SOURCE: Mobile Star Corp.

Mobile Star Corp.

March 09, 2012 06:00 ET

Mobile Star Corp. (MBSTD.QB) Announces Real Estate Division Loan Underwriting Criteria and Tuesday, March 13, 2012, Week Three Shareholder Call

BEVERLY HILLS, CA--(Marketwire - Mar 9, 2012) - MOBILE STAR CORP. (OTCQB: MBSTD) (PINKSHEETS: MBSTD) is pleased to announce its real estate division loan underwriting criteria.

MBST's Real Estate Division will consider income producing properties, except owner occupied residential, in the Continental U.S. Target properties should have cash flow to service debt, taxes and insurance and a current appraisal. Loan to Value Ratios (LTV) should be in the 75% range, and borrower rates should be less than 10%. The Division has no pre-payment penalty; however, origination fees will be charged. Loan package requests can be submitted via email to RE@mobilestarcapital.com, by clicking www.mobilestarcapital.com or by calling Mobile Star's Real Estate Division at 1-646-512-5809.

The Tuesday, March 13th, 2012 shareholders call will discuss new real estate loan opportunities.

The shareholder calls are scheduled every Tuesday at 4:05PM eastern time and are open to all Mobile Star shareholders by dialing 1 (559) 726-1300. The participant code is 662-692.

About Mobile Star Corp. (MBSTD.QB)
Mobile Star Corp. www.mobilestarcapital.com was incorporated in Delaware on December 25th, 2007 and is an evolving company. Most recently, the new company CEO has initiated board-approved additional business focuses to existing course of business, including acquisition and financing of companies in socially responsible sectors of U.S. economy with "disruptive" products and strong management teams.

Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this document, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements.

Contact Information

  • Contact
    Mobile Star Corp.
    Real Estate Division
    1-646-512-5809