Trading Statement

ITIS Holdings PLC
16 November 2005

16 November 2005

                               ITIS HOLDINGS plc
                               TRADING STATEMENT


ITIS Holdings plc ('ITIS' or the 'Company') will be announcing its interim
results for the six months ended 30th September 2005 on Thursday 24th November
2005.


ITIS remains in exclusive negotiations with the Missouri Department of
Transportation to deploy its Cellular Floating Vehicle Data ('CFVD') throughout
the State of Missouri. Negotiations towards execution of a definitive contract
are progressing but the timing for delivering some of the milestones associated
with providing the required traffic information, is such that the Company
believes it is unlikely that any revenues will be generated in the current
financial year.


The Board has revised its expectations for the full year ending 31st March 2006
and now anticipates that profit before tax will be reduced by £1.2m relating to
the shortfall in CFVD revenues generated in the United States. Due to
commitments with other customers and prospects and the ongoing development of
CFVD, the costs associated with CFVD in this financial year remain unchanged.


We are pleased to report that even as the business expands internationally, the
UK business continues to perform in line with market forecasts and is indeed
better than expected in some areas. The Company continues to be cash generative
and operate profitably on a monthly basis.  We continue to have high levels of
interest globally in CFVD and are encouraged by the ongoing success of our
deployment in Belgium. The Board remains confident that the Company's blend of
technology and applications will provide a solid platform for continued strong
growth.


Enquiries:

                                                  
ITIS Holdings                                       0161 929 5788
Stuart Marks, Chief Executive
Andrew Forrest, Finance Director


Citigate Dewe Rogerson                              020 7638 9571
Ginny Pulbrook / Ged Brumby



Notes to Editors:


ITIS Holdings plc, listed on Aim, is the UK's leading provider of traffic
information and vehicle security services.



ITIS has invested in the development of a unique system for the collection and
analysis of traffic information; it combines information from Trafficlink
control centres with ITIS Historic and real-time Floating Vehicle Data (FVD) to
provide Journey time forecasts and real-time updates. ITIS now operates the
largest commercial application of FVD anywhere in the world, and delivers the
content over a variety of platforms including RDS-TMC (Alert C), digital radio
and automated telephone services (IVR) under the AA Roadwatch brand.



Through its NavTrak business (www.navtrak.com), ITIS has developed a unique and
innovative stolen vehicle tracking service delivered via GPS/GSM technology,
which offers theft alerts, vehicle tracking and police liaison throughout
Europe.



•         Detection of theft - even when owner's keys have been taken.
(Automatic Driver Recognition - ADR)

•         Automatic GPS tracking of stolen vehicles (Stolen Vehicle Recovery)

•         Theft alerts, GPS tracking and police liaison covering 20 European
countries (EUROWATCH)

•         Instantaneous position report to any mobile phone (AutoTrak)

•         Mileage reports to show trips and cumulative distances travelled
(Journey Diary)



For further information on the Company please visit our website at
www.itisholdings.com or www.navtrak.com




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