SOURCE: Mobile Star corp

Mobile Star Corp

June 08, 2012 11:41 ET

Mobile Star Corp. (MBST.QB) Company Entered Into an Agreement to Fund and Acquire Two Projects

BEVERLY HILLS, CA--(Marketwire - Jun 8, 2012) - MOBILE STAR CORP. (OTCQB: MBST) (PINKSHEETS: MBST) entered into an agreement to acquire interest in two projects: 1.) Four-season NY-based land resort development and 2.) Up to 49% of Star-Show, Inc., a worldwide karaoke booth manufacturer and distributor.

"We are excited about the opportunity to participate in the resort development project. Our investment is secured by over 1,200 acres of entitled and permitted land specific for a ski and four-season resort," quoted Mr. George Ivakhnik, company Chief Executive Officer, and also added, "My belief is that a healthy diversified portfolio of assets should have both defensive and cyclical assets. We are pleased to finally reach agreement on financial terms with Star-Show, Inc., and continue the development, marketing and distribution of karaoke booths in the United States and abroad."

One of Mobile Star's efforts to keep its shareholders informed is its weekly conference calls for its shareholders to get updates from senior management. The next shareholder call is scheduled for Tuesday, June 12th, 2012 at 4:05PM ET. The agenda for the call is to have a general discussion about Mobile Star's progress.

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

About Mobile Star Projects: Additional information is available at the Mobile Star Capital website:

http://www.mobilestarcapital.com/Portfolio_projects.html

About Mobile Star Corp.: (OTCQB: MBST) (PINKSHEETS: MBST) Mobile Star Corp. (www.mobilestarcapital.com) was incorporated in Delaware on December 25th, 2007, and is an evolving company.

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 Information
    Contact:
    Mobile Star Corp.
    Capital Markets Division
    1 (646) 512-5808