TIX CORPORATION DISSOLVES SPECIAL COMMITTEE
January 25 2013 - 11:50AM
OTC Markets
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consider the subsequently withdrawn acquisition proposal received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
Tix (CE) (USOTC:TIXC)
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