Tix Corp. (TIXC) Board OKs New Stock Repurchase Program
Tix Corp. is an integrated entertainment company offering discounted and premium ticketing services, strategic merchandising, and the production/promotion of live concert and theatrical events. The company today announced its board of directors has given the green light for the company to occasionally repurchase up to 1 million shares of its common stock. As of June 15, 2009, Tix had about 32.8 million shares of common stock outstanding. The stock repurchase program will go into effect June 23, 2009, and will run for two years. "We have been very pleased with the performance of our businesses and are confident in the…