TIX Corporation Announces Agreement With Costco Wholesale Corporation to Offer Discount Entertainment Tickets to Costco Members Throughout the United States


STUDIO CITY, Calif., Dec. 10, 2008 (GLOBE NEWSWIRE) -- Tix Corporation (Nasdaq:TIXC), a leading integrated entertainment company including discount entertainment ticketing services, announced today that it has entered into an agreement with Costco Wholesale Corporation (Costco) (Nasdaq:COST) to launch a new co-branded national discount ticketing website exclusively for Costco Members through its HalfPriceTickets.com subsidiary.

Tix Corporation's subsidiary, Tix4Tonight, introduced the concept of selling last-minute discount tickets for Las Vegas' great shows, attractions, concerts, sporting events and even dining from its six prime ticket booth locations. Tix4Tonight is currently on track to sell in excess of one million tickets in 2008. This new agreement with Costco will capitalize on Tix's expertise and success in the discount ticket arena by expanding its services throughout the United States to offer discount tickets (up to 50% off face value), for concerts, live theater and sporting events via its new online co-branded website of HalfPriceTickets.com and CostcoEvents.com. The Company estimates that there are as many as 100 million unsold tickets in the United States annually.

The new Costco / HalfPricedTickets.com co-branded discount website will be the third ticketing platform added to the current Costco Event Ticket Services program, offered to over 47 million U.S. Costco members. The service is anticipated to launch late this year or early 2009.

"We are excited and honored to be working with Costco to offer value-priced ticketing services to their Members and look forward to a long and prosperous relationship," stated Mitch Francis, Chief Executive Officer of Tix Corporation. "Our discount tickets are being extremely well received in Las Vegas, where we are seeing a significantly larger percentage of visitors seeking value in today's economy. We believe our discount ticket offerings to Costco Members for events across the USA will also be enthusiastically received, which should have a positive impact on shareholder value."

About TIX Corporation

Tix Corporation is an integrated entertainment company providing: discount and premium ticketing services; event and branded merchandising; and production/promotion of live concert and theatrical events. It currently operates six 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 reservations for golf and dining 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 branded merchandise development and sales activities related to museum exhibitions and other events -- including the King Tutankhamen 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 live concert and theatrical promotion and production throughout the United States, Canada and Europe and operates under the banners of its recent acquisitions, Magic Arts and Entertainment and NewSpace Entertainment.

About Costco

Costco currently has over 53 million international and U.S. members and operates 546 warehouses, including 400 in the United States and Puerto Rico, 76 in Canada, 20 in the United Kingdom, six in Korea, five in Taiwan, eight in Japan and 31 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open an additional four new warehouses prior to the end of calendar year 2008.

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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