NEW YORK, February 2, 2012 /PRNewswire/ --
Mobile Star Corp. (OTCBB: MBST), which has developed retail
vending equipment in the music industry, announced that the company
is advancing business development efforts to acquire high-end
retail assets to expand to a new commercial product line.
Mobile Star is currently focusing on boutique retail assets in
the fashion industry. Such efforts are being taken to widen
the scope of business activities and enhance the value of the
company by providing additional benefits to shareholders.
Gross revenue projections from the sale of these assets Mobile
Star seeks to acquire and expand exceed $2MM in the first year and
over $35MM in five years.
"These products have the potential for wide distribution across
North America and elsewhere," said
Judah Steinberger , CEO of Mobile
Star Corp. "Our products have already demonstrated themselves
in the past to be commercially-viable within the retail
entertainment industry. By acquiring these new retail assets
with the hope to fulfill the components of the business plan we are
determined to provide benefits and added value to our loyal
shareholders."
Further updates on this venture will be provided in the
following weeks.
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
Judah Steinberger
E-mail (Judah.Steinberger@gmail.com)
+972-(542)393343
SOURCE Mobile Star Corp.