Acquisition

Lo-Q PLC 14 November 2007 ACQUISITION OF TEXT-Q RESERVATIONS SYSTEM Lo-Q plc ('Lo-Q' or the 'Company') today announces that it has finalised agreement with Avius Experience Ltd ('Avius') for the purchase of its Text-Q system, thereby expanding the range of reservation solutions the Company can offer to the leisure industry. Text-Q allows mobile phone users to reserve a place in line for participating attractions which have typically one or a small number of queues. Users pay a fee to avoid standing in a queue line, generating additional revenue for the attraction. Text-Q is in use in the London Dungeon and three other European venues and Lo-Q will be marketing the solution world-wide. Lo-Q plans to further enhance Text-Q, with the anticipation of further new and innovative products to be marketed by Lo-Q. The consideration to Avius, a proportion of which is deferred subject to certain conditions being satisfied, is to be satisfied through cash, the issue of Lo-Q shares and options over Lo-Q shares. As part of this, 125,000 new ordinary shares in the Company have been issued. Application has been made to the London Stock Exchange for these new ordinary shares to be admitted to trading on AIM which is expected to occur on Wednesday 21st November 2007. Lo-Q's Managing Director, Leonard Sim, said: 'These arrangements with Text-Q allow us to bring the benefits of virtual queuing to visitors of smaller attractions, where there are only a few queues, perhaps only one line. We look forward to further benefit from our relationship with Avius in the future. Lo-Q is the world's leading supplier of virtual queuing technology to the theme park industry, and our flagship product, the VQ2020 line management system is in use in a number of Six Flags parks as well as in Dollywood.' Jeff McManus 01491 577 210 Lo-Q Plc John Prior/Phillip Young 020 7012 2000 Arbuthnot Securities Limited This information is provided by RNS The company news service from the London Stock Exchange
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