Tix Corporation Announces Two New Tix4Tonight Locations
11 July 2013 - 11:00PM
Marketwired
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: Steve Handy CFO 818-761-1002
Tix (CE) (USOTC:TIXC)
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