RNS Number:6835B
Trakm8 Holdings PLC
07 August 2007

7 August 2007


                              TRAKM8 HOLDINGS PLC
                          ("Trakm8" or "the Company")

                    Acquisition of PJ Soft s.r.o. ("PJ Soft")

Trakm8 today announces the acquisition of the entire issued share capital of the
Czech Republic registered entity PJ Soft s.r.o. from its two shareholders 
("the Vendors"). PJ Soft is a software research and development company 
specialising in the provision of cartographic mapping application software and 
is based in Prague.

The total consideration for the acquisition, which completed today 
(the "Closing"), of PJ Soft comprises Euro535,000 (#360,269) in cash and 793,652 
new ordinary shares in Trakm8 giving an implied value of Euro 900,358 (#606,301), 
based on a Trakm8 mid market closing share price of 31.0p on 7 August 2007 and 
an exchange rate of #1 = Euro1.485 on 7 August 2007. The cash element is payable in
two stages: Euro385,000 (#259,259) immediately and Euro150,000 (#101,010) twelve 
months after Closing. The remainder of the consideration will be satisfied by 
the allotment and issue of 340,136 new ordinary shares in Trakm8 to the Vendors 
twelve months after Closing and by the allotment and issue of a further 453,516 
new ordinary shares twenty four months after Closing.

PJ Soft's unaudited profit and loss account for the 12 months ended 31 December 
2006 show a pre-tax profit for the period of CZK 973,000 (#23,800) on revenues 
of CZK 8,798,000 (#215,000). As at 31 December 2006 the unaudited balance sheet
net asset value of PJ Soft was CZK 2,881,000 (#71,000). PJ Soft's financial 
year runs from January to December in line with statutory compliance in the 
Czech Republic. The Company intends that PJ Soft's accounts will now be audited 
as part of Trakm8's group audit. Profit & Loss and Balance Sheet Sterling 
conversions are based on an exchange rate of #1 = CZK 40.85 as at 
31 December 2006.

Trakm8 currently licences geo-positioning software from PJ Soft which the 
Company uses for its own applications in the international vehicle tracking and 
vehicle security markets. In the financial year ended 31 March 2007, Trakm8 paid
licensing fees to PJ Soft of #11,200.

This acquisition brings in-house the remaining software Intellectual Property 
not owned by the Company. In addition, PJ Soft has developed advanced 
cartographic and geo-positioning software that the Company believes will allow 
it to considerably strengthen its current solutions portfolio. The Company also 
intends to develop new products utilising this advanced software.

PJ Soft's location in Prague has enabled Trakm8 to achieve a cost effective 
European presence while the addition of a strong software development team 
should lead to faster Research and Development programmes. The Company will be 
actively seeking to expand sales into geographic territories surrounding the 
Czech Republic and the acquisition will provide significant support to existing 
relationships with major partners in southern Germany.

Commenting on the acquisition, Cary Knapton, Trakm8's CEO, said, 
"The acquisition of PJ Soft brings additional intellectual property in-house. 
This will enable us to reduce costs but more importantly to develop new, market 
leading products thanks to the expertise of the PJ Soft team.  It also brings us
our first European office. We are delighted to welcome the company to the 
Trakm8 Group."

                                    - Ends -


For further information please contact:

Trakm8 plc                                                 0870 380 0531
Cary Knapton, Chief Executive Officer
Tim Couling, Finance Director

Tavistock Communications                                   020 7920 3150
Simon Hudson
Paul Youens

Arbuthnot Securities                                       020 7012 2000
Paul Vanstone


About Trakm8

Trakm8 is a leading provider of on-line telematics services, solutions and
related hardware. The Company provides ASP vehicle monitoring and tracking
services direct to the B2B market. It also distributes its own hardware and
software products worldwide through a network of distributors. Trakm8's products
and services enable vehicle assets to be monitored; allowing organisations to
manage deliveries and services, or track stolen vehicles down to five metres.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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