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Mobile Star Corp., - CRWESelect.com Stock Watch on MBST!

March 30th, 2010 | Author: The Editor

Mobile Star Corp. (OTCBB: MBST)

Mobile Star Corp. , 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 MBST Mobile Star then publishes a digital disc featuring the singer’s performance.

MBST successfully completed a 30-day pilot of its personal Mobile Star karaoke booth in New York.

Revenues collected by the MBST Mobile Star during the pilot were greater than anticipated, and proved extremely competitive against many of the most popular entertainment coin-operated machines. The strong revenue potential is measured in terms of return on investment (ROI) rate for the machine operator.

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.

MBST 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. MBST expects to launch its karaoke Mobile Star unit commercially in Q3 2010.

MBST announced 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 MBST 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.

“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,” said Allen Weisberg, President of Apple Industries.

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.”

Visit Apple Industries for more information at http://www.appleindustries.net/

“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 plans to distribute the MBST next-generation entertainment vending booth, utilizing its well-established marketing channels. Apple Industries plans to distribute the MBST next-generation entertainment vending booth, utilizing its well-established marketing channels. Apple Industries 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 Mobile Star Corp.

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.

Visit Mobile Star Corp. (MBST.OB) for more information at www.themobilestar.com

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Posted in Uncategorized | Tags: attractions, crwe, entertainment vending machines, mbst, mobile star |

Got Mobile Star Corp.? (MBST.OB)

March 30th, 2010 | Author: The Editor

Mobile Star Corp. (OTCBB: MBST) , 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 MBST Mobile Star then publishes a digital disc featuring the singer’s performance.