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PRESS RELEASES


February 4, 2004
News Release
For Immediate Release

AMEX: TUX
CUSIP 901144105



TUXIS CORPORATION ANNOUNCES REAL ESTATE ACQUISITION

NEW YORK - Tuxis Corporation (AMEX: TUX) announced today that through a newly formed subsidiary, Tuxis Real Estate LLC, it has acquired a 15,000 square foot commercial property in Mabbetsville, New York as part of its program to acquire and operate real estate properties. Tuxis intends to renovate the building and landscaping, obtain requisite zoning and other permits, engage in an active leasing program, and operate the site for multiple tenants in retail and other businesses. Tuxis Real Estate LLC also has agreed to purchase, subject to customary and other closing conditions, certain adjoining property as part of an overall re-development and enhancement of the site and may seek to further expand its property holdings in this area.

As previously announced, Tuxis intends to apply to the Securities and Exchange Commission to deregister as an investment company and continue as a publicly-held operating company listed on the American Stock Exchange subject to the reporting and other requirements of the Securities Exchange act of 1934.

Tuxis is a real estate development and service company. More information about Tuxis may be found at its web site at www.tuxis.com.



 

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Principal Office:   3814 Route 44, Millbrook, NY 12545   |  Tel: (845) 677-2700   |  Fax: (845) 677-2800
Connecticut Office:   6 Heritage Park Road, Clinton, CT 06413   |  Tel: (860) 669-9302
Tuxis Self Storage,  where "Security is Our First Priority"

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The financial information included herein is taken from the records of the Company.
This is not a prospectus, circular or representation intended for use in the purchase of shares of the Company or any securities mentioned in this web site.