Last checked at 27 Apr 2010 07:01
27 April 2010
Lo-Q plc
("Lo-Q" or the "Company")
AGM Statement
Lo-Q, the AIM listed provider of virtual queuing systems for theme parks and major attractions announces that it will hold its AGM today at 3pm, during which Jeff McManus, Chairman of the Company, will make the following statement:
"All parks in which Lo-Q is involved have seen a positive start to this year's selling season with the normal variability between the various locations across the world. Trade has been very encouraging in the European parks, and, all in all, revenue to date is above the level experienced last year.
"One factor that has helped improve our sales position is the substantial uptake of the new platinum Q-bot which is our new premium product and has been well received in all parks in which it is sold.
"The Company is in active discussions with a number of theme park operators and is hopeful of adding to its portfolio or parks during the course of the financial year. In a separate statement released this morning we announced that another park within the Six Flags group of theme parks signed an agreement to install our virtual queuing system. This means that our Q-bot system will be used in 11 Six Flags parks and in total 15 theme parks around the world now employ our system.
"Whilst the company has made a great start to the year, we have to caution that our main trading season is yet to commence, and that one swallow doesn't make a summer."
Contacts:
| Lo-Q plc | Jeff McManus, Chairman | Tel: 01491 577 210 |
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| Arbuthnot Securities Limited | John Prior Ed Gay | Tel: 020 7012 2000 |
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| Walbrook PR Ltd |
| Tel: 020 7933 8780 |
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| Paul McManus | Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com |
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| Ben Knowles | Mob: 07900 346 978 ben.knowles@walbrookpr.com |