QTK Improving at Last.

For immediate release
ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE

Sydney, Australia, 30 August 2007 ¬ The Directors of QuikTrak Networks Limited
(ASX:QTK) (”QuikTrak”) are pleased to announce the results (Appendix 4E) for the
Full Year ended 30 June 2007.

Full Year Results to 30 June 2007 Highlights:

•Completion of manufacture and shipping of core network for deployment in Johannesburg, South Africa

•Net loss for the period down 81 % to 2.6 million after depreciation and amortisation

•Total R and D investment of $ 6.2 million delivering new generation transponder modems and 3G base stations for domestic and international deployment.

•Stock on Hand including newly engineered 3G base stations for
further overseas deployment as at 30thJune 2007 increased to $ 4.1 million

Directors Comments

The 2007 Financial Year has seen the Company focus on the ability to deploy its new
generation 3G Direct Sequence Spread Spectrum Telecommunication Networks within the
international marketplace. This required a significant ongoing investment in procurement
and production of the necessary equipment to allow the Company to capitalise on such an
opportunity when it came to the commercial implementation and execution phase.

The combined efforts of our very dedicated team of specialists within the QuikTrak Group
has enabled the Company to be granted spectrum allocation within the Republic of South
Africa and complete its development and production of the required Network Infrastructure
to obtain the necessary regulatory approvals to build a full commercial Network.

This represents a major security infrastructure project in one of the most commercially
important security markets in the world, and its finalization will be a turning point in terms
of the Company being able to generate significant international revenue and begin to leverage the R&D investments it has made to date.

Deployment of the Johannesburg Network is now in its final stages and implementation of this will be of landmark importance, as it marks the beginning of a new era in the Company’s commercial evolution.

QuikTrak has also embarked on a strategy of seeking the granting of spectrum allocation
in other countries it has been working in, including the Peoples Republic of China, at a similar frequency range to that granted within the RSA, which will bring leveraged future cost savings in the production of both network infrastructure and modems.

During the 2007 year, the Company appointed Mr. Graham Matthews as CEO, who is highly focussed on developing sales growth within the Australian market in both the commercial and government sectors. Mr. Matthews brings with him a wealth of experience in relation to crime prevention and will be seeking to optimise the way the Company markets its new range of innovative security solutions.

The coming year should see a substantial change in the way the Company is able to generate its revenue and see the focus shift from development to commercial production and sales generation.




	
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