IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE: IPC) ("Iplayco" or the "Company) today announced its financial results for the year ended September 30, 2009. All amounts are in Canadian dollars unless otherwise noted.

This press release contains financial information derived from Iplayco's audited consolidated financial statements for the years ended September 30, 2009 and 2008. More detailed information can be found in the audited consolidated financial statements and Management's Discussion and Analysis for the year ended September 30, 2009, which are being filed with the applicable Canadian regulatory authorities.

"I am very pleased to announce that despite the most difficult global economic environment in the decade of existence of the Company, our consolidated revenues for the year ended September 30, 2009 amounted to $9,326,085 compared to $9,143,192 in 2008. This 2% increase in revenues is a testament to the tireless efforts put forward by Iplayco's executive team and its employees who continued to ensure that the design, manufacturing and installation of its play structures are done with the highest levels of quality and customer service," said Franco Aquila, Chief Executive Officer of Iplayco. "These results also support our strategic decision in 2008 to diversify our operations by expanding into the retail business with the opening of a family entertainment centre in Langley, BC, which also serves as a valuable showcase for our new play structures. Although there were significant concerns in the fall of 2008 about a sharp economic downturn, particularly in the U.S., where we derive a substantial portion of our total revenue, our executive team, supported by our directors, approved plans to invest over $1 million in purchases and production costs of play structures to open a family entertainment center. In less than nine-months of operations, the family entertainment centre generated revenues of $1.1 million and contributed favorably to the cash generated by the operations of the Company in 2009. As we look forward, we are focused on business execution in a challenging environment and building on the continued success of our family entertainment centre. We remain confident that when the business cycle strengthens, we will be well positioned with our exciting new designs, our high quality and high capacity manufacturing capabilities, and our great family entertainment centre customer service team who are ready to welcome thousands of new guests this year."

Results for the year ended September 30, 2009 as compared to the year ended September 30, 2008

Revenue for the year ended September 30, 2009 increased by 2.0% to $9,326,085, compared to $9,143,192 in 2008. Gross margin was 43.0% of revenue in 2009, compared to 37.3% in 2008. Operating expenses were $4,186,790, or 44.9% of revenue, in 2009, compared to $3,278,904, or 35.9% of revenue, in 2008. Net losses in 2009 were $198,991, or losses per share of $0.02, compared to net earnings of $51,608, or diluted earnings per share of $0.01 in 2008. Our results for 2009 include $375,784 of pre-tax foreign exchange losses.

Results for Q4-09 compared to Q3-09

Revenue for the fourth quarter ended September 30, 2009 (Q4-09) decreased by 18.3% to $1,682,700, compared to $2,060,291 in the third quarter of 2009 (Q3-09). Gross margin was $921,849 or 54.8% of revenue in Q4-09, compared to $924,167 or 44.9% in Q3-09. Operating expenses were $1,073,657, or 63.8% of revenue, in Q4-09, compared to $861,110, or 41.8% of revenue in Q3-09. Net losses in Q4-09 were $188,962, or losses per share of $0.02, compared to net earnings of $75,695, or diluted earnings per share of $0.01 in Q3-09.

Results for Q4-09 compared to Q4-08

Revenue for the fourth quarter ended September 30, 2009 (Q4-09) decreased by 56.2% to $1,682,700, compared to $3,838,358 in the fourth quarter of 2008 (Q4-08). Gross margin was $921,849 or 54.8% of revenue in Q4-09, compared to $1,606,960 or 41.9% in Q4-08. Operating expenses were $1,073,657, or 63.8% of revenue, in Q4-09, compared to $987,822, or 25.7% of revenue, in Q4-08. Net losses in Q4-09 were $188,962, or losses per share of $0.02, compared to net earnings of $538,723, or diluted earnings per share of $0.05 in Q4-08.

ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs play structures for indoor and outdoor venues. Iplayco also owns and operates a family entertainment centre ("The Great Escape") in Langley, British Columbia. For more information, visit www.iplayco.com.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this news release that are not based on historical facts constitute forward-looking statements or forward-looking information within the meaning of Canadian securities laws ('forward-looking statements"). These forward-looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward-looking statements. Forward-looking statements include disclosure regarding possible events, conditions circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. These forward-looking statements may appear in a number of different places in this news release and can be identified by words such as "may", "estimates", "projects", "expects", "intends", "believes", "plans", "anticipates", "continue", "growing", "expanding" or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact. The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop, manufacture, supply and market new products that we do not produce today and that meet the needs of customers, the continuous commitment of our customers and increased competition. Many of the risk factors that affect our business are beyond our control. Consequently, all forward-looking statements in this report are qualified by this cautionary statement and we cannot assure you that the actual results, performance, achievements or developments that we anticipate will be realized. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and we do not undertake any obligation to update forward-looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change, except as required by law.

Neither 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 Limited Max Liszkowski Chief Financial Officer 1-604-882-1188 www.iplayco.com