Technology Breakthrough

FOR IMMEDIATE RELEASE 9 February 2006

                 TIMESTRIP PLC ('Timestrip' or the 'Company')                  

              Timestrip technology achieves one year breakthrough              

Timestrip Plc, which develops and markets a unique label technology for
accurately measuring elapsed time, is delighted to announce that it has
developed a Timestrip smart label that is capable of monitoring elapsed time
for up to one year.

This achievement, which surpasses the current six month capability, is the
result of extensive research and development and enables the Company to reach
an even wider customer base. New potential customers include manufacturers of
cosmetic and personal care products which, under EU legislation, have a one
year life once opened.

Timestrip has already received an order from Labellord, a European distributor,
who will launch a freezer version of the product later this year.

Reuben Isbitsky, co-Founder and Joint CEO of Timestrip Plc commented:

'Today's announcement is significant for our business as we can now offer our
products into new mass markets. The Cosmetic and personal care markets present
substantial opportunities for the group as does the frozen food sector. Our
technology now has the real potential to communicate Sell by and Use dates on
food products, in addition to the shorter elapsed time requirements of 'once
opened' dates.'

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

Notes about Timestrip Plc

Timestrip plc has developed an inexpensive and versatile technology for
accurately measuring elapsed 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

* Cosmetics

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.