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Stock impact report

Singing Machine Announces Distribution & License Agreement for Singing Machine Product Sales in the People's Republic of China [Yahoo! Finance]

The Singing Machine Company, Inc. (MICS) 
Company Research Source: Yahoo! Finance
Fort Lauderdale, FL, March 20, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS ) -- the worldwide leader in consumer karaoke products – today announced a new country-wide license agreement for the exclusive marketing and distribution of the Company's karaoke product portfolio in the People's Republic of China. The Company entered into this agreement with Zhuhai Fullwing Electronic Co., Ltd. (“Fullwing”) a leading consumer electronics distributor operating throughout the Chinese market. Gary Atkinson, the Company's CEO, commented, “We are excited to launch the Singing Machine brand and our market-leading karaoke products in the China market. Chinese consumers actively seek out US brands, placing a premium on our reputation for quality and innovation. We know the China market is passionate about singing and karaoke; and this new market for us is widely considered the largest single karaoke market in the world today. We loo Show less Read more
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