Trakm8 Hldgs Regulatory News (TRAK)

21 December 2010

TRAKM8 HOLDINGS PLC

("Trakm8" or "the Group")

Interim Results

Trakm8, a provider to the global telematics market place, is pleased to announce its unaudited results for the six months ended 30 September 2010:

Highlights

·; Gross profit margin increased by 1.3% on equivalent period last year

·; EBITDA of £0.30m and profit before tax of £0.16m

·; Net cash of £0.40m at the period end

·; Acquisition of Telematics assets from Vincotech

Dawson Buck, Chairman, said "These results confirm a continuation of growth in profits and at the same time we are successfully broadening the range and quality of our customer base. We continue to be optimistic about our future prospects."

For further information, please visit www.trakm8.com or contact:

Chairman's Statement

The first six months of this financial year have continued the positive trends established last year.

Revenues in the period increased to £1.72m (2009: £1.71m) and although this a relatively modest increase, it marks the return to revenue growth. We have continued to focus on higher margin products and customers which has resulted in an increase in profit before tax to £0.16m (2009: profit £0.10m).

The acquisition of the Vincotech telematics products on 23 September 2010 has expanded the portfolio of hardware options and brought several new customers to the Company.

Operational Review

During the period the Group started to deliver units as part of the St Gobain contract (announced in June 2010) together with substantial bespoke system development work. There has also been a continued expansion of the customer base as a greater emphasis on marketing which has started to produce benefits.

Trakm8 has continued to make good progress in increasing the number of units in service operating on the Trakm8 Swift platform. The trend of increasing the recurring revenues from the installed base has been most positive. At the end of the period the monthly recurring revenue was 57% of the operating costs of the business up from 43% at the end of September 2009. This is the bedrock of securing the long term profitability of the Group.

Trakm8 has also broadened the range and quality of customers purchasing the hardware products only. Trakm8 is also capitalising on its' ability to provide engineering services alongside the products and this customer specific engineering provision is proving to be greatly appreciated.

The Group has continued to invest heavily in technology developments in server side solutions, onboard CANbus, emissions and fuel economy reporting and mapping software. Trakm8 has also made excellent progress on the development of the next generation hardware platform - the T8. The T8 has increased functionality enabling Trakm8 to provide solutions to the most demanding of applications. Considerable progress has also been made on the government funded projects. These projects are jointly funded and have applications that benefit the long term product portfolio of the Group.

Outlook

The Trakm8 Group is confident that the business is beginning to deliver the potential of the excellent people, products and services within the business. The increased product portfolio from both the Vincotech product line and the new Trakm8 T8 provides an excellent basis for expansion both geographically and in complexity of solutions.

Innovative developments in new cost effective server side applications will be launched over the coming months and much is expected of these.

Recent order entry and increase in the pipeline for both large and small customers gives confidence that revenues and profits will continue to increase. Trakm8 is also well positioned to benefit from the demand for increasingly complex fleet management solutions.

Dawson Buck

Chairman

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

for the six months to 30 September 2010

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the six months to 30 September 2010

CONSOLIDATED BALANCE SHEET

as at 30 September 2010

CONSOLIDATED CASH FLOW STATEMENT

for the six months to 30 September 2010

Notes to the financial information (unaudited)

1. The financial information contained in this interim statement has not been audited or reviewed by the Company's auditor and does not constitute statutory accounts as defined Section 434 of the Companies Act 2006. The Directors approved and authorised this interim statement on 19 December 2010. The financial information for the preceding full year is extracted from the statutory accounts for the financial year ended 31 March 2010. Those accounts, upon which the auditor issued an unqualified opinion and did not include a statement under Section 498(2) or (3), have been delivered to the Registrar of Companies.

2. Trakm8 Holdings PLC is a public limited company incorporated in the United Kingdom under the Companies Act 2006. The Company is domiciled in the United Kingdom and its ordinary shares are traded on AIM, the market operated by the London Stock Exchange plc.

3. As permitted this Interim Report has been prepared in accordance with UK AIM Rules for Companies and not in accordance with IAS 34 "Interim Financial Reporting" and therefore is not fully in compliance with IFRS. The Interim results have been prepared in a manner consistent with the accounting policies set out in the statutory accounts for the financial year ending 31 March 2010.

4. Profit per ordinary share attributable to the owners of the parent

Weighted average number of ordinary shares in issue

5. Reconciliation of cash flows from operating activities:

6. Copies of the report are available at the Companies website www.trakm8.com and also from the registered office of Trakm8 Holdings PLC. The address of the registered office is: Lydden House, Wincombe Business Park, Shaftesbury, Dorset SP7 9QJ.