&D team with the appointment
of a chemical and a mechanical engineer. These appointments will play a key
role in strengthening our current production systems as well as developing our
future capabilities as we make rapid progress in commercialising our
technology. In addition, we have recruited a Business Development Director to
consolidate and build upon our strategic partnerships with packaging companies
as well as introduce new customers to the technology. We now have in place a
dedicated team of professionals who are committed to driving forward the
Timestrip business.

Strategy

Our manufacturing process and prevailing market dynamics lend themselves to a
strategy under which Timestrip will license the rights to manufacture and
distribute in local markets to customers, joint venture partners and
distributors. The implementation of this strategy requires a level of in-house
production in order to seed markets in the early stages and new production
machinery has recently increased our production capacity to levels that will
enable us to satisfy initial contracts. Royalty revenues will be enhanced
through the supply of key raw materials and technical support to licensees.

We stipulate the use of our registered trademark on all Timestrip products, and
there has been, to date, no objection to this policy from even the largest of
international brand owners. It is our belief that the exposure to be gained by
Timestrip within the marketing campaigns of leading brands will lead to the
creation, over time, of an internationally recognised brand of significant
value.

Competition

It is anticipated that the commercialisation of Timestrip will stimulate
competition at some point in the future, but we are not aware at this time of
any direct competition to our technology. Our first patent has now been granted
in Europe and South Africa and is pending review in all other territories. It
is our intention to continue building an Intellectual Property portfolio to
protect the technology as it evolves.

Outlook

We are making very good progress in all relevant market sectors, which we
believe will translate into significant revenue generation in the future,
building substantial value for our shareholders. Timestrip smart labels are now
perceived to be a highly desirable packaging innovation for companies wishing
either to differentiate their products in competitive markets or improve their
compliance with new labelling regulations. There is clear evidence that the
communication to consumers of a product's life has become a high priority with
a wide range of brands. The widespread adoption of the Timestrip technology
will not happen overnight but we expect momentum to build in the coming months
in relation to this exciting and innovative technology.

Paul Freedman Reuben Isbitsky
Joint Chief Executive Officer Joint Chief Executive Officer
23rd September 2005 23rd September 2005

Bought some in June for 3.1p so I am pretty happy now! Did not see any point in watching them like Tom Bulford suggested so I took the plunge.

TB is still watching as he feels that TIME are frustrated at the speed in which its joint venture partners move. He does say that they have enough cash in the bank to last til the end of 2006.

Must admit that I personally think their product is a little gimmicky but if it makes me money I could not care less!

someuwin, good thread. been watching these for a few weeks. i thought the trial with nestle rns sounded very familiar to the seo/asda trial rns. still watching, not quite sure yet. well done qc.

Good choice qc.

Don't forget that with a market cap of only 19 Million there's a lot of upward potential here!

I bought some a couple of weeks aback when Bos pointed them out - have a small speculative stake at the moment

baza

Yes bhunt, I forgot it was bosley who brought these up on the SEO thread.

Cheers for that bos:-)

??perhaps we should use this thread to discuss SEO sensibly whilst everyone else plays silly buggers on the SEO thread - it is totally out of control at the moment - and I refuse to use it until it starts to get back to some kind of normality.

Sorry - did not want to take over your thread - but very frustrated with what is happening on the other thread.

Baza

The same old faces again?

We certainly all seem to like the same type of shares.....

doing well today. bought this morning.

Great day unlike most of my other holdings!

Yep - up 14.5% on no news. Imagine whats going to happen when the news really starts to flow!

Its up because people like us are buying in ???

Baza

not ideal news the day after you buy.




11 October 2005



Timestrip plc

(`Timestrip' or the `Company')



Placing to raise 2.4 million



The Board of Timestrip plc is pleased to announce today that it has
successfully completed a Placing of 40 million Ordinary shares of 0.02p per
share at 6p per share to raise 2.4 million. The Placing was with 5
institutional and professional investors, including HealthCor Management, a US
based investment management company, focused principally on global healthcare
and life sciences.



The placing price of 6p represents a 22.5% discount to the closing price of
7.75p on Friday 7th October and compares to an average closing price of 6.23p
over the last 21 trading days to that same date.



These new funds complete the Company's funding requirements outlined at the
time of its introduction to AIM via a reverse take over and will underpin the
Company's R&D and development work for the foreseeable future as it makes rapid
progress in commercialising its patented smart label technology.



Paul Freedman, Timestrip's joint CEO commented:



'I am delighted with the progress we have made to date in our key international
markets as well as the continued from support new and established investors. We
now look forward to driving forward our commercialisation strategy.'

The new Ordinary shares will, when issued, rank pari passu with the existing
Ordinary shares in issue and application will be made for these shares to be
admitted to trading on AIM.



For further information:



Paul Freedman, Joint CEO, Timestrip plc 01462 440 700

Roland Cornish, Beaumont Cornish Limited 0207 628 3396



Shane Dolan, Biddicks
0207 448 1000

Ah well, at least that's out of the way now!

I think the SP held up quite well today and hopefully we'll now be in a better position to move higher in the short term in anticipation of more good news.

Personally after previous experiences expect this to move back towards placement
price in the near term, excellent prospects but will not buy in until 6p is achieved...

I have sold outat a small profit - thanks to Bos for bringing it to my attention - I agree with Adie - that this will probably drift back to 6p before moving forward again

Baza

TB has kept TIME on his watch list for the time being.

Never thought of this when I read the RNS but one of the investors in the new shares was HealthCor Management and he is of the opinion that they will be very interested on the basis that TIME's technology could be used in the pharmaceuticals and drug market which they obviously have an interest in.

Very interesting :-)

like adie and baza, i thought this might move closer to the placing price today. encouraging that it didn't.

Seems to be holding up well, encouraged but still on my watch list rather than buy at present, good luck to current holders...

Moving up again today - looking good:-)