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.
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
danny@themobilestar.com
+972-54-465-5341
SOURCE Mobile Star Corp.