Lo-Q PLC
28 January 2008
Lo-Q plc ('Lo-Q' or the 'Company')
Trading Update
Following its year end on 31 December 2007, Lo-Q is pleased to provide the
following update to the market.
The Company installed the new VQ2020 guest queuing system into three theme parks
during the spring of last year, including Dollywood, and the systems worked
successfully during the whole season in their new operating environments.
As announced earlier this month, the extension of our agreement with Six Flags
Inc provides for installation of the VQ2020 system into four more of the
existing parks, as well as into a new park, Six Flags Fiesta Texas, for the 2008
operating season. Should the new system be successfully installed into these
parks, this will result in all but one of the 8 Six Flags parks using the VQ2020
system.
The enhanced technology and functionality of the VQ2020 system results in it
being a more attractive product to theme park guests and we expect to derive
increased revenues from it compared to its predecessor.
The Company will look to increase the marketing of its products during the
coming year, with the aim of winning additional theme park operators as
customers, and expanding the number of operators adopting the Text-Q system,
which was acquired by the Company in November 2007.
The Company anticipates reporting a pre-tax profit for the year ended 31
December 2007 marginally in excess of £500,000, an increase of at least 46 per
cent. on the normalised pre-tax profit for the prior year. Cash balances at 31
December 07 are estimated at £620,000.
The Company will announce its results for the year ending 31 December 2007, the
week commencing 14 April.
END
Jeff McManus
Lo-Q plc 01491 577 210
John Prior
Arbuthnot Securities Limited 0207 012 2000
This information is provided by RNS
The company news service from the London Stock Exchange
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