Written by S. Monteban    Friday, 04 December 2009 14:26   
Tix Corporation Amends Share Repurchase Authorization
altTix Corporation (Nasdaq: TIXC), an integrated entertainment company, today announced that its Board of Directors has amended the company's share repurchase authorization from the current 1 million to 5 million shares, reflecting the Board's belief that TIX Corporation's shares represent an attractive value in today's market. The repurchase period has been extended to 3 years. "This increase in our share repurchase authorization provides the Company with more flexibility to take advantage of market opportunities," said Mitch Francis, Chairman and CEO of Tix Corporation. "This announcement underscores our continued financial strength and demonstrates the confidence we have in our ability to generate the cash flow necessary to continue executing our capital deployment strategy, which includes enhancing shareowner value through share repurchases."

The timing and total amount of share repurchases will depend upon market conditions. The repurchases will be made in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.
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