NEW YORK, NY -- (Marketwire) -- 05/20/09 -- Tuxis Corporation (PINKSHEETS: TUXS) today reported its financial results for the year ended December 31, 2008.
Tuxis recorded a net loss of $434,373 or $0.44 per share for the year ended December 31, 2008 compared to a net loss of $526,710 or $0.53 per share for the year ended December 31, 2007.
The Company's unaudited consolidated balance sheets, statements of income, and statements of cash flows as of and for the year ended December 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. Tuxis Self Storage at Heritage Park, Clinton, Connecticut, is a 185 unit self storage facility which offers a mix of standard and climate control units. Tuxis Self Storage at Millbrook Commons, Millbrook, New York, is a 118 unit climate control self storage facility which is under construction and is forecasted to be completed by the second quarter of 2009. To learn more about our self storage facilities 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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