In an event that has garnered national attention, Mobile Star Corporation, developer of coin-operated karaoke vending machines, announced that it will be the first company from Israel to launch on the OTC Bulletin Board in over one year.
Recently, Mobile Star was covered in a report by the reputable Israel financial publication Calcalist. According to the report, Mobile Star is a unique and up-and-coming corporation, and will be the first company with Israeli management to be taken public on the OTC Bulletin Board since the start of economic crisis on Wall Street began last year.
Leading the way at Mobile Star is their CEO Danny Elbaz. Elbaz took over Mobile Star in September of 2007 and serves as CEO and Executive Partner of two High-Tech companies which trace new patents and technologies. Elbaz has a reputation as a seasoned entrepreneur with over 20 years in the hi-tech industry and international sales.
When asked about the accomplishment of the Calcalist coverage and the OTC Bulletin Board listing, Mr. Elbaz was quoted as saying, “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.”
Within the report, Mobile Star’s technology is noted as “exciting” and “interesting”. To view the entire report, investors can go to: http://www.calcalist.co.il/internet/articles/0,7340,L-3359838,00.html.
Currently, Mobile Star is completing development of an entertainment vending machine that provides a personal karaoke experience. The machine publishes a computerized disc featuring the singer’s voice and the selected background music. This has the potential to take the field to an entirely new level.
Mobile Star is trading in the $0.18 range and has continually produced positive news. With a strong management team in place led by Elbaz and an idea that could change the entertainment field, Mobile Star may shine brightly for years to come.