IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Corporation")
announces its financial results for the second quarter ended March 31, 2012. All
amounts are in Canadian dollars unless otherwise noted. 


This news release contains financial information derived from Iplayco's
unaudited condensed consolidated interim financial statements for the three and
six months ended March 31, 2012. More detailed information can be found in the
unaudited condensed consolidated interim financial statements and Management's
Discussion and Analysis for the three and six months ended March 31, 2012, which
are being filed with the applicable Canadian regulatory authorities.


"Our consolidated sales increased by 109.3% for the three months ended March 31,
2012 ("Q2-12") to $2,762,665 from $1,319,650 for the three months ended March
31, 2011 ("Q2-11"), with sales from our Manufacturing operations up 163.8% and
sales from our Family Entertainment Centre operations down 4.7% in Q2-12 as
compared to Q2-11. Our gross profit percentage improved in Q2-12 to 37.4%,
compared to 35.9% in Q2-11, due primarily to sales mix resulting from higher
margin sales in Q2-12 as compared to Q2-11. We are expecting moderate growth in
sales and earnings for the three months ended June 30, 2012 as compared to Q2-12
due to our robust sales backlog," said Scott Forbes, President and Director of
Iplayco.


Sales from our Manufacturing operations generated 85.3% of our total sales in
Q2-12 compared to 67.7% in Q2-11, and increased by 163.8% to $2,355,745 in Q2-12
from $892,856 in Q2-11. Sales from our Family Entertainment Centre Operations
generated 14.7% of our total sales in Q2-12 compared to 32.3% in Q2-11 and
decreased by 4.7% to $406,920 in Q2-12 from $426,794 in Q2-11.


Results for the three months ended March 31, 2012 as compared to the three
months ended December 31, 2011


Sales increased by 54.8% in Q2-12 to $2,762,665 from $1,784,328 for the three
months ended December 31, 2011 ("Q1-12"). Gross profit percentage was 37.4% of
sales in Q2-12, compared to 38.4% in Q1-12. Operating expenses, including
foreign exchange gains and losses and finance costs, were $916,398 or 33.2% of
sales in Q2-12, compared to $877,258 or 49.2% of sales in Q1-12. Net income in
Q2-12 was $86,107, or diluted income per share of $0.01, compared to a net loss
of $144,856, or loss per share of $0.01, in Q1-12.


Results for the three months ended March 31, 2012 as compared to the three
months ended March 31, 2011


Sales increased by 109.3% in Q2-12 to $2,762,665 from $1,319,650 Q2-11. Gross
profit percentage was 37.4% of sales in Q2-12 compared to 35.9% in Q2-11.
Operating expenses, including foreign exchange gains and losses and finance
costs, were $916,398 or 33.2% of sales in Q2-12 compared to $736,963 or 55.8% of
sales in Q2-11. Net income in Q2-12 was $86,107, or diluted income per share of
$0.01, compared to a net loss of $198,403, or loss per share of $0.02, in Q2-11.


Results for the six months ended March 31, 2012 as compared to the six months
ended March 31, 2011


Sales for the six months ended March 31, 2012 ("YTD - Q2-12") increased by 46.2%
to $4,546,993 from $3,110,181 for the six months ended March 31, 2011 ("YTD -
Q2-11"). Gross profit percentage was 37.8% of sales for YTD - Q2-12 compared to
30.6% for YTD - Q2-11. Operating expenses, including foreign exchange gains and
losses and finance costs, were $1,793,656 or 39.4% of sales for YTD - Q2-12
compared to $1,735,936 or 55.8% of sales for YTD - Q2-11. Net loss for YTD -
Q2-12 was $58,749, or loss per share of $0.01, compared to a net loss of
$595,532, or loss per share of $0.06, for YTD - Q2-11.


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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