Contact Information: Contact: Thomas O'Malley Chief Financial Officer 1-212-785-9300, ext. 267
Tuxis Corporation Announces First Quarter 2008 Financial Results
| Source: Tuxis Corporation
NEW YORK, NY--(Marketwire - May 22, 2008) - Tuxis Corporation (PINKSHEETS : TUXS ) today
reported its financial results for the first quarter ended March 31, 2008.
Tuxis recorded a net loss of $128,206 or $0.13 per share for the three
months ended March 31, 2008 compared to a net loss of $131,863 or $0.13 per
share for the three months ended March 31, 2007. Total rental revenues
increased $52,538 in 2008 compared to the same period in 2007. The Company
attributes the increase in total rental revenue to the addition of Tuxis Self Storage revenues for
the first three months of 2008.
The Company's unaudited consolidated balance sheet, statements of income,
and statements of cash flows as of and for the first quarter ended March
31, 2008 are appended to the copy of this press release on www.tuxis.com.
Tuxis Corporation is engaged through subsidiaries in real estate
development and self storage. The Company operates Tuxis Self Storage,
Clinton, Connecticut, a 184 unit facility which offers a mix of standard
and climate control units. To learn more about our self storage facility
please visit www.tuxisselfstorage.com. To learn more about Tuxis
Corporation, including Rule 15c2-11 information, please visit
www.tuxis.com.
This release contains certain "forward looking statements" made pursuant to
the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. These statements involve known and unknown risks,
uncertainties and other factors, many of which are beyond the control of
Tuxis Corporation, which may cause the Company's actual results to be
materially different from those expressed or implied by such statements.
The forward looking statements made herein are only made as of the date of
this release, and the Company undertakes no obligation to publicly update
such forward looking statements to reflect subsequent events or
circumstances.