Trading Statement

Orad Hi-Tec Systems
20 February 2004


Trading Update


The Board of Orad Hi-Tec Systems Limited ('Orad' or 'the Company') intends to
issue final results for 2003 and for the fourth quarter of 2003 on 29 March
2004.  In advance of these results, Orad is now able to give shareholders an
update on trading performance for this period.


Turnover has grown in 2003 and is expected to be around $15.3m (2002: $14.5m).
This figure does not take account of a major project for the Hong Kong Jockey
Club which the Company had hoped to be able to book in 2003.  However, delays
resulting from the SARS epidemic in final implementation of the Jockey Club
system mean that the acceptance testing has slipped into 2004.  To date the
system has been used at several major race meetings in Hong Kong and we hope to
receive final acceptance during the first half of 2004.  We expect to be able to
book $3m of sales for this project and consequently for it to make a major
contribution to operating results in 2004.


Prospects for 2004 in other respects reflect the improving business climate in
the broadcasting sector and we continue to expect to show good growth and
improved performance in 2004.




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