***NEWS!!!*** Tix Corporation Announces Tix4Tonight Expansion with 8th Las Vegas Location
Nov 20, 2009 8:00:00 AM
Copyright Business Wire 2009
Town Square Shopping Center Location Positioned to Reach Local Audience
STUDIO CITY, Calif.--(BUSINESS WIRE)-- Tix Corporation (Nasdaq: TIXC), an integrated entertainment company, today announced that it has entered into a new lease for its eighth Tix4Tonight discount ticket outlet, to be located at the Town Square Shopping Center in Las Vegas. Opening is scheduled for December 2009.
Town Square Shopping Center is a heavily-trafficked mall located about a mile south of Mandalay Bay near the Las Vegas McCarran Airport. It is uniquely designed with a feel of small-town America. Since its opening about a year ago it has attracted both locals and visitors alike.
"Our presence at this lively and attractive new mall will allow Las Vegas residents greater access to our discount show tickets, discount dinner and golf reservations. We are excited about the opportunity to provide locals with a first class discount ticket-buying experience to high-quality, affordable entertainment at a location they are probably already frequenting," said Mitch Francis, Chairman and CEO of Tix Corporation. "We expect to reach this additional customer segment without incurring significant additional operational overhead."
Open daily at 10 AM, Tix4Tonight offers same-day tickets to more than 70 Las Vegas shows and attractions at discounts of up to half off the box office price. Each location also offers discount tee times through Tix4Golf and discount meals through Tix4Dinner, which typically books more than 30,000 restaurant reservations each month to popular Las Vegas restaurants.
The Company's discount ticketing division, Tix4Tonight, increased the number of discount show tickets sold by 22% to 344,000 tickets in the third quarter of 2009 compared to the comparable period in the prior year. The gross sales value of discount show tickets sold, commissions and fees earned on the sale of discount tickets to customers increased 39% to $19.5 million.
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.
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 filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements.
Source: Tix Corporation
----------------------------------------------
Makovsky + Co.
For Media:
Michael Goodwin
212-508-9639
mgoodwin@makovsky.com
or
For Investors:
Gene Marbach
212-508-9645
gmarbach@makovsky.com
or:
Daniela Viola
212-508-9676
dviola@makovsky.com
