Apple Industries to Distribute Mobile Star Proprietary Karaoke Machines
Apple Industries to Distribute Mobile Star Proprietary Karaoke Machines
Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months
NEW YORK, March 12, 2010/PRNewswire-FirstCall/ -- Mobile Star Corp. (OTCBB: MBST), a developer of coin-operated karaoke
vending machines, announced today that the company has 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.
The preliminary agreement follows the successful pilot of the Mobile Star
during the recently concluded Holiday Season. The pilot, which was closely
monitored by Apple Industries' professional team, confirmed the quality of
the vending machine 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.
"We are excited to join forces with Apple Industries, a long-standing
market leader with over 45-years experience distributing entertainment
vending machines," said Danny Elbaz, CEO of Mobile Star Corp. "The
combination of Apple's incredible marketing channels, in tandem with the
Mobile Star's patented technology will produce a hit that will take us to the
top of the charts."
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.
Contact: CEO, Danny Elbaz, danny@themobilestar.com, +972-54-465-5341
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