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PRESS RELEASES


July 24, 2001
News Release
For Immediate Release

AMEX: TUX
CUSIP 901144105



TUXIS CORPORATION ADOPTS NEW LONG TERM INVESTMENT POLICY

NEW YORK - Tuxis Corporation (AMEX: TUX), a closed-end fund listed on the American Stock Exchange, announced today that the Board of Directors has approved of a new investment policy to own through internal development or acquisition majority stakes in new and small businesses (including privately owned companies) with an emphasis on real estate. Since this new policy may result in Tuxis no longer being or holding itself out as being engaged primarily in the business of investing, reinvesting, or trading in securities, the Board of Directors has called a special meeting of the shareholders to (i) consider and vote on authorizing Tuxis to change the nature of its business so as to cease to be an investment company and (ii) approve certain related matters.



 

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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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