QTR Quiktrak

RNS Number:9127Y
QuikTrak Networks PLC
20 May 2004

                              Trading Update


London, 20 May 2004 - The Directors of QuikTrak Networks plc have decided to
suspend operations of the UK Phase I network and refocus the Company's business
activities in the light of continued delays in achieving sufficient sales of its
products in the context of  the substantial operating costs being incurred.  A
particular factor is the level of fees being paid for the national UK
telecommunications licences.


Accordingly, it is proposed to concentrate efforts on:


1.  Securing a strategic investor to enhance the Company's commercial
capabilities, a strategy previously announced and presently being undertaken by
Regent Associates, a corporate finance company specialising in the
telecommunications sector.  Operation of the network will then recommence and be
expanded to nationwide coverage;


and



2.  Continuing to explore the opportunity to develop a QuikTrak network in the
Netherlands where the company has already been granted telecommunications
licences, operating costs are substantially lower than the UK and where initial
customers have been identified.



QuikTrak Networks plc owns the intellectual property in Europe, countries of the
former USSR and the Middle East.  The Directors of the Company will continue to
explore all commercial opportunities in these areas.


                                    - ends -



For further information:
Chris Kyriakou/Annie Richards
QuikTrak Networks plc
T: +44 870 010 6044


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

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