Tix Corporation (the "Company") (OTCQX: TIXC), a leading provider
of discount ticketing services, sadly announces that Ben Frankel, a
highly valued member of the Company's Board of Directors passed
away on August 17, 2013. Mr. Frankel served on the Board for more
than 18 years. Mitch Francis, Chief Executive Officer of the
Company, stated, "We are deeply saddened by the sudden death of our
colleague and friend, Ben Frankel. Ben was an integral advisor and
director who will be sorely missed. We extend our deepest
condolences to Ben's family and friends."
On August 23, 2013, the Company's Board unanimously approved the
appointment of Steven L. Zelinger to the Company's Board of
Directors. Mr. Zelinger possesses over 28 years of experience, 15
years of which have been spent serving in a variety of senior
leadership and advisory positions with leading international
companies as well as emerging growth companies in various
industries, including payments, financial services, loyalty,
healthcare, technology, cybersecurity, and media and entertainment.
Mr. Zelinger also brings to the Board strong business and legal
background having served as a national law firm partner, corporate
counsel, federal prosecutor, white collar criminal defense
attorney, and counselor in international public finance and
development projects in the United States and abroad. Mr. Zelinger
graduated from Harvard, magna cum laude, and the Georgetown law
school and graduate school of foreign service with highest honors.
Mr. Zelinger is an active member of his community and currently
serves on the boards of SweetSpot, Inc., TRS Holding, Inc., and
Octet Ensemble, Inc. Additional information about Mr. Zelinger is
provided below.
Mr. Francis stated, "The addition of Steve Zelinger to our
Board, with his extensive experience and background, will bolster
the Board's ability to address issues facing the company and allow
the Board to benefit from Mr. Zelinger's governance, advisory,
legal, and operational experience. We are grateful to have Mr.
Zelinger join our Board."
Steven L. Zelinger
Mr. Zelinger started his career at the law firm of Baker and
McKenzie, serving as an associate attorney from 1985 until 1987.
From 1987 until 1992, Mr. Zelinger served as Senior Trial Attorney
for the U.S. Department of Justice in Washington, D.C. From 1992
until 1998, Mr. Zelinger was a partner at the law firm of Manatt,
Phelps & Phillips. From 1998 until 2002, Mr. Zelinger served as
Senior Vice President, Senior Counsel and Global Chief of
Litigation, Regulatory, Risk, Brand & Product Affairs of Visa
International. From 2003 until March 2008, Mr. Zelinger served as
Executive Vice President, General Counsel and Corporate Secretary
at Solidus Networks, Inc. d/b/a Pay By Touch, a biometric
authentication and payments company. From March 2008 until April
2012, Mr. Zelinger served as General Counsel and a member of senior
management of the healthcare company, Balance Health Corporation,
and an advisor to its affiliates. From April through November 2012,
and again from April 2013 to present, Mr. Zelinger served and is
serving as interim General Counsel, board secretary and advisor to
Starfish Holding, Inc. d/b/a YourOffers.com, a company providing
coupon, loyalty and rewards platforms. In addition, since April
2012, Mr. Zelinger has worked as an attorney with Axiom Global,
Inc., providing legal services to Axiom's Fortune 100 clients.
Since February 2009, Mr. Zelinger has served as an advisor to
Carbon Tracing Inc., an early-stage company developing an online
platform to monetize global carbon assets. Since March 2008, Mr.
Zelinger has served as an advisor to Bling Nation, Inc., a company
providing mobile payments and loyalty services and Lemon, Inc., an
innovative mobile and online receipts and loyalty company. From
September 2008, Mr. Zelinger has served as advisor to Shift
Systems, LLC, an early-stage cybersecurity company. Since August
2013, Mr. Zelinger has served as a legal advisor to MyLo Solutions,
Inc., which offers a training and education software platform. Mr.
Zelinger is the co-founder and since May 2008 has served as an
advisor and board member of Sweetspot, Inc., a company providing a
wi-fi based mobile platform for delivery of brands' and retailers'
rich content (including coupons, discounts, loyalty and payments)
to consumers' smartphones at the purchase point of decision in
retail and public spaces.
Mr. Zelinger beneficially owns 125 shares of the Company's
Common Stock. He is a first cousin of Mr. Francis. As any other
non-employee director of the Company, Mr. Zelinger is expected to
receive $6,250 per quarter, commencing September 2013, for serving
on the Company's Board. Mr. Zelinger's address is c/o the Company,
12711 Ventura Blvd., Suite 340, Studio City, California 91604.
About Tix Corporation
Tix Corporation (OTCQX: TIXC) provides discount ticketing
services. It currently operates eleven 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 six
months ended June 30, 2013 can be found on the Company website at
www.tixcorp.com or at www.otcqx.com.
Contact: Steve Handy CFO 818-761-1002
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