Tix Corporation Provides Update to Investors

 

STUDIO CITY...July 19, 2018 -- Tix Corporation (the "Company") (OTCQX:TIXC), a leading provider of discount ticketing services, today is providing an update to investors. 

Tix Corporation has recently engaged in discussions with MGM Resorts International ("MGM Resorts") in connection with a potential transaction, which may include the acquisition of all of the outstanding shares of the Company.  Tix wishes to clarify for its shareholders that throughout its discussions with MGM Resorts it indicated to MGM Resorts its continued interest in further dialogue regarding a potential transaction.   There is no assurance that the current discussions will result in any transaction.

The Company has always been open to any transaction that maximizes value for all shareholders.  While management and the board of directors remain focused on efficiently running the business, we will evaluate all potential transactions and take actions that are in the best interests of all shareholders.

About Tix Corporation

Tix Corporation (OTCQX:TIXC) provides discount ticketing services. It currently operates nine discount ticket stores in Las Vegas under its Tix4Tonight marquee and two online properties www.tix4tonight.com and www.tix4.com, which offers up to a 50 percent discount for shows, concerts, attractions, and tours, as well as discount dining and shopping offers.  Tix4Tonight also serves as the Official Las Vegas Guest Services Partner for Expedia and its other brands. The co-branded Expedia Local Expert service provides both pre-arrival concierge-type services and in-market concierge-type desk services and related customer service support at physical locations in Las Vegas and online, featuring Tix4Tonight's inventory of discount show and attraction tickets, along with discount dining deals.


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