Tix Corporation Announces Its Sixth Las Vegas Discount Ticket Booth to Be Located in the Heart of Las Vegas
STUDIO CITY, Calif., Oct. 2, 2008 (GLOBE NEWSWIRE) — Tix Corporation (Nasdaq:TIXC), a leading integrated entertainment company providing ticketing services, event merchandising and concert and theatrical productions, today announced that the Company’s subsidiary, Tix4Tonight LLC, has signed a lease for a new discount ticket booth located in Bill’s Gamblin’ Hall & Saloon, formerly the Barbary Coast Hotel and Casino, owned by Harrah’s Entertainment, Inc.
The facility is located in the heart of the Las Vegas strip at the corner of Las Vegas Blvd. and Flamingo Road at a highly foot-trafficked intersection that includes other popular destinations such as Bally’s, the Bellagio and Caesars Palace. The facility is scheduled to open in October 2008.
“This is a great new location for us and complements our existing ticket facilities. We expect this new location will generate a significant number of ticket sales beginning in the fourth quarter of 2008 and beyond,” stated Mitch Francis, Chief Executive Officer. “In 2007 we sold 750,000 tickets for Las Vegas shows and we are on track to sell approximately one million tickets in 2008.”
In addition to the new location at Bill’s Gamblin’ Hall & Saloon, Tix4Tonight has five prime discount ticket booth facilities, strategically placed at highly foot-trafficked locations in Las Vegas, Nevada. They include the world famous giant glass Coke bottle on the Las Vegas Strip at the Showcase Mall in front of the MGM Grand Hotel, the Hawaiian Marketplace at the South end of the Strip, the Fashion Show Mall in front of Neiman Marcus, directly across the street from the Wynn Resort, North Strip, just South of the Riviera Hotel, and a downtown Las Vegas facility in the Four Queens Hotel, fronting onto the Fremont Street Experience.
About Tix Corporation
Tix Corporation is an integrated entertainment company focusing on ticketing services, event merchandising and the production and promotion of live entertainment. It currently operates five prime locations in Las Vegas under the Tix4Tonight marquee, offering up to a 50 percent discount for same-day shows, concerts, attractions and sporting events. It also offers discount dining and golf reservations at its sales locations in Las Vegas. The Company also offers premium tickets to concerts, theater and sporting events throughout the United States under its Tix4AnyEvent.com brand. Its Exhibit Merchandising operation is engaged in branding, product merchandise development and sales activities related to museum exhibitions and other events including King Tutankhamen and the Golden Age of the Pharaohs, King Tutankhamen II, Egyptian Undersea Treasures and Real Pirates tours, selling themed souvenir memorabilia and collector’s items in specialty stores in conjunction with the specific events and venues. The Company’s newest division, Tix Productions, is dedicated to concert and live theatrical promotion and production of events throughout the United States, Canada and Europe and operates under the banners of its recent acquisitions, Magic Arts and 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.
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CONTACT: ICR, Inc. John Mills Anne Rakunas (310) 954-1100