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Mobile Star's Karaoke Vending Machine Used Record 60 Times on Single Day
Mar 24, 2010 (04:03 PM EDT)
Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months
NEW YORK, March 24, 2010 /PRNewswire-FirstCall/ -- 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.
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 firstname.lastname@example.org +972-54-465-5341
SOURCE Mobile Star Corp.