Tuxis Corporation Announces its Application to Subscribe to the OTC Disclosure & News Service and Intention to Qualify for the OTC Pink Current Information Tier
Tuxis Corporation (OTC PINK:TUXS) announced on September 7, 2021, that it has submitted an application for the OTC Disclosure and News Service, aiming to qualify its common stock for the OTC Pink Current Information Tier. This move is intended to maintain eligibility for public quotations following Exchange Act Rule 15c2-11. However, the Company warns that there is no guarantee that the application will be accepted or that it will remain eligible for public quotations in the future.
- Application submitted for the OTC Disclosure and News Service to qualify for OTC Pink Current Information Tier.
- No assurance of acceptance for the application or continued eligibility for public quotations.
MILLBROOK, NY / ACCESSWIRE / September 7, 2021 / Tuxis Corporation (OTC PINK:TUXS) ("Tuxis" or the "Company") today announced that it has submitted an application to subscribe to the OTC Disclosure and News Service and intends to qualify its common stock for the OTC Pink Current Information Tier in connection with, among other things, maintaining eligibility for public quotations in the OTC market pursuant to Exchange Act Rule 15c2-11.
There is no assurance as to when or if the application to the OTC Disclosure and News Service will be accepted, that the Company will be eligible for public quotations pursuant to Rule 15c2-11 or any other applicable regulation, or that, if accepted, the Company will continue to maintain the OTC Disclosure and News Service and/or Pink Current Information Tier.
About Tuxis Corporation
Tuxis Corporation is a holding company that 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 Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements concerning the Company's plans, including its plans as to the use of the proceeds from the sale, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward-looking statements by the Company involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company's actual results to be materially different from those expressed or implied by such statements, including the negative impacts from the continued spread of COVID-19 on the economy, the broader financial markets, the Company's financial condition, and results of operations and cash flows. The Company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the Company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith, but there can be no assurance that the Company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The Company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Contact:
Thomas O'Malley
Chief Financial Officer
1-212-785-0900, ext. 267
tomalley@tuxis.com
www.tuxis.com
SOURCE: Tuxis Corporation
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