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Tuxis Corporation Announces 2021 Financial Results, Property Acquisition, Election of Director, and Amended Bylaws
Tuxis Corporation Announces 2021 Financial Results, Property Acquisition, Election of Director, and Amended Bylaws.
About this update from Tuxis Corp.
[{"type":"text","content":"MILLBROOK, NY / ACCESSWIRE / June 17, 2022 / Tuxis Corporation (Stock Symbol:TUXS) ("Tuxis" or the "Company") today reported its financial results for the year ended December 31, 2021.The Company recorded net income of $341,866 or $0.28 per diluted share for the year ended December 31, 2021 compared to a net loss of $165,407 or $0.13 per diluted share for the year ended December 31, 2020.The Company's book value per share at December 31, 2021 was $6.23 (shareholders' equity of $7,735,969 divided by 1,241,441 shares issued and outstanding).Property AcquisitionOn December 29, 2021, the Company acquired a vacant former Home Depot in Lima, Ohio consisting of a 95,000 gross square foot building and approximately 35 acres of land for $2.95 million. The Company plans to convert the building to accommodate self storage. The conversion will depend on the Company obtaining financing for the conversion and other factors. The conversion effort may or may not be successful.Election of DirectorSusan E. Parker was reelected to the board of directors of the Company as a Class II Director to serve until the 2025 annual meeting of stockholders, or thereafter when her successor is duly elected and qualifies. This announcement was made at the conclusion of the Company's Annual Meeting of Stockholders on June 16, 2022.Amended BylawsThe Company announced today that it amended its bylaws effective June 16, 2022. The amended bylaws may be obtained at www.tuxis.com.The limited information above in this press release is not adequate for making an informed investment judgment, and we urge stockholders and investors to read the Company's audited annual report for the year ended December 31, 2021, which is available at www.tuxis.com and www.otcmarkets.com under the Company's stock symbol.About Tuxis CorporationThe objective of Tuxis Corporation, a holding company, is to increase book value per share over time for the benefit of its shareholders. The Company engages through subsidiaries primarily in real estate development and management. To learn more about Tuxis Corporation, including Rule 15c2-11 information, please visit www.tuxis.com.Cautionary Note Regarding Forward Looking StatementsCertain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities law...