Singing Machine Expands Distribution in Australia, New Zealand
June 08 2022 - 8:00AM
The Singing Machine Compa
ny, Inc. (“Singing
Machine” or the “Company”) (NASDAQ:
MICS) – the
worldwide leader in consumer karaoke products today announced that
through its existing partnership with iWorld Australia, a leading
consumer product and toy distributor, it is expanding the number of
retail doors and e-commerce platforms that will be stocking Singing
Machine products for holidays 2022.
iWorld Australia is a leading consumer products
and toy distributor that distributes many iconic and beloved brands
throughout Australia and New Zealand to retailers and e-tailers
such as: Amazon.com.au, Catch-of-the-Day (catch.com.au), Costco,
Harvey Norman, Target, and Toy World, the largest network of
independent toy retailers in Australia.
Singing Machine is the market leader in home
consumer karaoke products with a focus on innovation and expanding
digital content services. Singing Machine’s product line includes
karaoke machines, accessory microphones, stand-alone Bluetooth™
microphones, and the widely popular Carpool Karaoke™ microphone,
designed for use in cars.
Gary Atkinson, CEO of the Company, commented,
“As the current market leader in North America, when we look to
expand our brand internationally, we always look for best-in-class
distribution partners that understand our brand and can emulate our
successful blueprint in the U.S. The Australian and New Zealand
territories have historically been challenging, but now after four
years working with iWorld, we are extremely satisfied with the
growth of our business. We’ve worked hard with the iWorld team and
I’m proud to say that we will be represented this year in the most
major retailers we’ve ever been in in those regions. Having our
brand represented well at Amazon, Target, Costco, Harvey Norman and
others is extremely important for our growth. We are forecasting
our best year yet in those countries.”
“We have been working with the team at Singing
Machine team for 4 years now. The last couple of years during Covid
have been tough for all but we have had excellent support and have
successfully grown the Singing Machine footprint in both Australia
and New Zealand. This year 2022 we have opened more doors with the
introduction of Singing Machine and expanding drop shipping for all
majors and many online companies,” commented Aldrin DeClase,
Director of iWorld Australia.
About The Singing Machine
Singing Machine® is the leading provider of
karaoke products to consumers across the world. The Company offers
the industry's widest line of at-home and in-car karaoke
entertainment products, which allow consumers to find a machine
that suits their needs and skill level. The Company’s products are
sold in over 25,000 locations worldwide, including at well-known
retailers such as Amazon, Costco, Sam’s Club, Target, and Walmart.
As the most recognized brand in karaoke, Singing Machine products
incorporate the latest technology and provide access to over
100,000 songs for streaming through its mobile app and select
WiFi-capable products. To learn more, go to
www.singingmachine.com.
Investor Relations Contact:Brendan Hopkins
(407)
645-5295investors@singingmachine.comwww.singingmachine.comwww.singingmachine.com/investors
Forward-Looking StatementsThis
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, 2021. 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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