Contact Information: Contact: Thomas O'Malley Chief Financial Officer 1-212-785-9300, ext. 267
Tuxis Corporation Announces First Quarter 2007 Financial Results
| Source: Tuxis Corporation
NEW YORK, NY--(Marketwire - September 25, 2007) - Tuxis Corporation (PINKSHEETS : TUXS ) announced
today its financial results for the first quarter ended March 31, 2007. The
Company reported a net loss in the first quarter of 2007 of $131,863
compared to a net loss of $180,896 for the same quarter in 2006. The net
loss per share was $0.13 for the first quarter of 2007 compared to a net
loss per share of $0.18 for the first quarter of 2006. Total revenue
decreased $11,000 and total expenses decreased $63,000 in the first quarter
of 2007 compared to the first quarter of 2006. The Company attributes the
decrease in total expenses to no longer having to bear both the direct and
indirect expenses associated with being listed on the American Stock
Exchange and having to prepare and file periodic reports with the
Securities and Exchange Commission. The Company delisted and deregistered
its common stock on March 8, 2007.
The Company's unaudited balance sheet, statements of income, and statements
of cash flows as of and for the first quarter ended March 31, 2007 are
appended to the copy of this press release on www.tuxis.com.
Tuxis is a real estate development and service company. 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.