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<TYPE>EX-99.1
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<FILENAME>pressrelease-991.txt
<DESCRIPTION>PRESS RELEASE
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THE                        INVESTOR CONTACT:            COMPANY CONTACT:
SINGING                    Neil Berkman                 Y.P. Chan
MACHINE                    Berkman Associates           Chief Operating Officer
                           (310) 277 - 5162             (954) 596 - 1000



                              FOR IMMEDIATE RELEASE

                           THE SINGING MACHINE COMPANY
                ANNOUNCES NEW $12.5 MILLION BANK CREDIT FACILITY


         COCONUT CREEK, FL, August 21, 2003 THE SINGING MACHINE COMPANY (AMEX:
SMD) announced today that it has established a new $12.5 million credit facility
with its current lender, LaSalle Business Credit, Chicago. The new facility
replaces the company's existing facility with LaSalle and extends through March
31, 2004.

         This new bank credit facility is in addition to the $2.0 million in
subordinated debt financing the Company completed earlier this month.

         "We want to thank LaSalle and other investors for their vote of
confidence in Singing Machine's business model and our entire team. Our strategy
is to generate a larger share of our sales through import programs than was the
case in the past, which in combination with efficient supply chain management
will reduce our inventory requirements as well as warehousing, labor and related
costs. This in turn will lower our working capital needs relative to prior years
and enhance our cash and competitive position. As we focus on cash flow,
inventory management and cost reduction, we also are working to expand our
product offerings and forge new strategic distribution partnerships. With the
financing now in place, we are confident that we have the resources we need to
implement our business plan and achieve our objectives for the year," said Chief
Executive Officer Robert Weinberg.

ABOUT THE SINGING MACHINE COMPANY

         Incorporated in 1982, The Singing Machine Company develops and
distributes a full line of consumer-oriented karaoke machines and music under
The Singing MachineTM, MTVTM, NickelodeonTM, Hardrock AcademyTM and MotownTM
brand names. The first to provide karaoke systems for home entertainment in the
United States, Singing Machine sells its products in North America, Europe and
Asia.

FORWARD-LOOKING STATEMENTS

         This press release contains forward-looking statements within the
meaning of the 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 projected revenues, net income
and net income per share.. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements due to numerous
factors, including the risk that we will not have sufficient funding to meet our
working capital requirements; changes in demand for the Company's products; the
impact of competitive products and pricing conditions in the karaoke industry
and other risks discussed from time to time in the Company's Securities and
Exchange Commission filings and reports, including but not limited to the
Company's Amended Annual Report on Form 10-KSB for the year ended March 31,
2003. In addition, such statements could be affected by general industry and
market conditions and growth rates, and general domestic and international
economic conditions. 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.


                                    * * * * *

                        THE SINGING MACHINE COMPANY, INC.
          6601 Lyons Road o Building A-7 " Coconut Creek, Florida 33073
                       (954) 596-1000 o Fax (954) 596-2000
________________________________________________________________________________



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