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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quiktrak | LSE:QTR | London | Ordinary Share | GB0031988057 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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 TSTILFFVEEIIFIS
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