Iplayco wins another $6m in new sales agreements

Four of the ten new orders originated in Europe and the Middle East

The firm, headquartered in Langley, British Columbia, has sold over 3,000 playgrounds

Iplayco Corp Ltd (CVE:IPC) announced Monday that it has struck 10 new sales pacts, worth more than US$6 million, to supply indoor playgrounds to customers in North America, Europe, the Middle East and Asia.

To start, four of the 10 orders originated in Europe and the Middle East and were worth as much as US$2.76 million. These deals were orchestrated by Iplayco’s European outpost, which was set up 17 months ago.

READ: iPlayCO, the play equipment maker, upbeat as 2019 sales set to accelerate

Iplayco’s operations in North America, meanwhile, were responsible for bringing in four contracts in North America and one in the Middle East, which raked in $2.31 million. Lastly, Iplayco’s team in Asia obtained a $1 million contract from a single customer in the Philippines.

“I am very pleased that we are continuing to generate larger orders from across the world,” said Scott Forbes, Iplayco’s CEO in a statement. “We continue to see positive sales momentum going into the second half of our financial year.”

READ: iPlayco Corp strikes five new sales worth C$5.22mln

Iplayco projects that a “substantial” portion of revenue from the 10 orders will be marked in its fiscal financial year ending on September 30, 2019.

The firm, headquartered in Langley, British Columbia, and public since 2003, has sold over 3,000 playgrounds in more than 60 countries worldwide.

iPlayCO, which has well over 100 employees, sells its play structures to family entertainment centres as well as to restaurants, museums, hospitals, hotels and airports.

Contact Ellen Kelleher at ellen@proactiveinvestors.com


Quick facts: iPlayCO

Price: 0.495 CAD

Market: TSX-V
Market Cap: $5.06 m

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