IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Corporation")
today announced its financial results for the year ended September 30, 2010. All
amounts are in Canadian dollars unless otherwise noted.


This news release contains financial information derived from Iplayco's audited
consolidated financial statements for the years ended September 30, 2010 and
2009. More detailed information can be found in the audited consolidated
financial statements and Management's Discussion and Analysis for the years
ended September 30, 2010 and 2009, which are being filed with the applicable
Canadian regulatory authorities.


"Although we faced challenging economic conditions this year, with our
consolidated sales down 14.8% in 2010 as compared to 2009, we are seeing some
encouraging signs of increased activity as evidenced by our fourth quarter sales
and net operating results from our manufacturing operations, which increased by
60.1% and 125.9%, respectively, as compared to our third quarter ended June 30,
2010. Fourth quarter sales from our Family Entertainment Centre operations
decreased by 12.4% as compared to the third quarter, however, increased by 23.1%
in 2010 as compared to 2009," said Scott Forbes, President and Director of
Iplayco.


Sales from our Manufacturing operations generated 83.0% of our total sales in
2010 compared to 88.2% in 2009, and decreased by 19.9% to $6,588,467 in 2010, as
compared to $8,227,023 in 2009. Sales from our Family Entertainment Centre
Operations generated 17.0% of our total sales in 2010 compared to 11.8% in 2009
and increased by 23.1% to $1,353,031 in 2010, as compared to $1,099,062 in 2009.


Results for the years ended September 30, 2010 and 2009

Sales for the year ended September 30, 2010 ("2010") decreased by 14.8% to
$7,941,498, compared to $9,326,085 for the year ended September 30, 2009
("2009"). Gross profit percentage was 38.7% of sales in 2010, compared to 43.0%
in 2009. Operating expenses were $3,519,699, or 44.3% of sales, in 2010,
compared to $4,186,790 or 44.9% of sales in 2009. Net loss in 2010 was $335,332,
or a loss per share of $0.03, compared to a net loss of $198,991, or a loss per
share of $0.02 in 2009.


Results for Q4-10 as compared to Q3-10

Sales for the three months ended September 30, 2010 ("Q4-10") increased by 45.6%
to $2,492,158, compared to $1,712,123 for the three months ended June 30, 2010
("Q3-10"). Gross profit percentage was 42.9% of sales in Q4-10, compared to
33.6% in Q3-10. Operating expenses were $1,050,210, or 42.1% of sales, in Q4-10,
compared to $877,767, or 51.3% of sales, in Q3-10. Net income in Q4-10 was
$81,839, or diluted earnings per share of $0.01, compared to a net loss of
$292,977, or loss per share of $0.03 in Q3-10.


Results for Q4-10 as compared to Q4-09

Sales for Q4-10 increased by 48.1% to $2,492,158, compared to $1,682,700 for the
three months ended September 30, 2009 ("Q4-09"). Gross profit percentage was
42.9% of sales in Q4-10, compared to 54.8% in Q4-09. Operating expenses were
$1,050,210, or 42.1% of sales, in Q4-10, compared to $1,073,657, or 63.8% of
sales, in Q4-09. Net income in Q4-10 was $81,839, or diluted earnings per share
of $0.01, compared to a net loss of $188,962, or loss per share of $0.02 in
Q4-09.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs customized 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 Corporation'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 Corporation's expectations are disclosed
elsewhere in documents that are available to the public.

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