MBST reached a high of $0.22 last Friday, 10/2, but has since seen a pullback towards the bottom of its range, watch it closely tomorrow as it traded off of its support level of $0.09 today.
Mobile Star Corp. Reported as First Israeli Company to Launch on OTC Bulletin Board in Over 1 Year
Israeli Financial Publication Calcalist Notes the First Public Trading of MBST Shares
Press Release Source: Mobile Star Corp. On Monday October 5, 2009, 8:00 am EDT
EVEN YEHUDA, Israel, October 5 /PRNewswire-FirstCall/ -- Mobile Star Corp. (OTCBB: MBST - News), a developer of coin-operated karaoke vending machines, was covered in a recent report by the reputable Israeli financial publication Calcalist.
According to the report, Mobile Star Corp. was the first company with Israeli management to be taken public on the OTC Bulletin Board since the start of the major economic occurrences on Wall Street just over a year ago.
"We were happy to be covered by Calcalist, and are proud to be one of the companies associated with the steady rebounding of the Nasdaq," said Danny Elbaz, CEO of Mobile Star Corp.
The Calcalist report and a drawing of Mobile Star's free standing karaoke vending booth can be found here: http://www.calcalist.co.il/internet/articles/0,7340,L-3359838,00.html
The report noted Mobile Star's "interesting" and "exciting" product which is "new to the entertainment industry."
Mobile Star is currently completing development of an entertainment vending machine that provides a personal karaoke experience. The free-standing booth enables an individual to digitally record his or her voice singing to hundreds of songs. The unit then publishes a computerized disc featuring the singer's voice and the selected background music.
The patent-pending technology utilizes a proprietary digital-media software platform, and professional-grade hardware to dramatically improve sound quality and imitate the acoustics of a hall.
For more information on Mobile Star, please visit: http://the-mobilestar.com. |
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