Mr. Max Liszkowski reports

IPLAYCO ANNOUNCES RECORD QUARTERLY SALES AND EARNINGS FOR ITS FIRST QUARTER ENDED DECEMBER 31, 2016

Iplayco Corp. Ltd. has provided the financial results for its first quarter ended Dec. 31, 2016. 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 months ended Dec. 31, 2016. More detailed information can be found in the unaudited condensed consolidated interim financial statements and management's discussion and analysis for the three months ended Dec. 31, 2016, which are being filed with the applicable Canadian regulatory authorities.

"We are very pleased to announce record quarterly sales of $7.2-million and record quarterly earnings of $959,209, or diluted net income per share of five cents, for the three months ended Dec. 31, 2016 (Q1 2017). The non-recurrence of various costs incurred during the three months ended Sept. 30, 2016 (Q4 2016), resulted in a gross profit percentage of 39.7 per cent in Q1 2017 as compared to 19.3 per cent in Q4 2016. Although we are anticipating lower sales for the three months ending March 31, 2017 (Q2 2017), due to the scheduling of manufacturing and delivery of various larger projects, we are expecting to generate strong net earnings in Q2 2017," said Scott Forbes, president and chief executive officer and director of Iplayco.

Results for the three months ended Dec. 31, 2016 (Q1 2017), as compared with the three months ended Sept. 30, 2016 (Q4 2016)

Sales increased by 31.7 per cent to $7,228,963 in Q1 2017 from $5,488,474 in Q4 2016. Gross profit percentage increased to 39.7 per cent of sales in Q1 2017 from 19.3 per cent in Q4 2016. Operating expenses, including foreign exchange gains and losses and finance costs, decreased to $1,549,188, or 21.4 per cent of sales, in Q1 2017 from $1,589,871, or 29.0 per cent of sales, in Q4 2016. Net income amounted to $959,209, or diluted net income per share of five cents, in Q1 2017 as compared with a net loss of $345,782, or net loss per share of two cents, in Q4 2016.

Results for the three months ended Dec. 31, 2016 (Q1 2017), as compared with the three months ended Dec. 31, 2015 (Q1 2016)

Sales increased by 99.8 per cent to $7,228,963 in Q1 2017 from $3,618,561 in Q1 2016. Gross profit percentage increased to 39.7 per cent of sales in Q1 2017 from 39.3 per cent in Q1 2016. Operating expenses, including foreign exchange gains and losses and finance costs, increased to $1,549,188, or 21.4 per cent of sales, in Q1 2017 from $1,179,052, or 32.6 per cent of sales, in Q1 2016. Net income amounted to $959,209, or diluted net income per share of five cents, in Q1 2017 as compared with net income of $176,773, or diluted net income per share of one cent, in Q1 2016.

About Iplayco Corp. Ltd.

Iplayco is a global leader in the design and supply of premium-quality, fun, safe and durable indoor playgrounds for children. In its 17-year history, Iplayco has sold over 3,000 playgrounds to over 60 countries worldwide. Iplayco is very proud to have built the world's largest children's indoor soft-play park for Billy Beez, a family entertainment centre of 2,316.79 square metres (24,937.72 square feet) inaugurated on May 25, 2013, in the Mall of Dhahran, Al Khobar, Saudi Arabia.

Iplayco also owns and operates a family entertainment centre (The Great Escape) in Langley, B.C.

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