SOURCE: Tix Corporation

Tix Corporation

July 11, 2013 09:00 ET

Tix Corporation Announces Two New Tix4Tonight Locations

STUDIO CITY, CA--(Marketwired - Jul 11, 2013) - Tix Corporation (the "Company") (OTCQX: TIXC), a leading provider of discount ticketing services, today announced that it has entered into two new leases for its Tix4Tonight discount ticket outlets in Las Vegas.

The first booth, located on the Bally's Las Vegas Hotel and Casino property, is expected to open on or about July 15, 2013. This location will serve as a temporary booth where a new shopping center will house a permanent Tix4Tonight booth which is currently expected to open in the summer of 2014. The Company expects to operate this temporary outlet for at least six months. 

The second booth will be located at the south entrance of the Planet Hollywood Resort and Casino and its Miracle Mile shopping mall, which together have a number of venues hosting shows and restaurants. The booth is expected to open in August 2013. 

Mitch Francis, Chief Executive Officer of the Company, stated, "We are hopeful that these two new locations, placed at highly trafficked pedestrian walkways and intersections, will generate improved ticket sales beginning in the third quarter of 2013. Our first half of 2013 revenue performance was negatively impacted by the closure of one of our locations in April 2012 and more recently, one of our major locations in February 2013, caused by large scale construction and renovation projects in Las Vegas. We are hopeful that consumer spending in Las Vegas will improve and that with these two new locations, our future revenue will grow." 

About Tix Corporation

Tix Corporation (OTCQX: TIXC) provides discount ticketing services. It currently operates nine discount ticket stores in Las Vegas under its Tix4Tonight marquee, which offers up to a 50 percent discount for same-day shows, concerts, attractions and sporting events, as well as discount reservations for dining.

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. Forward-looking statements include, but are not limited to, statements about the expected opening dates of, and operations and sales at, each of the two new locations discussed herein, potential improvements in consumer spending in Las Vegas, and our future revenues and financial position. 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 historical filings with the Securities and Exchange Commission and, since November 2010, the Company's filings with the OTCQX. The Company assumes no obligation to update these forward-looking statements. A copy of the Company's reports for the twelve months ended December 31, 2012 and the three months ended March 31, 2013 can be found on the Company website at www.tixcorp.com or at www.otcqx.com.

Contact Information

  • Contact:
    Steve Handy
    CFO
    818-761-1002