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Tix Corporation Completes the Sale of Its Exhibit Merchandising Subsidiary Assets(July 13, 2012)
STUDIO CITY, CA -- (Marketwire) -- 07/13/12 -- 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 Contact:
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.
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