Mobile Star Corp. Re-evaluates Revenue Projections Following Successful Pilot
Mobile Star Corp. Re-evaluates Revenue Projections Following Successful Pilot
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
danny@themobilestar.com
+972-54-465-5341
Source: Mobile Star Corp.
Contact: CEO, Danny Elbaz, danny@themobilestar.com, +972-54-465-5341
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