23rd Jun 2009 07:00
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:
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Lo-Q plc |
Jeff McManus, Chairman |
Tel: 01491 577 210 |
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Arbuthnot Securities Limited |
John Prior/Ed Burbidge |
Tel: 020 7012 2000 |
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Walbrook PR Ltd |
Tel: 020 7933 8780 |
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Mob: 07980 541 893 |
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|
Paul McManus |
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|
Ben Knowles |
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