Mobile Star Corp. (MBST.QB) Announces the Issuance of B Class Preferred Shares and Tuesday, May 1st, 2012 Week Ten Shareholder Call

BEVERLY HILLS, CA -- (Marketwire) -- 04/27/12 -- MOBILE STAR CORP. (OTCQB: MBST) (PINKSHEETS: MBST) is pleased to announce the designation of Series B Preferred Convertible shares.

"The Series B Preferred Class stock is designed to allow current and prospective shareholders to participate in the Company ownership through a different class of stock but one that is still convertible to common shares with voting rights," said George Ivakhnik, CEO. He further added, "Shareholders can call the company directly at 1-646-512-5808 and request a Series B Preferred Subscription Agreement."

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, May 1st, 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 Corp. (OTCQB: MBST) (PINKSHEETS: MBST) Mobile Star Corp. (www.mobilestarcapital.com) was incorporated in Delaware on December 25th, 2007 and is an evolving company. Most recently, Mr. George Ivakhnik, the company's new CEO, initiated board-approved additional business focuses to the existing course of business, including acquisition and financing of companies in socially responsible sectors of the U.S. economy with "disruptive" products and a strong management team.

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.