Trading Update

RNS Number : 1152M

Lo-Q PLC

23 January 2009

 



Lo-Q plc ('Lo-Q' or the 'Company')

Trading update

Following the end of its financial year to 31 December 2008, Lo-Q is pleased to give the following trading update to the market.

The Company expects trading to be in line with guidance given to the market on 21st November 2008, which was the second time during the second half of 2008 that the Company announced that its trading was significantly ahead of market expectations.

The Company enters the New Year with agreements signed with 3 further parks to use its patented VQ2020 system than this time last year, bringing the total number of parks using the VQ2020 system to 13. 

Lo-Q is looking to add further parks to its portfolio during the year, some of which it is hoped will be added before the start of the main trading season for theme parks located in the northern hemisphere.

Particularly pleasing in 2008, was the response to Q-bots at Legoland Windsor, demonstrating that there is appetite for Q-bots outside of North America. Furthermore, early indications are that the trial of the VQ2020 system in Dreamworld, Australia is progressing well.

The Company expects to announce its preliminary results for the year ended 31 December 2008 in the week commencing 6th April 2009. 

Jeff McManus, Chairman of Lo-Q, commented:

'We are very pleased with our performance for 2008. We enter 2009 with the agreement with our major customer extended to Dec 2012, 3 new parks signed up to use our VQ2020 system during the course of this year, and some interesting discussions with existing and new customers in regard to adding further theme parks to our portfolio. 

Whilst actual trading for the current financial year will be governed by people's willingness to continue to visit theme parks, the Company enters 2009 with confidence.'

Enquiries:

Jeff McManus, Chairman, Lo-Q plc:	01491 577 210
John Prior/Ed Burbidge, Arbuthnot Securities Limited:	0207 012 2000

 

END

 

 

MSCCKBKKABKDADB