Singing Machine Announces Trading on Over-the-Counter Bulletin Board

Jul 08, 2009, 13:51 ET from The Singing Machine Company, Inc.

COCONUT CREEK, Fla., July 8 /PRNewswire-FirstCall/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTC Bulletin Board: SMDM) proudly announces that effective July 7, 2009 the Financial Industry Regulatory Authority has approved the Company's common stock for quotation on the over-the-counter bulletin board ("OTCBB"). The Company's new stock ticker on the OTC will be SMDM.

"We are pleased to be approved for quotation on the over the counter exchange without experiencing any delay in trading. I feel strongly that the move to the OTCBB is the best decision for the Company and I expect our shareholders and investors will have as fluid a market on the OTCBB as they had on the NYSE Amex," commented Tony Handal, CEO.

About The Singing Machine

Incorporated in 1982, The Singing Machine Company develops and distributes a full line of consumer-oriented karaoke machines and music under The Singing Machine(TM), SMDigital(TM), SoundX(TM), and Sound X Kids(TM) and other brand names. The first to provide karaoke systems for home entertainment in the United States, The Singing Machine sells its products in North America, Europe and Australia. The Singing Machine is also the first to offer digital music downloads for play on home karaoke machines. See for more details.

Forward-Looking Statements

This press release contains forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forwardlooking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2009. You should review our risk factors in our SEC filings which are incorporated herein by reference. Such forwardlooking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forwardlooking statement to reflect events or circumstances after the date of this release.

SOURCE The Singing Machine Company, Inc.