Interim Results

Lo-Q PLC
24 August 2007


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

         Unaudited Interim Results for the six months ending 30 June 2007


Chairman's Statement

Although the year started quietly for our Company on the trading front, behind
the scenes we were busy installing three new parks. The R&D department were very
busy finishing off the code for the new VQ2020 system and procurement were busy
getting the components, including the newly designed 2020 Q-bot, so that the
systems installation team could complete their work for the opening at the
beginning of each park's season.

The Q-bot rental income generated in March and April was at a slow and variable
rate, at about the same level as last year, as we were affected by bad weather
during this period of weekend opening. However trading picked up in May and
June. As such, at the end of the half-year period to 30 June 2007, the results
of Company were ahead of the same period in the prior year.  The inclusion of
the three new parks in our income figures makes the majority of the difference,
but the income from most of the other parks was generally higher than last year.
This resulted in a profit on ordinary activities of £14,328 for the six months
ended 30 June 2007.

We are in the process of selling and leasing back the systems that we have
installed and the income received to date appears as other operating income in
the accounts.

This year we are managing the Flash pass (Q-bot) sales facility in all of our
Six Flags parks which has generally helped sales, and, in the case of one park
has increased revenue so that it is over double that of last year.

We have thus had a major increase in responsibility of employing and managing
the large temporary/seasonal staff that is required to fulfil our sales, ride
hosting and supervisory duties. This has caused a large rise in the 'cost of
sales' figure in the accounts. I am pleased to report that Steve Drake and his
team in the US have performed these tasks exceptionally well.

The new VQ2020 system with its redesigned Q-bot has been introduced into the
three new parks, Dollywood (Tennessee), Six Flags Great America (near Chicago)
and La Ronde (Montreal), and are now working well with good levels of both guest
and customer satisfaction .

The system in Dollywood is producing sales at a level that is higher than the
customer's expectation though we believe that the level can be even higher. The
new theatre reservation kiosks are proving successful with the parks guests, and
the park management is very happy with the theatre reservation capacity
application, which we have specially written for them. We are considering other
useful areas of this system, outside theme parks.

The Company is engaged in discussions with a number of organisations that have
technology in neighbouring parallel activity areas and we are working towards
bringing these capabilities on stream more efficiently through joint activity in
the near future.

Baring any unforeseen difficulties to trade, e.g. weather, we expect that total
gross Q-bot rentals paid by the park's guests will be materially higher than
that recorded last year. As a consequence of this higher level of income, the
Company is taking the opportunity of carefully increasing its human resources to
largely eliminate the single level of dependency of many of the job functions.
It is also in the process of increasing its professional sales staff.

With the experience gained from operating Q-bots for over five years, and having
just introduced a new replacement Q-bot at the end of this period, we believe
that our product has proved its commercial viability and will now be
capitalising product research and development costs and writing them down over
the expected revenue earning life of that system. This approach is in line with
existing accounting policy and accordingly has been incorporated into these
half-year accounts.

I am also pleased to report that we have paid back the whole loan that enabled
us to pay the settlement to Palmtop at the end of last year.

The Company is now searching to build trading relationships with other park
chains so as to capitalise on its in-depth experience of queue line management.


Contacts:

Jeff McManus, Chairman: 01491 577 201
Romil Patel, Blue Oar Securities Plc: 0207 448 4400


LO-Q PLC
Consolidated Interim Income Statement


                                                        Six months to 30                      Six months to 30
                                                            Jun 2007                              Jun 2006
                                                               £                                      £

Revenue
Income derived from Q-Bot Rental                                 753,380                                653,900
                                                                
Sale & Leaseback income                                          395,393

Cost of Sales                                                    670,980                                162,024
                                                              __________                             __________

Gross profit                                                     477,793                                491,875


Administrative expenses                                          445,361                                554,375
                                                              __________                             __________

Operating Profit / (loss)                                         32,432                               (62,500)

Interest receivable                                                  995                                  1,772

Interest payable and similar charges                            (19,100)                                  (172)
                                                              __________                             __________

Profit / (Loss) on ordinary activities before taxation            14,328                               (60,900)

Taxation on loss on ordinary activities                                0                               (22,299)
                                                              __________                             __________

Profit / (Loss) on ordinary activities after taxation             14,328                               (38,601)
                                                              __________                             __________

Earnings (loss) per share (pence)
Basic EPS                                                           0.10                                 (0.26)

Diluted EPS                                                         0.09                                 (0.25)


All amounts relate to continuing activities

There are no recognised gains or losses other than those within the profit and loss
account



LO-Q PLC

Consolidated Balance Sheet


                                                          Six months to 30                      Six months to 30
                                                              Jun 2007                              Jun 2006
ASSETS                                                           £                                      £

Non-Current Assets
Property, Plant and Equipment                                       176,840                                16,298
                                                                 __________                            __________

Current Assets
Inventories                                                         200,798                               258,681
Trade and other receivables
                  - Trade receivables                               220,418                               465,534
                  - Corporation tax                                  53,557                                32,477

Cash and cash equivalents                                           237,314                               105,140
                                                                 __________                            __________

                                                                    712,087                               861,832
                                                                 __________                            __________

Total Assets                                                        888,927                               878,131

EQUITY
Issued capital and reserves
Called up share capital                                             147,658                               147,658
Share premium account                                             4,982,067                             4,982,067
Other reserves                                                       20,578
Profit and loss account                                         (4,617,172)                           (4,374,929)
                                                                 __________                            __________

Total Equity                                                        533,131                               767,269
                                                                 __________                            __________

Current Liabilities
Trade Accounts Payable                                              256,229                                29,282
Tax Payable                                                               0                                18,951
Provisions & Other Liabilities                                       99,567                                62,629
                                                                 __________                            __________

Total Current Liabilities                                           355,796                               110,862
                                                                 __________                            __________

Total Liabilities & Equity                                          888,927                               878,131
                                                                 __________                            __________


LO-Q PLC

Consolidated cash flow statement



                                                     Six months to 30                   Six months to 30 Jun
                                                         Jun 2007                               2006
                                                             £                                   £
Cash Flows From Operating Activities
Total Operating Profit / (loss)                                  32,432                             (62,500)

Non-Cash Adjustments
Depreciation                                                     15,458                                9,168
Unrealised gains on foreign currency exchange                     5,402                                4,935

Non-Cash Adjustments                                             20,860                               14,103


Cash Flows Before Changes in working Capital                     53,292                             (48,397)


Increase in Working Capital
Increase in inventories                                         (5,572)                             (50,557)
Increase in trade and other receivables                       (108,461)                            (419,333)
Decrease in trade and other payables                          (150,531)                             (20,706)
Increase/(Decrease) in tax payable                                   11                              (2,363)

Increase in Working Capital                                   (264,553)                            (492,959)

Cash Flows From Operating Activities                          (211,261)                            (541,356)

Cash Flows From Investing Activities
Payments to acquire property, plant and equipment             (177,288)                              (7,163)

Cash Flows From Financing Activities
Gross proceeds from issue of equity share capital                     -                               14,630
Interest Received                                                   995                                1,772
Interest Paid                                                  (19,100)                                (172)

Net Cash Flows From Financing Activities                      (195,393)                                9,067


Net Increase in Cash and Cash Equivalents                     (406,654)                            (532,289)

Cash and Cash equivalents as at 1 January 2007                  643,968                              637,429

Cash and Cash Equivalents As At 30 June 2007                    237,314                              105,140



LO-Q PLC

Consolidated Statement Of Changes In Equity





                                           Issued          Share           Other           Retained         Total
                                           capital        premium        reserves          earnings        equity
                                              £              £               £                £               £


Balance at 1 January 2007                    147,658      4,982,067          20,578       (4,636,901)       513,402


Total expense for the year recognised              -              -               -             5,401         5,401
directly in equity - foreign exchange

Profit for the year                                -              -               -            14,328        14,328


Balance at 30 June 2007                      147,658      4,982,067          20,578       (4,617,172)       533,131




Balance at 1 January 2006                    143,478      4,971,617          18,285       (4,324,776)       808,604


Total expense for the year recognised              -              -               -          (10,552)      (10,552)
directly in equity - foreign exchange

Loss for the year                                  -              -               -          (38,601)      (38,601)


Total recognised expense for the year        143,478      4,971,617          18,285       (4,373,929)       759,451

Issue of share capital                         4,180         10,450               -                 -        14,630

Recognition of share-based payments                -              -           2,293                 -         2,293


Balance at 30 June 2006                      147,658      4,982,067          20,578       (4,373,929)       776,374


Notes to the Interim Statements

          
1.   These accounts have been prepared in accordance with the International
     Financial Reporting Standards (IFRS) and show the effects of changes from
     Generally Accepted Accounting Practice (GAAP) previously adopted in the
     Accounts.

     The interim statement for the six months are unaudited and do not 
     constitute statutory accounts for the purpose of the Companies Acts. The 
     accounts for the year ended 31st December 2006 have been filed with the 
     Registrar of Companies and the auditors' report on those accounts was not 
     qualified.

2.   Due to corporation tax losses available no tax charge has been provided.

3.   Earnings per share have been calculated on the profits for the period after
     taxation and 14,765,837 shares in issue.  The diluted earnings per share
     calculation is based on 15,740,599.

5.   The directors have not declared an interim dividend. No dividend is shown 
     in the income statement.


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