MOBILE STAR CORP. EVEN YEHUDA, Israel, October 1 /PRNewswire-FirstCall/ -- Mobile Star Corp. (OTCBB: MBST - News), a developer of coin-operated karaoke vending machines, announced today that the company is concluding the final stages of prototype development.
Related Quotes Symbol Price Change MBST.OB 0.18 +0.03
{"s" : "mbst.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} The company plans to announce a pilot demonstration of the prototype to take place in New York City in the fourth quarter of 2009.
"Completion of our personal karaoke prototype is one of the final milestones to achieve before the commercial launch of our product," said Danny Elbaz, CEO of Mobile Star Corp. "We look forward to displaying our finished prototype in the coming weeks."
The company intends to market and distribute the coin-operated vending machines to popular recreation areas including restaurants, shopping malls, bars and theme parks. Mobile Star plans to begin marketing the technology to consumers in 2010.
Mobile Star's entertainment vending machine is being developed to provide a personal karaoke experience. The free-standing booth utilizes patent-pending technology enabling an individual to digitally record his or her voice singing to hundreds of songs. The unit then publishes a computerized disc featuring the singer's voice and the selected background music.
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.
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