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PRESS RELEASES


March 1, 2004
News Release
For Immediate Release

AMEX: TUX
CUSIP 901144105



TUXIS CORPORATION ANNOUNCES CHANGES TO
NET ASSET VALUATION CALCULATION

NEW YORK - Tuxis Corporation (AMEX: TUX) announced today that commencing March 1, 2004 the determination and publication of its net asset value will be performed on a monthly basis as of the end of each calendar month. The Company also announced that effective April 30, 2004 its net asset value accounting agreement with an external service will be terminated and effective May 1, 2004 net asset value will no longer be outsourced but will be calculated monthly internally . The changes in net asset value calculation reflect the Company's focus on real estate operations. Currently, substantially all of Tuxis' assets are comprised of real estate and cash and government securities.

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"

This web site, including the financial statements included herein, is provided to the shareholders of the Company for their information.
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.