IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Company") today
announced its financial results for the third quarter ended June 30, 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 nine
months ended June 30, 2010. More detailed information can be found in the
unaudited interim consolidated financial statements and Management's Discussion
and Analysis for the three and nine months ended June 30, 2010, which are being
filed with the applicable Canadian regulatory authorities.


"The economic environment in our industry remains very challenging, and we
continue to expect that access to external financing for many of our customers
will remain tight throughout 2010. Our sales for the third quarter ended June
30, 2010 ("Q3-10") decreased by 11.5% as compared to the second quarter ended
March 31, 2010 ("Q2-10"), due primarily to lower sales from our Manufacturing
operations. Although sales in Q3-10 from our Family Entertainment Centre
operations were also lower than in Q2-10, we are encouraged by the Centre's
year-to-date sales and improved net operating results," said Scott Forbes,
President and Director of Iplayco.


Sales from our Manufacturing operations generated 79.9% of our total sales in
Q3-10 compared to 79.1% in Q2-10, and decreased by 10.6% to $1,368,469, as
compared to $1,530,242 in Q2-10. Sales from our Family Entertainment Centre
Operations generated 20.1% of our total sales in Q3-10 compared to 20.9% in
Q2-10 and decreased by 15.2% to $343,654 in Q3-10 compared to $405,024 in Q2-10.


Results for Q3-10 as compared to Q2-10

Sales for Q3-10 decreased by 11.5% to $1,712,123 compared to $1,935,266 in
Q2-10. Gross profit was 33.6% of sales in Q3-10, compared to 33.3% in Q1-10.
Operating expenses were $877,767, or 51.3% of sales, in Q3-10, compared to
$879,129, or 45.4% of sales, in Q2-10. Net loss in Q3-10 was $292,977, or a loss
per share of $0.03, compared to net loss of $169,676, or loss per share of $0.02
in Q2-10.


Results for the nine months ended June 30, 2010 and 2009

Sales for the nine months ended June 30, 2010 ("YTD - Q3-10") decreased by 28.7%
to $5,449,340 compared to $7,643,385 for the nine months ended June 30, 2009
("YTD - Q3-09"). Gross profit was 36.8% of sales for YTD - Q3-10, compared to
40.4% for YTD - Q3-09. Operating expenses were $2,469,489, or 45.3% of sales for
YTD - Q3-10, compared to $3,113,133 or 40.7% of sales for YTD - Q3-09. Net loss
for YTD - Q3-10 was $417,171, or a loss per share of $0.04, compared to net loss
of $10,029, or a loss per share of $0.00 for YTD - Q3-09.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs indoor and outdoor play structures
for children. 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.

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