Mobile Star Corp. (MBST.QB) Company Entered Into an Agreement to Fund and Acquire Two Projects
June 08 2012 - 11:41AM
Marketwired
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: Mobile Star Corp. Capital
Markets Division 1 (646) 512-5808
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