Trading Statement

RNS Number:8678K
ITIS Holdings PLC
11 April 2005


11th April 2005

                               ITIS HOLDINGS PLC
                           ("ITIS" or "the company")

                                 TRADING UPDATE


ITIS Holdings plc, a leading road traffic information and data specialist, today
announces a trading update for the financial year ended 31st March 2005.



ITIS  is very pleased to announce that it has traded profitably at Group level
in the second half of the financial year even after charging all development
costs (including those associated with Estimotion). This will clearly have a
beneficial impact on the full year results to 31st March 2005, which will be
somewhat ahead of market expectations.



ITIS dominates the RDS-TMC market providing real time traffic information to
sixteen manufacturers who have standardised this service on their satellite
navigation platforms. We fully expect to maintain our dominant position by
continuing to offer the only national high quality service. ITIS has focussed
entirely on the development of content and does not sell hardware navigation
systems to compete with the PDA and aftermarket manufacturers, enabling us to
work closely with them in this fast growing market.  We will report more fully
on our relationships in this market as part of our year end report.



We continue to be very pleased with the progress of our Estimotion technology
which we now call Cellular Floating Vehicle Data ("CFVD"). CFVD uses a low cost
and patented technology to provide a unique system for measuring traffic flow
based on anonymously sampling the position of mobile phones. Our deployments in
Baltimore (USA) and Antwerp (Belgium) are now producing results on par with the
established service in Israel whilst the system in Scotland will be deployed
next month. Of particular importance is the experience we have gained from
working with three new major mobile networks, as previously CFVD had only been
deployed using one network in Israel.  Now that we have real time data from four
countries to show potential customers, we can now move quickly to capitalise on
the significant interest which has developed since we acquired Estimotion and to
exploit the international potential that CFVD has.



NavTrak has had an excellent year and our strategy of working directly with
vehicle manufacturers to install units in the factory has enabled us to leverage
our relationships in general with the automotive industry and to minimise the
administration and marketing associated with selling tracking devices in the
aftermarket environment.  Recently NavTrak gained Thatcham Category 5
accreditation which is the new insurance standard for Stolen Vehicle Tracking
systems.



Stuart Marks, Chief Executive, said: "We are very encouraged by the growth and
progress of the business and in particular our financial performance, which is a
reflection of rising demand for all of our services and tight cost control.  We
are confident that we will continue to consolidate and grow our position in the
UK whilst using CFVD to embark on a controlled expansion into new markets
overseas."




Enquiries

Citigate Dewe Rogerson
Ginny Pulbrook / Ged Brumby                          020 7638 9571


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            The company news service from the London Stock Exchange
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