Iplayco Corporation Ltd.
TSX VENTURE : IPC

Iplayco Corporation Ltd.

March 02, 2009 12:32 ET

IPlayco Reports Strong First Quarter for New Year

LANGLEY, BRITISH COLUMBIA--(Marketwire - March 2, 2009) - IPLAYCO CORPORATION LTD. (the "Company") (TSX VENTURE:IPC) is pleased to announce its first quarter 2009 results; for the three month period ended December 31, 2008, revenues for the period were $3,463,146 as compared to $1,803,782 for the comparable period the prior year. The Company recorded net income before taxes of $329,517 for the period ended December 31, 2008, an improvement of $617,701 over the loss of $282,872 during the same period in the prior 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. The centre is expected to 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)
    Website: www.iplayco.com