EX-99.1
8
v084186_ex99-1.htm
Unassociated Document
Tix
Corporation Acquires Exhibit Merchandising LLC
Studio
City, California
- August
13, 2007 - TIX
CORPORATION (OTCBB: TIXC) is pleased to announce that it has acquired Exhibit
Merchandising LLC.
Under
the
terms of the acquisition, Tix Corporation purchased all of the assets of Exhibit
Merchandising LLC for a total of approximately $11,450,000 in cash, (including
approximately $3,450,000 for inventory), and 5,000,000 restricted shares of
Tix
Corporation common stock.
Based
in
Akron, Ohio, Exhibit Merchandising LLC was formed to handle the affiliated
merchandising opportunities that its principals created in Arts &
Exhibitions, a partner in the successful King Tutankhamen museum exhibition
currently touring many of the world's top museums. Exhibit Merchandising was
able to successfully negotiate exclusive merchandising rights for the King
Tut
tour, which immediately made the company both profitable and highly visible
in
the museum market. Exhibit Merchandising was also able to secure a similar
contract for a "Pirates" museum tour which commenced in June of 2007. Exhibit
Merchandising sells themed souvenirs, memorabilia and collector's items in
specialty stores it operates within the museums presenting the exhibitions.
Merchandising and store rights for future museum exhibition tours have been
contracted.
Mitch
Francis, CEO of Tix Corporation said, "We are thrilled by this acquisition and
believe the Company will benefit greatly in three distinct ways. First, Exhibit
Merchandising has the potential of generating significant revenue from its
branded merchandise sales at the extremely high-profile exhibitions it already
has under contract. Second, the outstanding sources for the supply of branded
merchandise coupled with mature expertise in the marketing and sales of the
products provide the Company with an opportunity to expand the business by
offering these capabilities to the producers of top shows and entertainment
with
whom Tix enjoys multiple-year relationships. Third, as Tix Corporation begins
to
take its ticket selling business models nationwide, there is a potential for
involvement in the marketing and ticketing of the exhibits
themselves".
Mr.
Francis continued, "The partners of Exhibit Merchandising, Lee Marshall, Joe
Marsh and John Norman have built a fantastic business with an exceptional staff
headed by Curt Bechdel directing the day-to-day operations. The entire staff
has
accepted employment with our Company and Lee Marshall has agreed to be a
consultant for the business, actually overseeing the operations. I am confident
that Exhibit Merchandising will make a significant contribution to Tix
Corporation and greatly enhance our shareholder value for many years to
come."
Tix
Corporation's wholly-owned subsidiary, Tix4Tonight, sells tickets for Las Vegas
shows, concerts, attractions and sporting events at half-price, on the same
day
of the performance. The Company also offers two additional discount products
at
its Las Vegas facilities, Tix4Golf and Tix4Dinners. Tix4Golf offers discount
golf tee times for over 35 courses in Las Vegas for both same-day and advanced
bookings and Tix4Dinners offers up to 50% off entrees at local Las Vegas
restaurants and buffets. The Company's recent acquisition, Tix4AnyEvent.com,
sells premium tickets to concerts, theater and sporting events throughout the
country.
Tix4Tonight
has four prime ticket booth facilities, strategically placed at highly
foot-trafficked locations in Las Vegas, Nevada. They include: 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 new Wynn Resort at the middle
of the Strip; at the 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.
For
more
information and answers to typical questions about how the Tix4Tonight service
works, call 877-849-4868 or visit www.tix4tonight.com.
Cautionary
Statement pursuant to Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995:
All
statements in this news release that are not statements of historical fact
are
deemed to be forward-looking statements. 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. Many of these risks and uncertainties are identified in the
Company's filings with the Securities and Exchange Commission. The Company
assumes no obligation to update these forward-looking statements. This document
is only for the general information of shareholders, potential investors and
other interested parties, and is not to be construed as an offer to sell or
the
solicitation of an offer to buy any securities. The opinions expressed herein
are the current opinions of management as of the date appearing on this
document.
Press
Release Source: TIX CORPORATION
Media
Contacts:
TIX
CORPORATION
Mitch
Francis, Chief Executive Officer
818-761-1002

EX - 99 . 1 8 v084186 _ ex99 - 1 . htm Un associated Document Tix Corporation Acquires Exhibit Merchandising LLC Studio City , California - August 13 , 2007 - TIX CORPORATION ( OTCBB : TIXC ) is pleased to announce that it has acquired Exhibit Merchandising LLC . Under the terms of the acquisition , Tix Corporation purchased all of the assets of Exhibit Merchandising LLC for a total of approximately $ 11,450,000 in cash , ( including approximately $ 3,450,000 for inventory ) , and 5,000,000 restricted shares of Tix Corporation common stock . Based in Akron , Ohio , Exhibit Merchandising LLC was formed to handle the affiliated merchandising opportunities that its principals created in Arts & Exhibitions , a partner in the successful King Tutankhamen museum exhibition currently touring many of the world 's top museums . Exhibit Merchandising was able to successfully negotiate exclusive merchandising rights for the King Tut tour , which immediately made the company both profitable and highly visible in the museum market . Exhibit Merchandising was also able to secure a similar contract for a " Pirates " museum tour which commenced in June of 2007 . Exhibit Merchandising sells themed souvenirs , memorabilia and collector 's items in specialty stores it operates within the museums presenting the exhibitions . Merchandising and store rights for future museum exhibition tours have been contracted . Mitch Francis , CEO of Tix Corporation said , " We are thrilled by this acquisition and believe the Company will benefit greatly in three distinct ways . First , Exhibit Merchandising has the potential of generating significant revenue from its branded merchandise sales at the extremely high - profile exhibitions it already has under contract . Second , the outstanding sources for the supply of branded merchandise coupled with mature expertise in the marketing and sales of the products provide the Company with an opportunity to expand the business by offering these capabilities to the producers of top shows and entertainment with whom Tix enjoys multiple - year relationships . Third , as Tix Corporation begins to take its ticket selling business models nationwide , there is a potential for involvement in the marketing and ticketing of the exhibits themselves " . Mr . Francis continued , " The partners of Exhibit Merchandising , Lee Marshall , Joe Marsh and John Norman have built a fantastic business with an exceptional staff headed by Curt Bechdel directing the day - to - day operations . The entire staff has accepted employment with our Company and Lee Marshall has agreed to be a consultant for the business , actually overseeing the operations . I am confident that Exhibit Merchandising will make a significant contribution to Tix Corporation and greatly enhance our shareholder value for many years to come . " Tix Corporation 's wholly - owned subsidiary , Tix4Tonight , sells tickets for Las Vegas shows , concerts , attractions and sporting events at half - price , on the same day of the performance . The Company also offers two additional discount products at its Las Vegas facilities , Tix4Golf and Tix4Dinners . Tix4Golf offers discount golf tee times for over 35 courses in Las Vegas for both same - day and advanced bookings and Tix4Dinners offers up to 50 % off entrees at local Las Vegas restaurants and buffets . The Company 's recent acquisition , Tix4AnyEvent.com , sells premium tickets to concerts , theater and sporting events throughout the country . Tix4Tonight has four prime ticket booth facilities , strategically placed at highly foot - trafficked locations in Las Vegas , Nevada . They include : 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 new Wynn Resort at the middle of the Strip ; at the 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 . For more information and answers to typical questions about how the Tix4Tonight service works , call 877 - 849 - 4868 or visit www.tix4tonight.com . Cautionary Statement pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 : All statements in this news release that are not statements of historical fact are deemed to be forward - looking statements . 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 . Many of these risks and uncertainties are identified in the Company 's filings with the Securities and Exchange Commission . The Company assumes no obligation to update these forward - looking statements . This document is only for the general information of shareholders , potential investors and other interested parties , and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities . The opinions expressed herein are the current opinions of management as of the date appearing on this document . Press Release Source : TIX CORPORATION Media Contacts : TIX CORPORATION Mitch Francis , Chief Executive Officer 818 - 761 - 1002