NEW YORK, March 3, 2003 (PRIMEZONE) -- A quarterly dividend distribution of $.15 per share for the quarter ending March 31, 2003 was declared today by Tuxis Corporation (AMEX:TUX), payable March 31, 2003 to shareholders of record March 17, 2003. This quarterly dividend distribution, as compared with the December dividend of $.22, reflects the discontinuation of the Company's managed 10% distribution policy by the Board of Directors. As noted in the June 30, 2002 and December 31, 2002 shareholder reports, the quarterly dividend may be further reduced or eliminated.
Currently, Tuxis is following through on shareholder approval to change the nature of the Company's business so as to cease to be an investment company and to concentrate in real estate and related services and in that connection management is conducting a real estate review, development, and acquisition program. More information about the Company can be found at www.tuxis.com.