STUDIO CITY, CA -- (Marketwired) -- 08/29/13 --
Tix Corporation (the "Company") (OTCQX: TIXC), a leading provider of discount ticketing services, sadly announces that Ben Frankel, a highly valued member of the Company's Board of Directors passed away on August 17, 2013. Mr. Frankel served on the Board for more than 18 years. Mitch Francis, Chief Executive Officer of the Company, stated, "We are deeply saddened by the sudden death of our colleague and friend, Ben Frankel. Ben was an integral advisor and director who will be sorely missed. We extend our deepest condolences to Ben's family and friends."
On August 23, 2013, the Company's Board unanimously approved the appointment of Steven L. Zelinger to the Company's Board of Directors. Mr. Zelinger possesses over 28 years of experience, 15 years of which have been spent serving in a variety of senior leadership and advisory positions with leading international companies as well as emerging growth companies in various industries, including payments, financial services, loyalty, healthcare, technology, cybersecurity, and media and entertainment. Mr. Zelinger also brings to the Board strong business and legal background having served as a national law firm partner, corporate counsel, federal prosecutor, white collar criminal defense attorney, and counselor in international public finance and development projects in the United States and abroad. Mr. Zelinger graduated from Harvard, magna cum laude, and the Georgetown law school and graduate school of foreign service with highest honors. Mr. Zelinger is an active member of his community and currently serves on the boards of SweetSpot, Inc., TRS Holding, Inc., and Octet Ensemble, Inc. Additional information about Mr. Zelinger is provided below.
Mr. Francis stated, "The addition of Steve Zelinger to our Board, with his extensive experience and background, will bolster the Board's ability to address issues facing the company and allow the Board to benefit from Mr. Zelinger's governance, advisory, legal, and operational experience. We are grateful to have Mr. Zelinger join our Board."
Steven L. Zelinger
Mr. Zelinger started his career at the law firm of Baker and McKenzie, serving as an associate attorney from 1985 until 1987. From 1987 until 1992, Mr. Zelinger served as Senior Trial Attorney for the U.S. Department of Justice in Washington, D.C. From 1992 until 1998, Mr. Zelinger was a partner at the law firm of Manatt, Phelps & Phillips. From 1998 until 2002, Mr. Zelinger served as Senior Vice President, Senior Counsel and Global Chief of Litigation, Regulatory, Risk, Brand & Product Affairs of Visa International. From 2003 until March 2008, Mr. Zelinger served as Executive Vice President, General Counsel and Corporate Secretary at Solidus Networks, Inc. d/b/a Pay By Touch, a biometric authentication and payments company. From March 2008 until April 2012, Mr. Zelinger served as General Counsel and a member of senior management of the healthcare company, Balance Health Corporation, and an advisor to its affiliates. From April through November 2012, and again from April 2013 to present, Mr. Zelinger served and is serving as interim General Counsel, board secretary and advisor to Starfish Holding, Inc. d/b/a YourOffers.com, a company providing coupon, loyalty and rewards platforms. In addition, since April 2012, Mr. Zelinger has worked as an attorney with Axiom Global, Inc., providing legal services to Axiom's Fortune 100 clients. Since February 2009, Mr. Zelinger has served as an advisor to Carbon Tracing Inc., an early-stage company developing an online platform to monetize global carbon assets. Since March 2008, Mr. Zelinger has served as an advisor to Bling Nation, Inc., a company providing mobile payments and loyalty services and Lemon, Inc., an innovative mobile and online receipts and loyalty company. From September 2008, Mr. Zelinger has served as advisor to Shift Systems, LLC, an early-stage cybersecurity company. Since August 2013, Mr. Zelinger has served as a legal advisor to MyLo Solutions, Inc., which offers a training and education software platform. Mr. Zelinger is the co-founder and since May 2008 has served as an advisor and board member of Sweetspot, Inc., a company providing a wi-fi based mobile platform for delivery of brands' and retailers' rich content (including coupons, discounts, loyalty and payments) to consumers' smartphones at the purchase point of decision in retail and public spaces.
Mr. Zelinger beneficially owns 125 shares of the Company's Common Stock. He is a first cousin of Mr. Francis. As any other non-employee director of the Company, Mr. Zelinger is expected to receive $6,250 per quarter, commencing September 2013, for serving on the Company's Board. Mr. Zelinger's address is c/o the Company, 12711 Ventura Blvd., Suite 340, Studio City, California 91604.
About Tix Corporation
Tix Corporation (OTCQX: TIXC) provides discount ticketing services. It currently operates eleven discount ticket stores in Las Vegas under its Tix4Tonight marquee, which offers up to a 50 percent discount for same-day shows, concerts, attractions and sporting events, as well as discount reservations for dining.
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. Forward-looking statements include, but are not limited to, statements about the expected opening dates of, and operations and sales at, each of the two new locations discussed herein, potential improvements in consumer spending in Las Vegas, and our future revenues and financial position. 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 historical filings with the Securities and Exchange Commission and, since November 2010, the Company's filings with the OTCQX. The Company assumes no obligation to update these forward-looking statements. A copy of the Company's reports for the twelve months ended December 31, 2012 and the six months ended June 30, 2013 can be found on the Company website at www.tixcorp.com or at www.otcqx.com.
Source: Tix Corporation