2019-01-23 10:03 ET - News Release
Mr. Max Liszkowski reports
IPLAYCO ANNOUNCES US$3.58 MILLION IN NEW SALES AGREEMENTS
Iplayco Corp. Ltd. has entered into 10 new sales agreements totalling approximately $3,581,000 (U.S.) to supply large indoor playgrounds to customers located in Europe, the United States and the Philippines.
Five of the 10 orders totalling approximately $2-million (U.S.) were obtained from customers located in Europe as a result of Iplayco's operations in Europe, established 15 months ago following the acquisition of local brands, intellectual property and other assets. Iplayco's operations in North America accounted for $843,000 (U.S.), or 23 per cent of the new orders from three customers in the United States, and Iplayco's operations in Asia obtained two contracts totalling $738,000 (U.S.), or 21 per cent of the new orders, from one customer in the Philippines. Iplayco expects a substantial portion of revenue from these orders to be realized in its second quarter ending March 31, 2019.
"I am very pleased that our team's relationships in different parts of the world continue to generate larger orders," said Scott Forbes, president and chief executive officer of Iplayco. "We want contributions from our operations located on three different continents, and that is what we are getting with the current confirmed orders."