IPlayco Reports Third Quarter Results for 2009
August 28 2009 - 12:02PM
Marketwired
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.
Contacts: IPLayco Corporation Ltd. Dave Romano (604) 882-1188
(604) 882-1977 (FAX)
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