QRS Music Technologies, Inc. Suspends NEMC Negotiations
16 Diciembre 2008 - 8:13AM
Business Wire
QRS Music Technologies, Inc. (OTC: QRSM) announced today it has
suspended negotiations to acquire National Education Music Co.
(�NEMC�), Mountainside, New Jersey. A Letter of Intent seeking to
acquire NEMC was signed in February 2006. The Company cited
deterioration of credit and market conditions as the reason for the
suspension. About QRS Music Technologies, Inc. QRS manufactures and
distributes pianos and piano accessories, Pianomation� musical
instrument digital interface (MIDI) systems for acoustic pianos,
and compact discs and music rolls for player pianos. QRS is the
creator of Pianomation�, the first MIDI system to combine analog
and digital technology to turn any piano into a reproducing player
piano. QRS Music was founded in 1900 and is based in Naples,
Florida. Additional information about QRS is available at
www.qrsmusic.com. Forward Looking Statements. Statements made in
this news release that relate to future plans, events or
performances are forward-looking statements. Any statements
containing words, such as, �believes,� �should,� �anticipates,�
�plans,� or �expects� as well as other statements are
forward-looking, and those statements involve risks and
uncertainties outside of the control of QRS and are based on
current expectations. Consequently, actual results could differ
materially from the expectations expressed in these forward-looking
statements. Attention is directed to cautionary statements in QRS
filings on Form 10-KSB for the fiscal year ended June 30, 2006 and
other QRS filings with the Securities and Exchange Commission. All
those filings are available on the Web site of the Securities and
Exchange Commission at www.sec.gov.
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