RNS Number:6634O
QuikTrak Networks PLC
14 August 2003

14 August 2003


                              QuikTrak Networks plc

                         ("QuikTrak" or "The Company")

                       Dealings Commence 14th August 2003

QuikTrak Networks plc (Ticker: "QTR"), operator of a secure tracking and data
messaging network, previously admitted for trading on OFEX, announced today that
dealings in the Company's Ordinary Shares have started on AIM at 36.5p valuing
QuikTrak at around #17.2 million.  Nabarro Wells is nominated advisor to the
admission.


The move to AIM follows an equity placement on the 13th August, which was fully
subscribed and whereby the Company raised #690,000 through placing 2,000,000 new
ordinary 1p shares with six private and institutional investors at 34.5p per
share.  The funds have been raised to provide the Company with additional
working capital.  The total number of shares in issue is now 47,129,727.


QuikTrak is a telecommunications business that specialises in secure, reliable
and low cost  location, real-time tracking and mobile data communications.  The
Company provides solutions for locating and tracking vehicles, people and mobile
assets and has a terrestrial positioning network based on patented technology.


QuikTrak is able to locate objects or people that may be hidden from view,
unlike GPS-GSM systems, it is almost impossible to jam and does not require '
line-of-sight.  This difference not only makes QuikTrak more effective and more
secure than existing tracking technologies but the system provides a lower cost
alternative to other tracking solutions available in the market.


The potential applications for the technology are diverse, but currently
QuikTrak is focussing on a number of key areas including:


Lone Worker Protection - tracking of individuals who work alone such as
emergency services workers.  The QuikTrak technology is to be trialled by a
number of UK police forces, local councils, service organisations and Primary
Health Care Trusts.


Commercial Fleet and Personnel Management - tracking of commercial vehicles such
as courier or freight companies.  In this market the QuikTrak technology is
currently being trialled by companies such as a leading London-based courier
company and utility and services organisations.


Security Systems - such as asset security (for example cars, motorbikes, plant
and equipment) and alarm systems.  In this market QuikTrak is currently being
trialled by a number of high profile companies.


QuikTrak earns revenue from the sale of the tracking/messaging device.  Ongoing
revenue is then secured by charging a recurring annual connection fee and for '
airtime usage.'   The business model aims to partner with service providers in
specific sectors rather than seek to sell directly into the sector.  For
example, in car security rather than act as a competitor to Toad or Tracker, the
Company would seek to sell connections to the QuikTrak network through them.


David Harris-Evans, Managing Director of QuikTrak, commented:


"We are delighted to be admitted to AIM and we believe this will raise the
profile of QuikTrak within its markets.  This in turn provides the Company with
the perfect launch pad from which to aggressively grow its business.  There is
an enormous opportunity in the tracking market across the UK and Europe and I
believe that QuikTrak have the only reliable, secure and cost-effective
technology available today."



For further information:


David Harris Evans, Managing Director

QuikTrak

0870 010 6044


Annie Richards, Corporate Communications

QuikTrak Networks plc

0870 010 6044


James Chandler/Nick Lambert

Beattie Financial

020 7398 3300


Jonathan Naess/Hugh Oram

Nabarro Wells & Co

020 7710 7400


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