Tix Corporation (TIXC)

[momentum74]

TIXC news out link pasted. I think this stock is down 7 days in a row because of a short attack. Looking for a bounce trade tomorrow imo

http://ih.advfn.com/p.php?pid=nmona&article=40440999&symbol=TIXC

Tix Corporation Addresses Recent Stock Volatility
Date : 11/19/2009 @ 3:55PM
Source : Business Wire
Stock : Tix Corporation (TIXC)
Quote : 1.82 -0.754 (-29.29%) @ 4:43PM


Tix Corporation Addresses Recent Stock Volatility





Tix Corporation (Nasdaq: TIXC), an integrated entertainment company, in response to shareholder inquiries, today announced that it is unaware of any new developments concerning its business operations that could account for the recent sharp decline to the current market price of the Company's common shares. As previously disclosed in the earnings release for the third fiscal quarter of 2009, the Company expects continued revenue growth and improved profitability for the fourth quarter.


”As a matter of policy, the Company generally does not address trading trends of its stock,” said Mitch Francis, Chairman and CEO of Tix Corporation. “However, given the recent unprecedented stock price decline and shareholder inquiries we thought it appropriate to communicate to our shareholders.


”The fundamentals of our business remain unchanged. We continue to believe that we have a strong fourth quarter ahead of us in light of the strong line up of classical and new productions, most notably among them the recently launched 101 Dalmatians – The Musical. We also anticipate synergies from our integrated business model.


“Our financial position remains strong with cash balances and no debt.”

About TIX Corporation

Tix Corporation (Nasdaq: TIXC) is an integrated entertainment company providing discount and premium ticketing services, event and branded merchandising, and production/promotion of live concert and theatrical events. It currently operates seven prime locations in Las Vegas under the Tix4Tonight marquee, and offers up to a 50 percent discount for same-day shows, concerts, attractions and sporting events, as well as discount reservations for golf and dining. The Company also offers premium tickets to concerts, theater and sporting events throughout the United States under its Tix4AnyEvent.com brand. The Company's Exhibit Merchandising operation is engaged in branded merchandise development and sales activities related to museum exhibitions and other events, including the King Tutankhamun and Real Pirates tours; selling themed souvenir memorabilia and collector's items in specialty stores in conjunction with the specific events and venues. Tix Productions is dedicated to live concert and theatrical promotion and production throughout the United States, Canada and Europe and operates under the banners of Magic Arts & Entertainment and NewSpace Entertainment.


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