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Hmmmm......this could really be a turnaround story for QTK. Two big contracts in such a short period of time. Very impressive deal with the Chinese government to sell and monitor 3.5 million transponders and very likely to expand from that. Does anyone know what the annual monitoring fee is?

Looks like Europe will be next on the radar and then maybe followed in the USA? I can see a growing demand for their monitoring services. First by governments with the increase need for security, then insurance companies, banks and then followed by car manufactures. Looks like Mark Pallister is on the right track here. One more big contract like China and they'll be set to conquer the world. I might take a punt at this...... http://www.sharescene.com/html/emoticons/lmaosmiley.gif


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Stoss69, to answer your question.......


"The company sells the transponders and charges customers an annual monitoring fee."


So yes, more contracts will result in more one off revenues followed by recuring revenues from monitoring the system. Once they have the system set up, I'm sure there will also be recuring revenues from system upgrades, both hardware and software adding extra features to the system, and supporting the system in place.

As I said in my previous post, the question is NOT if they will have recuring revenues but how much these revenues will be?


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In reply to: iamtheflea on Wednesday 02/11/05 03:01pm

Anothe article in The Age. Two days in a row.


Relisted QuikTrak on song



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By Ian Porter

November 4, 2005


REJUVENATED technology company QuikTrak Networks has received an important vote of confidence through a placement to leading stock picker Thorney Investments.


QuikTrak, which was relisted in August after being brought out of administration, will issue $4 million worth of new shares to Thorney at 35ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ each.


Thorney has also acquired an option to buy a further $2 million worth of shares at 35ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ each exercisable in November 2007.


QuikTrak shares yesterday eased 1ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ to close at 39.5ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢.


The initial placement will represent 3.2 per cent of QuikTrak's capital, most of which is still in escrow.


The 50 per cent stake of managing director Mark Pallister, and those of other directors, is in escrow until June.


QuikTrak chairman Andrew Unterweger yesterday said the $4 million raised would be used to fund the high-volume manufacture of radio base stations. These were at the heart of the QuikTrak networks and modems.


QuikTrak was in an advanced state of negotiations in several countries over the potential establishment of new networks, he said.


In the past two months, QuikTrak has announced a major contract to establish a network in Beijing before the Olympics in 2008 and a smaller contract to establish a network in Lebanon.


Dr Unterweger said the Lebanese network would be used by security companies to monitor customers' houses. Directors were planning to develop house monitoring in all markets.


He said the company was about to take delivery of 500 modems designed specifically for house monitoring.


Thorney, a member of Richard Pratt's packaging group, has a record of selecting emerging companies, many before they have posted their first profit.


"We are impressed with the way the new management and the board of QuikTrak have reorganised and re-energised the company and positioned (it) for major international expansion," Thorney executive chairman Alex Waislitz said.

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In reply to: aceisme on Friday 04/11/05 09:30am

Some stocks seem to enter a growth spurt phase whereby it's uneconomical to be not holding.Everything about QTK's immediate situation , imho, places QTK in this catagory.


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