Tix Corporation Completes the Sale of Its Exhibit Merchandising Subsidiary Assets
July 13 2012 - 9:00AM
Marketwired
Tix Corporation (the "Company") (OTCQX: TIXC) (PINKSHEETS: TIXC), a
leading entertainment company providing discount ticketing
services, today announced that it completed the sale of principally
all of the assets of its subsidiary, Exhibit Merchandising, LLC
("EM"), to Premier Exhibition Management, LLC for a total
consideration of $125,000. Premier Exhibition Management, LLC
acquired primarily EM's fixed assets and inventory and agreed to
assume certain existing obligations of EM.
About TIX Corporation Tix Corporation
(OTCQX: TIXC) is an entertainment company providing discount
ticketing services. It currently operates ten 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.
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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