iPlayco Corp strikes five new sales worth C$5.22mln

Indoor playground specialist iPlayco Corp Ltd (CVE:IPC) has struck new sales deals worth around C$5.22mln, it told investors.

They are to supply playgrounds to five customers in the United States, the United Arab Emirates, the Netherlands and Sweden and the firm expects a “substantial” portion of revenue to be realized in its financial year starting October 1 this year.

Three of the five orders -  two for the Netherlands and one in Sweden -  are worth around C$3.347mln and are due to Iplayco’s European expansion, launched following the acquisition of local brands, intellectual property (IP) and other assets in October, last year.

“I am tremendously pleased that our team’s relationships in different parts of the world continue to yield significant orders, many of them well in excess of $1-million,” said Scott Forbes, president and chief executive at Iplayco.

“We want an order book that is diversified in terms both of order size and jurisdiction, and that is what we see in current confirmed orders as well as what we have in our sales pipeline.”

Shares in Toronto were unchanged at C$0.1305.

Story by ProactiveInvestors