AGM Statement

RNS Number : 3141U

Lo-Q PLC

23 June 2009

 



23 June 2009

Lo-Q plc

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

AGM Statement

Lo-Q plc, the AIM listed provider of virtual queuing systems for theme parks and major attractions, will hold its Annual General Meeting at The Smith Centre, The Fairmile, Henley-on-Thames, Oxfordshire, RG9 6AB, today at 2.00pm. At the AGM Jeff McManus, Chairman, will give the following update on trading:

'Trading in the Company's existing parks to date has been variable with some days of higher total value than last year, whilst other days have been substantially below, partly due to most of the existing parks experiencing poorer weather conditions when compared to the previous year.

'One positive trend worth noting is that on days when visitor numbers have been high, sales of Lo-Q devices have been higher as a percentage of total visitors than usually expected.

'The Company is also pleased to note that the levels of trading in its 4 new parks using the Company's VQ2020 system have been encouraging. This system is a virtual queuing system using hand-held units called Q-bots and has been well received both by the park operators and guests alike.

'Whilst the main selling season has only just started, the Company expects its final revenues and profitability for the current financial year to be in line with market expectations.'

ENDS

Contacts:

Lo-Q plc	Jeff McManus, Chairman	Tel: [phone]
Arbuthnot Securities Limited	John Prior/Ed Burbidge	Tel: [phone]
Walbrook PR Ltd		Tel: [phone]
		Mob: [phone]
	Paul McManus	[e-mail]
	Ben Knowles	[e-mail]

 

END

 

 

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