Mobile Star Completes First Commercial Sale in Q1 2011
Apr 12, 2011, 04:15 ET
NEW YORK, April 12, 2011 /PRNewswire-FirstCall/ -- Mobile Star Corp. (OTCBB: MBST), a developer of karaoke vending machines, announced that the company completed the first commercial sale of its vending booth during the first fiscal quarter of 2011.
Following many months of business development and successful pilots, the company has entered into the initial commercial phase, generating revenues from the sale of its coin-operated karaoke entertainment center.
The sale will be reported in the company's Q1 financial statements to be issued shortly.
"The Mobile Star karaoke vending machine has a great potential worldwide," said Danny Elbaz, CEO of Mobile Star Corp. "We anticipate that this sale will be the first of many in the upcoming months."
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
[email protected]
+972-54-465-5341
SOURCE Mobile Star Corp.