Iplayco Corporation Ltd.
TSX VENTURE : IPC

Iplayco Corporation Ltd.

May 22, 2009 18:25 ET

IPlayco Reports Second Quarter Results for 2009

LANGLEY, BRITISH COLUMBIA--(Marketwire - May 22, 2009) - IPLAYCO CORPORATION LTD. (the "Company") (TSX VENTURE:IPC) announces its second quarter 2009 results; for the six month period ended March 31, 2009. Revenues for the period were $5,583,094 as compared to $3,971,092 for the comparable period the prior year. The Company recorded a net loss before taxes of $85,725 for the period ended March 31, 2009, as compared to a loss of $27,643 during the same period in 2008. The downturn in operating results for the year is due mainly to operating cost increases related to the fluctuation of the Canadian dollar relative to the US dollar and the start-up costs of the Family Entertainment Centre.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

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