Appointment of Chief Executiv

RNS Number : 7485T

Lo-Q PLC

04 October 2010

 



Lo-Q plc

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

Appointment of Chief Executive

Further to its announcement of 18 August 2010, Lo-Q plc, the AIM traded provider of virtual queuing systems for theme parks and major attractions announces that the appointment of Tom Burnet as Chief Executive Officer has taken effect today and that he has joined the Board.

Tom Burnet joins Lo-Q from Serco plc where he was Managing Director of Serco plc's Defence Operations division. Before Serco, Tom was Managing Director of QinetiQ's Capability Support Division, which provides technical consultation and support to Governments and Industry internationally.

Previously, Tom Burnet was Executive Director and Non-Executive Director at Cedalion Ltd, a Microsoft technology consultancy.

Commenting on his appointment, Tom Burnet said "I'm delighted to be joining Lo-Q to work with the team as we fully exploit the huge potential of our existing product set as well as those products already in development. There is an exceptional opportunity to grow the company from its excellent foundations and I'm very much looking forward to playing my part in doing so."

Contacts:

Lo-Q plc	Leonard Sim, Founding Director Tom Burnet, Chief Executive Officer	Tel: [phone]
Arbuthnot Securities Limited	Hugh Field Ed Gay	Tel: [phone]
Walbrook PR Ltd	Paul McManus	Tel: [phone]
		Mob: [phone] [e-mail]

Mr Thomas (Tom) James Wardlaw Burnet, aged 43, holds no shares in the Company and there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Mr Burnet's appointment today as a Director of the Company.

About Lo-Q plc

Lo-Q plc listed on AIM in April 2002 and has active subsidiary companies in the USA and Canada.

Lo-Q designs, installs and operates systems which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Lo-Q's flagship product, VQ2020, is a true virtual queuing system for theme parks. Lo-Q's proprietary hand-held units, called Q-bots, are used in major theme parks around the world. By the end of 2009 Lo-Q passed its 5 millionth user of the Lo-Q system.

The dynamic virtual queuing concept arose because of a wait in a line by Leonard Sim, the company founder and inventor of the Lo-Q System, and his family in a Florida theme park in the 90's. The ride had mechanical problems, which meant that the almost two hour wait was a waste of time.

Lo-Q's headquarters and development labs are in the Smith Centre high technology campus near Henley-on-Thames, UK, where a team of highly skilled engineers carry out hardware, software and systems design. The USA headquarters is in Lithia Springs, Georgia, near Atlanta where support, financial and installation staff are based.

The first installation went live in March 2001 and with the addition of Six Flags, Washington, there are a total of 15 sites across the world using the VQ2020 system, namely:

Six Flags Washington DC, USA

Six Flags Over Georgia, USA

Six Flags New England, USA

Six Flags Great Adventure, USA

Six Flags Over Texas, USA

Six Flags Fiesta Texas, USA

Six Flags St Louis, USA

Six Flags Great America, USA

Six Flags Magic Mountain, USA

Six Flags Discovery Kingdom, USA

Six Flags La Ronde, Canada

Dollywood, USA

Dreamworld, Australia

Legoland Windsor, UK

Mirabilandia, Italy

Lo-Q also owns a Q-txt product which allows mobile phone users to reserve their place in line. Users purchase credits that are used to reserve a time to ride. The user then receives a text with details of their reservation, time and a unique code which is used to gain entry and verify their booking. Q-txt was first used at the London Dungeon and Madame Tussauds in London, and is now installed in:

Flamingo Land, Yorkshire

Parque Isla Mágica, Spain.

 

END

 

 

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