Mobile Star Corp. Re-evaluates Revenue Projections Following Successful Pilot
February 12 2010 - 3:10PM
PR Newswire (US)
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/. 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. 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 +972-54-465-5341
DATASOURCE: Mobile Star Corp. CONTACT: Contact: CEO, Danny Elbaz, ,
+972-54-465-5341
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