TIX CORPORATION DISSOLVES SPECIAL COMMITTEE
Jan 25, 2013
OTC Disclosure News Service
Studio City, CA
STUDIO CITY, CA, January 25, 2013 – Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, today announced that the Special Committee formed in June 2012 to consider the subsequently withdrawn acquisition proposal received from Mitch Francis, the Company’s Chairman of the Board, President and Chief Executive Officer and to analyze strategic alternatives for the Company, has concluded its analysis of strategic alternatives, including soliciting third parties regarding their potential interest in acquiring the Company. Upon the unanimous recommendation of the Special Committee, the Board of Directors dissolved the Special Committee with no action taken as a result of the Special Committee’s review. The Board of Directors continues to explore other means to maximize shareholder value.
About Tix Corporation
Tix Corporation (OTCQX: TIXC) provides discount ticketing services. It currently operates ten 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. 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 report for the twelve months ended December 31, 2011 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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