IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE: IPC) ("Iplayco" or the "Company") today announced its financial results for the second quarter ended March 31, 2010. All amounts are in Canadian dollars unless otherwise noted.

This news release contains financial information derived from Iplayco's unaudited interim consolidated financial statements for the three and six months ended March 31, 2010. More detailed information can be found in the unaudited interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended March 31, 2010, which are being filed with the applicable Canadian regulatory authorities.

"Although the general economic environment in our industry remains very challenging, our sales for the second quarter ended March 31, 2010 ("Q2-10") increased by 7.4% as compared to the first quarter ended December 31, 2009 ("Q1-10"), led by a 33.5% increase in sales from our Family Entertainment Centre operations. For the second half of our 2010 fiscal year, we expect that access to external financing for many of our smaller customers will remain tight, therefore, sales from our Manufacturing operations are expected to remain in-line with the first half of 2010. For our Family Entertainment Centre operations, we expect that sales will continue to increase during the second half of our 2010 fiscal year, as compared to 2009, due primarily to various marketing campaigns" said Scott Forbes, President and Director of Iplayco.

Sales from our Manufacturing operations generated 79.1% of our total sales in Q2-10 compared to 83.2% in Q1-10, and increased by 2.1% to $1,530,242, as compared to $1,498,579 in Q1-10. Sales from our Family Entertainment Centre Operations generated 20.9% of our total sales in Q2-10 compared to 16.8% in Q1-10 and increased by 33.5% to $405,024 in Q2-10 compared to $303,372 in Q1-10.

Results for Q2-10 as compared to Q1-10

Sales for Q2-10 increased by 7.4% to $1,935,266 compared to $1,801,951 in Q1-10. Gross profit was 33.3% of sales in Q2-10, compared to 43.6% in Q1-10. Operating expenses were $879,129, or 45.4% of sales, in Q2-10, compared to $712,593, or 39.5% of sales, in Q1-10. The net loss in Q2-10 was $169,676, or a loss per share of $0.02, compared to net income of $45,482, or diluted earnings per share of $0.00 in Q1-10.

Results for the six months ended March 31, 2010 and 2009

Sales for the six months ended March 31, 2010 ("YTD - Q2-10") decreased by 33.1% to $3,737,217 compared to $5,583,094 for the six months ended March 31, 2009 ("YTD - Q2-09"). Gross profit was 38.3% of sales for YTD - Q2-10, compared to 38.8% for YTD - Q2-09. Operating expenses were $1,591,722, or 42.6% of sales for YTD - Q2-10, compared to $2,252,023, or 40.3% of sales for YTD - Q2-09. The net loss for YTD - Q2-10 was $124,194, or a loss per share of $0.01, compared to a net loss of $85,724, or a loss per share of $0.01 for YTD - Q2-09.

ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs children's 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.iplaycoltd.com.

Cautionary Note Regarding 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 documents that are available to the public.

Visit our NEW corporate website with information on all of our products and investor relations materials at: www.iplaycoltd.com.

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 (604) 882-1188 ir@iplaycoltd.com www.iplaycoltd.com