Mobile Star Advancing Efforts to Acquire Retail Assets in the Fashion Industry

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 ([email protected])
+972-(542)393343

SOURCE Mobile Star Corp.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED