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.

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