IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Corporation")
today announced its financial results for the third quarter ended June 30, 2011.
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-month
periods ended June 30, 2011 ("Q3-11" and "YTD - Q3-11", respectively). More
detailed information can be found in the unaudited interim consolidated
financial statements and Management's Discussion and Analysis for Q3-11 and YTD
- Q3-11, which are being filed with the applicable Canadian regulatory
authorities.


"Our consolidated sales increased by 13.0% to $1,935,179 in Q3-11 from
$1,712,123 for the three-month period ended June 30, 2010 ("Q3-10"), with sales
from our Manufacturing operations up 15.6%, and sales from our Family
Entertainment Centre operations up 2.6% as compared to Q3-10. Our gross profit
percentage remains weak due primarily to market pricing pressures, production
costs, and the strength of the Canadian dollar versus the U.S. dollar. Gross
profit percentage was 26.1% of sales in Q3-11 compared to 33.6% in Q3-10. Our
operating expenses decreased by 3.8% in Q3-11 compared to Q3-10. We are
expecting robust growth in sales, margin, and earnings during the three month
period ended September 30, 2011 ("Q4-11"), due primarily to two significant
contracts of U.S. $898,000, and U.S. $1,225,000, which are expected to
substantially impact our Q4-11 results," said Scott Forbes, President and
Director of Iplayco.


Sales from our Manufacturing operations generated 81.8% of our total sales in
Q3-11 compared to 79.9% in Q3-10, and increased by 15.6% to $1,582,484 in Q3-11
from $1,368,469 in Q3-10. Sales from our Family Entertainment Centre Operations
generated 18.2% of our total sales in Q3-11 compared to 20.1% in Q3-10 and
increased by 2.6% to $352,695 in Q3-11 from $343,654 in Q3-10.


Results for Q3-11 as compared to Q2-11

Sales increased by 46.6% to $1,935,179 in Q3-11 from $1,319,650 in Q2-11. Gross
profit percentage was 26.1% of sales in Q3-11 compared to 35.9% in Q2-11.
Operating expenses were $844,446 or 43.6% of sales in Q3-11 compared to $736,963
or 55.8% of sales in Q2-11. Net loss in Q3-11 was $234,915, or loss per share of
$0.02, compared to net loss of $198,403, or loss per share of $0.02 in Q2-11.


Results for YTD - Q3-11 as compared to YTD - Q3-10

Sales for YTD - Q3-11 decreased by 7.4% to $5,045,360 from $5,449,340 for the
nine-month period ended June 30, 2010 ("YTD - Q3-10"). Gross profit was 28.9% of
sales for YTD - Q3-11 compared to 36.8% for YTD - Q3-10. Operating expenses were
$2,580,382 or 51.1% of sales for YTD - Q3-11 compared to $2,469,489 or 45.3% of
sales for YTD - Q3-10. Net loss for YTD - Q3-11 was $830,447, or loss per share
of $0.08, compared to net loss of $417,171, or a loss per share of $0.04, for
YTD - Q3-10.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott C. 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,
please 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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