SOURCE: Tuxis Corporation

September 25, 2007 11:59 ET

Tuxis Corporation Announces First Quarter 2007 Financial Results

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.

Contact Information

  • Contact:
    Thomas O'Malley
    Chief Financial Officer
    1-212-785-9300, ext. 267
    Email Contact