The Mobile Star Corp. MBST Archives

ThursdayOct 28, 2010 11:28 am

Mobile Star Corp. (MBST.PK) Provides Investor Update

Earlier this month, Mobile Star Corp. CEO Danny Elbaz issued a shareholder letter to investors, emphasizing the company's commitment to the commercial introduction of the Mobile Star personal karaoke experience over the next six months. The Mobile Star has made great progress so far this year, recently securing the required financing to continue funding ongoing business operations and meet commercial goals during the next six months. The financial agreement calls for the financier to provide multiple tranches during this pre-commercial period. Over the next two quarters, the company will be focused on the full commercial introduction of the Mobile Star…

TuesdayOct 19, 2010 10:33 am

Mobile Star Corporation (MBST.OB) Brings Excitement Back to Karaoke Craze

According to viewer statistics, the single biggest thing on television, arguably drawing in more viewers than everything else combined, is the juggernaut known as reality TV. And nothing is bigger than the king of reality TV, the phenomenon known as American Idol. It’s one of the highest ranked shows in the entire history of television, and part of a franchise that has now gone around the world. Over 100,000 people from all over America audition for American Idol every year in a desperate attempt to simply get on the show. Some researchers have gone so far as to call it…

TuesdayOct 12, 2010 3:50 pm

Mobile Star Corp. (MBST.OB) in Advanced Negotiations with Publishers to Acquire Karaoke Song Rights

Mobile Star Corp. announced after the closing bell today that it is in advanced negotiations with major publishing entities to acquire the rights to reproduce hundreds of songs in its personal karaoke vending booths. According to the press release, signed agreements are expected before the end of this year. One of the final hurdles to full commercialization of the Mobile Star personal karaoke experience, these negotiations have been ongoing for more than a year. The Mobile Star personal karaoke machine is anticipated to be launched in the coming months. "A wide selection of popular and classic songs are one of…

MondayOct 11, 2010 11:00 am

Mobile Star Corp. (MBST.OB) Sings For Its Supper

Earlier this year, when Mobile Star Corp. announced the results of a 30-day test run for their newly developed coin-operated karaoke machines, the company presented dramatic confirmation of its product's potential. After all, the idea of someone paying for the opportunity to walk into a box and sing along to a recording has never been approached, especially when considering the fact that the user takes away a CD of their performance. The only way the company could generate meaningful numbers and prove itself to investors was to actually test the concept in a real-world environment, and this is exactly what…

TuesdayOct 05, 2010 8:03 am

Mobile Star Corp. (MBST.OB) CEO Issues Shareholder Letter Detailing Future Plans

Mobile Star Corp., a developer of karaoke vending machines, published the following letter from CEO Danny Elbaz to all shareholders. The letter expresses the company's commitment to the commercial introduction of the Mobile Star personal karaoke experience over the next six months. Dear Shareholders, The Mobile Star has continued to make positive strides during the first three quarters of 2010. Most recently, the company has secured the required financing to continue funding ongoing business operations, and to meet the commercial goals of the company over the next six months. The financial agreement calls for the financier to provide the Mobile…

MondaySep 27, 2010 9:33 am

Mobile Star Corp. (MBST.OB) Positioned for Rapid Growth

Mobile Star Corp. had done a ton of leg work over the past few years to get their chance to wow consumers the next time they go shopping at a mall or seek enjoyment at a bar or amusement park. The company has developed a unique karaoke vending machine that enables anyone to record their own digital music CD using the song of their choice, and is now focused on capitalizing on their efforts. The company recently completed a six month pilot of its personal karaoke booth in the New Rock City entertainment center in New York. The machine was…

TuesdaySep 21, 2010 8:49 am

The Mobile Star Corp. (MBST.OB) is “One to Watch”

The Mobile Star Corp. focuses on introducing new interactive entertainment applications for the out-of-home consumer markets. The company's main product, a Karaoke Vending Machine, provides a unique personal karaoke experience designed by recording studio professionals. With ease of use and affordability in mind, the system enables anyone to record their own digital music CD using the song of their choice. The Vending Machine is similar in size and form to the highly-popular photo booths seen in shopping centers, amusement parks, pubs and other tourist attractions. Customers enjoy a studio recording experience while the fully automated system captures the performance. Once…

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