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Augen Capital Reports 2009 Results
TORONTO, ONTARIO--(Marketwire - April 30, 2010) - Augen Capital Corp. ("Augen" or "the Company") (TSX VENTURE:AUG) today announced its audited consolidated financial results for the year ended December 31, 2009.
The Company reported a loss of $2,584,563 for the year ended December 31, 2009 compared to a loss of $3,512,350 for the 2008 year. The Company generates income primarily through the activities of its Merchant Banking (MB) segment, the strength of which is closely related to global market conditions and the general economic environment. The recent global economic and capital market challenges of 2008 and early 2009 have had a significant impact on the Company's ability to generate income, demonstrated by the reduction of $1,581,187 in income generated for 2009.
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