NEW YORK, NY -- (MARKET WIRE) -- 05/22/08 -- 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.
Chief Financial Officer
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