Market Overview

Singing Machine Enters Spain Market with Grupo Cife


Fort Lauderdale, FL, Aug. 06, 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 expanding its distribution to Spain through a new distribution partnership with the Cife Group, one of Spain's largest distributors of toys and games.

Grupo Cife distributes youth products to over 89 countries and licenses or owns over 40 brands, including Operación Triunfo (OT), a popular Spanish music talent show and reality series, similar to reality singing competitions like ‘American Idol' or ‘The Voice'. Singing Machine will be co-branding a karaoke machine for Grupo Cife under the OT brand for the Spanish market which will be available this holiday season.

Bernardo Melo, Vice President of Sales and Marketing, commented, "We are delighted to be working with Grupo Cife, one of Europe's largest toy licensee and distributor. Operación Triunfo is synonymous with quality music entertainment in the Spain market and we believe our brand and product complement OT and Grupo Cife's commitment to innovative product that capture the latest trend in music."  

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 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 14,000 songs for streaming and download.  Singing Machine products are sold through most major retailers in North America and also internationally. See for more details.

Investor Relations Contact:

Brendan Hopkins

(407) 645-5295

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, 2018.  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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