Singing Machine Launches New Flagship Karaoke Product

Singing Machine Company Inc MICS launched its WiFi pedestal karaoke machine with Costco Wholesale Corp COST Costco North America and selected worldwide territories this fall.
The new distribution program will provide distribution into more than 500 Costco U.S. locations nationwide.
Internationally, the plan includes 40 Costco Clubs in Mexico and 13 Costco Clubs in Australia.
Through a new European distributor, CMS Distribution, the fall program will also include international distribution to Costco U.K., Costco Sweden, and Costco Iceland.
Singing Machine's new WiFi karaoke system ISM1090 includes a seven-inch built-in touchscreen display, Bluetooth for wireless digital audio streaming, and HDMI output to display lyrics on a home big screen TV.
Price Action: MICS shares are trading higher by 4.65% at $8.55 on the last check Monday.