QTR Quiktrak

RNS Number:1382A
QuikTrak Networks PLC
25 June 2004


                   UPDATE ON ACTIVITIES IN THE UAE AND KUWAIT
                         PLACING OF NEW ORDINARY SHARES

London, 25 June 2004 - Further to QuikTrak Networks plc's announcement on 17
June 2004, the Company is continuing to progress its strategy aimed at securing
licence agreements with QuikTrak Network prospective operators in its territory
(comprising Europe, the Middle East and countries of the former USSR).

The Company has been in ongoing commercial negotiations in the UAE over the past
eight months which have now led to an agreement with a major corporation based
in Abu Dhabi for the potential deployment of a QuikTrak Network in the region,
through a Technology Licence.

This process will initially involve the establishment of a local network
operating company by our UAE partner, the application by them for grant of a
Spectrum Licence for the region and preparation of the business plan to include
propagation studies to establish the number of base stations required for the
planned coverage area.  It is expected that the Company will be contracted to
assist in these tasks.  A third party will be contracted by the UAE partner to
provide roll-out services, whilst the Company expects to generate ongoing
revenue through its licence model and from the provision of technology support
services.

In addition to the UAE opportunity, the Company has entered into a Memorandum of
Understanding with a Kuwait based investment company, which has led to the
lodging by them of an application for a Spectrum Licence for that region. Both
parties expect the licence to be granted within one year, during which time the
parties will continue to negotiate terms for the Technology Licence.

Both opportunities demonstrate the market demand for QuikTrak's secure tracking
technology in the area of security related applications and the potential of the
revised strategy recently adopted by the Company.

In order to provide finance for these opportunities and further working capital,
the Company has received irrevocable commitments for #846,450 to be raised
through the issue of 56,430,004 new ordinary shares at a price of 1.5p per
share. This fund raising is subject to shareholders granting the Directors
authority to allot further shares on a non-preemptive basis at the previously
announced EGM to be held on 6 July 2004.  Application will be made for these
shares to be admitted to trading on AIM.

Guido van Alphen
Chief Executive Officer


For further information contact:

Annie Richards            QuikTrak Networks plc             Tel:  0870 010 6044
Hugh Oram                 Nabarro Wells & Co Ltd            Tel:  020 7710 7400



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