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CIST sells hard-to-find tickets to sporting events, concerts and theatre shows through its website, over the phone and from local field offices.
CIST sells tickets to Major League Baseball, NBA Basketball, NFL Football, and NHL Hockey events.
CIST also sells Monster Jam, National Finals Rodeo, Ultimate Fighting Championship, U.S. Open Tennis Championship and WWE-World Wrestling Entertainment tickets.
Currently,
CIST is offering concert tickets for acts such as Taylor Swift, Bon Jovi, Lady Gaga, and Elton John & Billy Joel, to name a few.
Theatre tickets offered by
CIST include shows like Wicked, The Jersey Boys, South Pacific, and Phantom of the Opera, among others.
Racing events include the Daytona 500 at Daytona International Speedway as well as the Atlanta Motor Speedway, Darlington Raceway, Indianapolis Motor Speedway, Michigan International Speedway, Pocono Raceway and Watkins Glen International.
In addition to selling tickets,
CIST allows individuals to sell their own tickets on its website, CitySideTickets.com .
CIST is one of the top ticket sellers in the Northeast and is poised to become a national leader through upcoming acquisition of smaller ticket firms across the country.
CIST recently signed a Letter of Intent to acquire StadiumTickets.com , an international entertainment and event ticket broker exchange.
The lucrative secondary ticket market has undergone an incredible transformation since the mid-1990s.
In an industry as old as ancient Rome, tickets closest to the Emperor`s box were highly prized and sold at a premium.
These days prime seats are considered courtside at an NBA game or front row at a rock concert.
Scalpers used to serve the needs of the secondary ticket market, but those days are coming to an end.
Secondary ticket brokers have become slick, technology-driven, multi-billion dollar businesses.
Forrester Research said the ticket resale business was a natural one to move online.
Online secondary ticket sales in the U.S. is expected to reach $4.5 billion by 2012.
State-of-the-art online programs allow tickets to be bought at home and resold with the ease of a mouse click or quickly forwarded to a friend or business associate.
CIST believes that capturing even a small percentage of the market share will create value for its shareholders.
Ticketmaster recently merged with Live Nation to create a goliath in the ticket industry, Live Nation Entertainment.
Before the latest deal, Ticketmaster had been on an M&A frenzy, gobbling up and taking significant interest in a variety of companies in the ticket industry.
Ticketmaster paid $265 million for TicketsNow and $123 million for a 30% share of Front Line Management, a major concert manager.
In two separate and private deals, Ticketmaster also paid untold millions for VIP ticket seller SLO Limited and GET ME IN, another online ticket reseller.
eBay bought StubHub for $310 million in 2007 and venture capital firm Kleiner Perkins led a $26 million investment in RazorGator back in 2005.
As
CIST continues to grow, it may one day find itself as an acquisition target.
CIST shareholders should be handsomely rewarded in such a situation.
Visit the corporate website, Yahoo Finance, and Pink Sheets for more information.
http://www.citysidetickets.com http://finance.yahoo.com/qs=
CIST.PK http://www.pinksheets.com/pink/quote/quote.jspsymbol=
CIST
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