Mobile Star Corp. (MBST.QB) Company Entered Into an Agreement to Provide Completion Financing to a California Based Event Center

BEVERLY HILLS, CA -- (Marketwire) -- 06/12/12 -- MOBILE STAR CORP. (OTCQB: MBST) (PINKSHEETS: MBST) entered into an agreement to provide construction completion funds to a Long Beach, CA based 22,000 square foot entertainment venue facility.

"The Vault is an incredible event center that is under construction in the core entertainment district of Long Beach and near all the downtown action," quoted Mr. George Ivakhnik, Company Chief Executive Officer, who further added, "This 22,000 square foot facility will be built with state of the art sound and stage equipment and will be an attraction certain to be a credit, pride, and a further draw for Long Beach's burgeoning entertainment district."

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 Today, 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.