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Mobile Star's Karaoke Vending Machine Used Record 60 Times on Single Day
Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months
NEW YORK, March 25, 2010-- Mobile Star Corp. (OTCBB: MBST), a developer of karaoke vending machines,
announced today that its proprietary vending machine was used over 60 times,
nearly to full capacity during it's busiest day ever in New York.
Following the pilot, the company reached a preliminary distribution
agreement with Apple Industries, one of North America's premier manufacturers
and distributors of coin-operated electronic entertainment.
Apple Industries plans to distribute the Mobile Star's next-generation
entertainment vending booth, utilizing its well-established marketing
channels. Apple Industries currently operates a vast distribution network,
placing products in shopping centers, amusement parks, theaters, casinos,
restaurants, pubs, and various other tourist attractions.
Apple Industries' professional team closely monitored the New York pilot,
which confirmed the quality of the vending system and demonstrated greater
return on investment potential than initially anticipated.
Each vending machine is expected to generate over $30,000 in gross annual
revenues.
"We plan to begin marketing the machine in the second half of 2010, and
we reasonably expect to distribute over 1,000 units in the first 12 months,"
said Allen Weisberg, President of Apple Industries. "Today there are over
40,000 bars nationwide with jukeboxes. We anticipate placing the Mobile Star
in many of these locations in the coming years, in addition to other
locations such as nationwide theater chains, etc."
"The Mobile Star fits right into our lineup of machines that are
innovative and fun, and bring owners a satisfying return on investment. With
the growing national interest in karaoke, stemming from song contests like
American Idol, we are confident that the Mobile Star will quickly become a
market winner," Weisberg added.
"The Mobile Star performed incredibly well during our recent pilot,
producing over 60 recordings on a single-day," said Danny Elbaz, CEO of
Mobile Star Corp. "Such demand for the machine creates even greater return on
investment potential for a vending booth owner than previously anticipated."
About Apple Industries
Apple Industries is a premiere manufacturer and distributor of coin
operated electronic entertainment, representing some of the finest vending
manufactures in the World. Apple Industries is a wholly-owned private US
company with 45 years of history, and distribution channels throughout the
U.S. and Canada. Apple's products can be found in shopping centers, amusement
parks, theaters, casinos, tourist attractions, Restaurants and Pubs and more.
About Mobile Star
Mobile Star has developed a free-standing entertainment vending machine
that enables an individual to digitally record his or her voice singing to
hundreds of songs. The patented karaoke technology utilizes a proprietary
digital-media software platform, and professional-grade hardware to publish a
high quality CD of the performance.
For more information on Mobile Star, please visit
http://themobilestar.com.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 as amended and Section 21E of the
Securities Exchange Act of 1934 as amended. All forward-looking statements
are inherently uncertain, based on current expectations and assumptions
concerning future events or future performance of Mobile Star Corp., and its
technologies. In evaluating such statements, prospective investors should
review carefully various risks and uncertainties identified in this release,
as actual results may differ materially from those indicated. Mobile Star
Corp. public filings may be viewed at http://www.sec.gov.
Contact:
CEO, Danny Elbaz
danny@themobilestar.com
+972-54-465-5341
Source: Mobile Star Corp.
Contact: CEO, Danny Elbaz, danny@themobilestar.com, +972-54-465-5341
Mobile Star's Karaoke Vending Machine Used Record 60 Times on Single Day
Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months
NEW YORK, March 25, 2010-- Mobile Star Corp. (OTCBB: MBST), a developer of karaoke vending machines,
announced today that its proprietary vending machine was used over 60 times,
nearly to full capacity during it's busiest day ever in New York.
Following the pilot, the company reached a preliminary distribution
agreement with Apple Industries, one of North America's premier manufacturers
and distributors of coin-operated electronic entertainment.
Apple Industries plans to distribute the Mobile Star's next-generation
entertainment vending booth, utilizing its well-established marketing
channels. Apple Industries currently operates a vast distribution network,
placing products in shopping centers, amusement parks, theaters, casinos,
restaurants, pubs, and various other tourist attractions.
Apple Industries' professional team closely monitored the New York pilot,
which confirmed the quality of the vending system and demonstrated greater
return on investment potential than initially anticipated.
Each vending machine is expected to generate over $30,000 in gross annual
revenues.
"We plan to begin marketing the machine in the second half of 2010, and
we reasonably expect to distribute over 1,000 units in the first 12 months,"
said Allen Weisberg, President of Apple Industries. "Today there are over
40,000 bars nationwide with jukeboxes. We anticipate placing the Mobile Star
in many of these locations in the coming years, in addition to other
locations such as nationwide theater chains, etc."
"The Mobile Star fits right into our lineup of machines that are
innovative and fun, and bring owners a satisfying return on investment. With
the growing national interest in karaoke, stemming from song contests like
American Idol, we are confident that the Mobile Star will quickly become a
market winner," Weisberg added.
"The Mobile Star performed incredibly well during our recent pilot,
producing over 60 recordings on a single-day," said Danny Elbaz, CEO of
Mobile Star Corp. "Such demand for the machine creates even greater return on
investment potential for a vending booth owner than previously anticipated."
About Apple Industries
Apple Industries is a premiere manufacturer and distributor of coin
operated electronic entertainment, representing some of the finest vending
manufactures in the World. Apple Industries is a wholly-owned private US
company with 45 years of history, and distribution channels throughout the
U.S. and Canada. Apple's products can be found in shopping centers, amusement
parks, theaters, casinos, tourist attractions, Restaurants and Pubs and more.
About Mobile Star
Mobile Star has developed a free-standing entertainment vending machine
that enables an individual to digitally record his or her voice singing to
hundreds of songs. The patented karaoke technology utilizes a proprietary
digital-media software platform, and professional-grade hardware to publish a
high quality CD of the performance.
For more information on Mobile Star, please visit
http://themobilestar.com.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 as amended and Section 21E of the
Securities Exchange Act of 1934 as amended. All forward-looking statements
are inherently uncertain, based on current expectations and assumptions
concerning future events or future performance of Mobile Star Corp., and its
technologies. In evaluating such statements, prospective investors should
review carefully various risks and uncertainties identified in this release,
as actual results may differ materially from those indicated. Mobile Star
Corp. public filings may be viewed at http://www.sec.gov.
Contact:
CEO, Danny Elbaz
danny@themobilestar.com
+972-54-465-5341
Source: Mobile Star Corp.
Contact: CEO, Danny Elbaz, danny@themobilestar.com, +972-54-465-5341