Tix Corporation Dissolves Special Committee
January 25 2013 - 9:00AM
Marketwired
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withdrawn acquisition proposal received from Mitch Francis, the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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