Aylen Capital Inc.
CNSX : AYL

Aylen Capital Inc.

April 29, 2016 16:00 ET

Aylen Capital Reports 2015 Year End Results

TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Aylen Capital Inc. (the "Company" or "Aylen") (CSE:AYL) today reported its financial results for the year ended December 31, 2015.

Revenue for the year ended December 31, 2015 was $903,000 compared to $701,000 in 2014. Net loss for the year was $310,000 or $0.018 per share compared with a net loss of $942,000 or $0.056 for fiscal 2014.

The increase in revenue is primarily the result of a 24% increase in revenue from the Grapevine business over the prior year. In addition, at December 31, 2015 an investment in a private company was fully written off resulting in an impairment loss of $1.037 million and a liability of $714,000 was extinguished resulting in an increase in income of the same amount.

The audited financial statements for the year ended December 31, 2015 and Management's Discussion and Analysis of the results, are posted on SEDAR at www.sedar.com.

About Aylen Capital Inc.

Aylen Capital Inc. carries on a web-based survey and data collection business based in Markham, Ontario under the name Grapevine Solutions ("Grapevine") as an unincorporated division of Aylen. In addition it has a venture investment in a private company and a portfolio of marketable securities.

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