 Fort Lauderdale, FL, July 14, 2021 GLOBE NEWSWIRE -- The Singing Machine Compa ny, Inc. Singing Machine or the Company OTCQX: SMDM the worldwide leader in consumer karaoke products today announced its full year financial results for its fiscal year ended March 31, 2021. The Company successfully navigated the COVID-19 global pandemic, capitalizing on strong consumer demand for in-home and mobile karaoke devices. Singing Machine successfully grew market share on its new mobile device, the Carpool Karaoke Microphone, as well as launched a pilot digital content subscription platform on its WiFi-enabled devices. These initiatives, coupled with a strong move to digital marketing and explosive online sales growth drove margin improvement and overall profitability. Additional details for the full year fiscal 2021 are as follows: 