Lo-Q PLC
18 January 2008
For Immediate Release
Lo-Q plc announces extension and enhancement of Six Flags agreement
Lo-Q plc ('Lo-Q' or 'the Company') today announces it has signed an extended
agreement with Six Flags, Inc.
Lo-Q's new VQ2020 system will be installed in an additional Six Flags park, Six
Flags Fiesta Texas, for the 2008 operating season which will increase the number
of Six Flags parks employing the Company's queuing systems for 2008 to eight. It
is anticipated that this will grow to nine for the 2009 park operating season.
Lo-Q plans to replace its existing product with its new VQ2020 system in four of
the existing parks before the start of the 2008 park operating season bringing
the number of Six Flags parks using the VQ2020 system to seven.
The Lo-Q agreement with Six Flags has been extended for all parks until 2010.
Lo-Q is among the select group of companies who enjoy sponsorship opportunities
in the Six Flags parks. Other current Six Flags sponsors include: Nintendo Wii,
Kraft, Kodak and Papa John's.
Lo-Q's Managing Director, Leonard Sim, said: 'We are very pleased to strengthen
our relationship with our major customer, particularly given the positive
feedback from Six Flags guests and the continued growth of Q-bot use.'
Six Flags' Executive Vice President, In-Park Services, Andrew Schleimer,
commented: 'The advanced technology in our new system allows Flash Pass users to
see the wait times for their favourite attractions and make their reservations
using their new Flash Pass unit from anywhere in the park. The VQ2020
system continues to eliminate the need for guests to stand in line, providing
for an ever further enjoyable experience. We look forward to working with Lo-Q
throughout the upcoming seasons.'
Jeff McManus
Lo-Q plc 01491 577 210
John Prior / Philip Young
Arbuthnot Securities Limited 0207 012 2000
Lissa M. Brown
Six Flags, Inc. 212-652-9394
This information is provided by RNS
The company news service from the London Stock Exchange
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