STUDIO CITY, Calif., Aug. 3, 2006 (PRIMEZONE) -- Tix Corporation (OTCBB:TIXC) (the "Company") is pleased to announce that its Las Vegas half-price, same day ticket business, operated under the name "Tix4Tonight", set a new monthly record for ticket sales in July 2006, both in terms of dollar volume and number of tickets sold. The Company sold nearly 52,000 tickets for the month of July 2006 and exceeded $2,000,000 in the gross transaction value of tickets sold. However, the Company reports only the commissions and fees that it earns on gross ticket sales.
"We are thrilled to be experiencing such a remarkable growth. Gross revenue for July 2006 increased by 115% over the month of July 2005," said Mitch Francis, CEO of Tix Corporation and Tix4Tonight. Mr. Francis continued, "Total gross revenue for the first seven months of 2006 also increased 115% over the same period in 2005, and our company has set new monthly records in eight out of the last ten months."
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. 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, North Strip, across from the Stardust Hotel, and a new 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.