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SINGING MACHINE CO -  SMDM - BUY - TARGET $ 0.75

Consumer Entertainment Systems - Music - Social Sharing

INVESTOR ALERT - Unveils New Toy Line

Singing Machines new flagship product powered by Autotune to start shipping this summer.  For the first time consumers can sing like the professionals with the worlds leading pitch correction software. Vendors have shown a strong interest in this product because it opens the joy of Karaoke to people who may have previously been nervous about vocal quality. There is no comparable product available in the market at this time

We expect this Singing Machine (SMDM) to report profitability for the year despite the one time impact of the Toys R' Us bankruptcy. The company is well positioned with strong international growth and partner vendors such as Walmart and Target announcing expanded toy sections to take advantage of the $13 billion vacuum left by Toys R' Us.

 The company is also seeing tremendous growth in its recurring revenue stream of digital music sales in both streaming and downloads. This recurring additional revenue comes in at close to a 100% margin.    

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Based in the U.S., Singing Machine is the North American leader in consumer karaoke products. The first to provide karaoke systems for home entertainment in the United States, the Company sells its products worldwide through major mass merchandisers and online retailers. We offer 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. As the most recognized brand in karaoke, 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 access to over 13,000 songs for streaming and download.  Singing Machine products are sold through most major retailers in North America and internationally. See www.singingmachine.com
 for more details.


Web Site  Q2 Results Podcast  


Singing Machine to Announce its Full Fiscal 2018 Results and Earnings Conference Call

Fort Lauderdale, FL, June 20, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) -- the North American leader in consumer karaoke products -- today announced that its earnings for the full fiscal year ended March 31, 2018 will be released the morning of Thursday, June 28, 2018. That same day, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update.  

Conference Call Details:

Date: Thursday, June 28, 2018

Time: 10 a.m. ET

Dial-in number: (877) 876-9177

Conference ID: SMDM  

An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investors

About The Singing Machine

Singing Machine® is the worldwide leader in consumer karaoke products.  The first to provide karaoke systems for home entertainment in the United States, the Company sells its products world-wide through major mass merchandisers and on-line retailers. We offer 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. As the most recognized brand in karaoke, 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 access to over 13,000 songs for streaming and download.  Singing Machine products are sold through most major retailers in North America and also internationally. See www.singingmachine.com for more details.




Singing Machine Unveils Toy Line and Karaoke Products at Distoy Show in London

FORT LAUDERDALE, FL, May 29, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) - the North American leader in home karaoke consumer products - today announced it will be presenting at this year's Distoy, the U.K.’s largest international toy distributor show in London on May 29 – June 1, 2018.

Building on the Company’s international growth strategy, Singing Machine will be introducing its core karaoke product line and new Singing Machine Kids toy line of products to the best and biggest toy distributors throughout the world. 

Bernardo Melo, Vice President of Sales and Marketing, commented, “This is our second year presenting at Distoy. Last year we had a successful first year, meeting many distributors in territories such as Japan that eventually led to new business in that country. We look forward to continuing the momentum again this year.” Melo added, “So far this year, we’ve seen strong demand abroad for our products, recently signing aboard new distributors in Australia, Latin America, Mexico, South America and Central America. These regions join our growing list of territories including: Canada, the United Kingdom, Japan, and South Africa.”

Singing Machine will be presenting at St. James Court Hotel, Suite #138. To schedule an appointment, please contact Ines Gallah @  inesgallah@singingmachine.com.

About The Singing Machine

Based in the US, Singing Machine® is the North American leader in consumer karaoke products.  The first to provide karaoke systems for home entertainment in the United States, the Company sells its products worldwide through major mass merchandisers and on-line retailers. We offer 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. As the most recognized brand in karaoke, 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 access to over 14,000 songs for streaming and download.  Singing Machine products are sold through most major retailers in North America and also internationally. See www.singingmachine.com for more details. 


Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2017.  You should review our risk factors in our SEC filings which are incorporated herein by reference.  Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release.


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