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NetworkNewsBreaks – The Singing Machine Company, Inc. (SMDM) Sees Growing Demand Abroad, Forecasts 100% Increase in International Sales

Company: The Singing Machine Company, Inc. (SMDM)
Category: Stock Spotlights

The Singing Machine Company (OTCQX: SMDM) distributes a full line of increasingly popular consumer-oriented karaoke systems and products that have been featured on Mashable, The Wall Street Journal, Wired, USA Today, and other high-profile publications. The company recently posted its 10th consecutive quarter of YoY growth in sales and earnings, the most recent of which was driven by organic and international growth, new products, and buying trends leading up to the holidays. Second-quarter earnings increased 66% to $0.05 per share on net sales of $28.1 million, an increase of 33% compared to the year ago quarter. Noting strong product demand overseas, The Singing Machine said it expects international sales to grow 100% YoY.

To learn more visit www.singingmachine.com

About The Singing Machine

Based in the U.S., Singing Machine® sells its products worldwide through major mass merchandisers and on-line retailers. The company offers the industry’s widest line of at-home karaoke entertainment products, which allow consumers to find a machine that suits their needs and skill level. Singing Machine products incorporate the latest technology for singing practice, music listening, entertainment and social sharing. The Singing Machine provides consumers the best warranties in the industry and through its partnership with Stingray, access to over 12,000 songs for streaming and download. Singing Machine products are sold through most major retailers in North America and also internationally.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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