SOURCE: Tix Corporation

Tix Corporation

April 08, 2011 18:30 ET

Tix Corporation Amends Compensation Table in Annual Report

STUDIO CITY, CA--(Marketwire - Apr 8, 2011) - (April 8, 2011) -- Tix Corporation ("Tix" or the "Company") (OTCQX: TIXC), a leading entertainment company providing discount ticketing services and branded event merchandising, today announced that it had amended its annual report for the year ended December 31, 2010 (the "Annual Report"). The sole purpose of the amendment was to correct an administrative transposition relating to the total amount of compensation paid to Mitch Francis, the Company's chief executive officer, during the year ended December 31, 2010. The correct amount of such compensation is $1,091,000, as opposed to the $1,901,000 figure originally included in the Annual Report. The error did not impact the Company's financial statements or any other disclosures in the Annual Report.

About Tix Corporation

Tix Corporation is an entertainment company providing discount ticketing services and branded event merchandising. It currently operates eleven discount ticket stores in Las Vegas under the Tix4Tonight marquee, which offer up to a 50 percent discount for same-day shows, concerts, attractions and sporting events, as well as discount reservations for dining. The Company is also engaged in branded merchandise development and sales activities related to museum exhibitions and other events, including the King Tutankhamun, Cleopatra and Real Pirates tours as well as selling themed souvenir memorabilia and collectors items in specialty stores in conjunction with the specific events and venues.

Safe Harbor Statement

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the Company's various filings with the Securities and Exchange Commission and the OTCQX. The Company assumes no obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:
    Steve Handy
    Chief Financial Officer
    Tix Corporation