Lo-Q PLC
8 May 2002
Lo-Q plc
('Lo-Q' or 'the Company')
Trading Update
Following the successful admission to AIM, Lo-Q is pleased to announce further
progress.
The season at Six Flags Over Georgia started on 23 March 2002. From the first
day there were 800 Q-bots operational and a new charging structure has been
implemented, increasing the price to US$10 per person from $5 per person.
Demand throughout the first five weeks of the season has been high with no
resistance to the increase in the pricing structure. In spite of poor weather,
this period has included our two record days, where the revenue approached
US$20,000 each day.
Elsewhere within the Six Flags group, the Lo-Q system installation is nearing
completion in four new parks. The Company is delighted that it has managed to
keep within its extremely tight forecast installation period and it is believed
that Park guests will be able to rent Q Bots in all these parks from mid June.
The Company anticipates that the introduction of the system in these parks will
prove equally successful as the system currently in place at Six Flags Over
Georgia.
Design and implementation has commenced in a further four parks and the Company
anticipates that it will meet its contracted timescales for systems to be
installed during the summer.
For further information please contact:
Lo-Q plc 01491 577 210
Leonard Sim, Managing Director
Corporate Synergy 020 7626 2244
Justin Lewis
Weber Shandwick Fleet Financial 020 7950 2898
Nick Dibden
This information is provided by RNS
The company news service from the London Stock Exchange
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