IPLAYCO CORPORATION LTD. ("IPC") (TSX VENTURE:IPC) is pleased to announce the
release of its audited consolidated financial statements for the year ended
September 30, 2008. The audited financial statements of the Company can be
accessed at www.sedar.com.


Total sales of $3,838,358 for the three months ended September 30, 2008 were
$1,531,985 (66%) higher than the comparable period in 2007. Net income during
the fourth quarter of 2008 was $538,723, an increase of $582,037 over the
previous year, due mainly to shipments into the US, as a backlog of customer
requested shipment delays was cleared.


Total sales of $9,143,192 for the year ended September 30, 2008 were $1,548,936
lower than 2007. Net income for the year ended September 30, 2008 was $51,608, a
decrease of $541,456 from the previous year, due mainly to a weakening global
market resulting in lower sales.


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 operations
of the entertainment centre, which is are 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.


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.


Iplayco (TSXV:IPC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Iplayco Charts.
Iplayco (TSXV:IPC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Iplayco Charts.