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Mobile Star Corp. Re-evaluates Revenue Projections Following Successful Pilot
Feb 12, 2010 (03:02 PM EST)
EVEN YEHUDA, Israel, February 12 /PRNewswire-FirstCall/ --
- ROI Advanced to 6 Months; Sales Projections Increased by 35-40%
Mobile Star Corp. (OTCBB: MBST), a developer of coin-operated karaoke vending machines, announced today that the company has re-evaluated its revenue projections following a successful 30-day holiday season pilot at a popular Westchester amusement center.
A professional examination of revenues following the pilot showed that the return on investment for an individual unit would be approximately six months--well above the industry standard for a coin-operated vending machine.
Mobile Star had originally forecasted ROI to be in the range of 12 to 15 months. Following the professional examination, Mobile Star has conservatively upgraded its ROI projections to approximately 9 months.
As a result of the improved ROI, the company has also modified its sales projections, increasing the potential sales of the Mobile Star by 35-40%.
Several potential distributors have expressed significant interest in carrying the Mobile Star following the successful pilot. Mobile Star expects to launch its karaoke unit commercially in Q3 2010.
"The Mobile Star exceeded all expectations during its New York pilot," stated Danny Elbaz, CEO of Mobile Star Corp. "After a professional examination of the revenue figures, we now predict that the ROI on the machine will be approximately 6 months, which is amazing, way beyond industry standards."
About Mobile Star
The Mobile Star vending booth provides a personal karaoke experience. Patent-pending technology enables individuals to digitally record their voices singing to hundreds of songs. The Mobile Star then publishes a digital disc featuring the singer's performance.
For more information on Mobile Star, please visit http://www.themobilestar.com.
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. 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 firstname.lastname@example.org +972-54-465-5341
SOURCE Mobile Star Corp.