Iplayco Corporation Ltd.
TSX VENTURE : IPC

Iplayco Corporation Ltd.

August 28, 2009 12:02 ET

IPlayco Reports Third Quarter Results for 2009

LANGLEY, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2009) - IPLAYCO CORPORATION LTD. (the "Company") (TSX VENTURE:IPC) announces its third quarter 2009 results; for the nine month period ended June 30, 2009. Revenues for the period were $7,643,385 as compared to $5,304,834 for the comparable period the prior year. The Company recorded a net loss before taxes of $22,667 for the nine months ended June 30, 2009, as compared to a loss of $487,115 during the same period in 2008. The $464,448 improvement in operating results for the year is due mainly to higher sales revenue and gross profits.

Sales revenue in the three months ended June 30, 2009 increased to $2,060,291 from $1,333,742 in 2008; net income before income taxes for the quarter ending June 30, 2009 was $63,057, as compared with a loss of $459,472 for the comparable period in the preceding year.

The financial statements of the Company can be accessed at www.sedar.com.

ABOUT THE COMPANY

IPlayco Corporation Ltd. through its subsidiaries, International Play Company Inc. and Outdoor Play Company Inc., design, manufacture and install play structures for restaurants, family entertainment centres, fitness centres, churches, schools, parks and other indoor and outdoor venues.

Outdoor Play Company Inc. recently opened its first Company owned and operated family entertainment centre ("The Great Escape") in Langley BC. The operating entertainment centre is a logical extension of the Company's core manufacturing business, will provide additional profits and cash flow, and will be a valuable resource for showcasing new play elements; it will also serve as a staff training facility for future entertainment centres.

ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

Forward Looking Statements: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding the Company's business, results or future plans, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed elsewhere in document that are available to the public.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • IPLayco Corporation Ltd.
    Dave Romano
    (604) 882-1188
    (604) 882-1977 (FAX)