TIME Time Finance Plc

    FOR IMMEDIATE RELEASE 16 September 2005

Timestrip Plc to conduct full-scale commercial trials of smart-label technology
                                  for Nestle                                   

Timestrip Plc which which markets an inexpensive and versatile label technology
for accurately measuring lapsed time is pleased to announce it has agreed
full-scale commercial trials with Nestle FoodservicesUK.

The commercial trial which is scheduled to start in Autumn 2005, will involve
the integration of a Timestrip smart label into the packaging of a branded
product within the Nestle range. Should these trials conclude successfully, the
company expects that Nestle FoodservicesUK will look to incorporate this
technology into other areas of its business.

Paul Freedman, Joint CEO of Timestrip Plc commented

'We are delighted to be working with Nestle. This is an opportunity to
demonstrate that our technology delivers brand differentiation in a crowded
market place while delivering a unique benefit to the end user. If successful
this will give us access to many areas of the Nestle business that could
potentially benefit from the integration of our technology."

Mike Carter, Innovations Manager, Nestle Foodservices UK commented:

"The adoption of Timestrip's smart-label technology is an exciting packaging
development that we are confident will deliver a meaningful point of
differentiation for our products by assisting restaurants and caterers to
manage their perishable foods with confidence and ease.  The integration of a
lapsed time indicator has been of great interest to Nestle Foodservices UK and
we are delighted to have partnered with Timestrip."

Timestrip's interim results for the six months ended 30th June 2005 are
expected to be announced on Friday September 23rd.

Enquiries:-

Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700

Shane Dolan, Biddicks 020 7448 1000

Roland Cornish/Felicity Geidt, Beaumont Cornish 020 7628 3393

Notes to editors

Timestrip plc has developed an inexpensive and versatile technology for
accurately measuring lapsed time. Timestrip's smart labels contain a liquid
which migrates across the label, enabling users of perishable food and other
products to monitor for how long an item has been open or in use. The
technology can be implemented as an external label or can be fully integrated
into products and product packaging.

The Timestrip technology is relevant to a wide range of food and non-food
products which, once opened, should be used or replaced within a recommended
time. Expiry dates feature prominently in the following mass markets, which
Timestrip actively targets:

  * Food Retailing
   
  * Catering and Food Services
   
  * Consumables
   
  * Pharmaceuticals
   
  * Medical Devices
   
Timestrip's main route to market is through supply and license agreements with
manufacturers and packaging companies who will integrate Timestrip labels into
their products or packaging.



END

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