BEVERLY HILLS, CA--(Marketwire - Jun 1, 2012) - MOBILE STAR CORP. (OTCQB: [ MBST ]) (PINKSHEETS: [ MBST ]) announces the appointment of Mr. George Ivakhnik as the Company's new President, Secretary, and Treasurer, effective immediately. Mr. Ivakhnik was appointed as the CEO of the Company in February of 2012. Board also authorized the issuance of preferred A and C class shares.

Class A and C preferred shares are designed for specific deal objectives, quotes Mr. Ivakhnik and further added our Tuesday conference calls are designed to provide our shareholders with current day-day company progress reports; all shareholders are encouraged to participate.

Mr. Ivakhnik has public and private company experience. Responsibilities include portfolio asset management, portfolio allocation, capital formation, limiting portfolio risk exposure and maximizing investment returns for investors. Mr. Ivakhnik holds a Series 7 and 66 securities License and attended Metropolitan University of Denver, Colorado. Mr. Ivakhnik is 33 years old and enjoys reading, spending time with his family, and working out.

As CEO, Mr. Ivakhnik 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. Mr. Ivakhnik is moving forward with additional projects as well in furtherance of the Company's goals.

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 5th, 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.

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.