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IPC Iplayco Corporation Ltd

0.495
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Iplayco Corporation Ltd TSXV:IPC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.495 0.495 0.50 0 01:00:00

IPlayco Releases Third Quarter Results and Fourth Quarter Update

26/08/2008 8:00pm

Marketwired Canada


IPlayco Corporation Ltd. (TSX VENTURE:IPC) announces the release of its
consolidated financial statements for the quarterly period ending June 30, 2008.


Sales for the three months ended June 30, 2008 were $1,333,742, a decrease of
$1,563,143 or 54% over the prior year. The decline was attributed primarily to
lower North American sales.


It is management's view that the sales revenue for the first nine months is not
reflective of the continuing current level of the Company's sales and production
activities. Third quarter production and shipments of firm customer orders were
significantly backlogged due to customer requests for shipment delays, resulting
in lower revenue figures despite a robust level of contract negotiations and
receipt of cash deposits from customers.


In the first half of the fourth quarter, including August 15th, 2008, the sales
shipped and invoiced were $1,873,657 resulting in year to date sales of
$7,178,491. The Company has an additional $3,775,790 of signed customer
contracts in hand, with approximately $2,500,000 to be shipped by September 30,
2008; the Company has received deposits totaling $948,614 to be applied against
these signed contracts.


The fiscal year end for IPlayco Corporation (IPC) is September 30; for full
details please see the most recent annual and interim statements which can be
accessed at the Sedar website.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

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.


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1 Year Iplayco Chart

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