QRSM QRS Music Technologies Inc (CE)

QRS Music Technologies, Inc. (OTCBB:QRSM) announced today that it has signed a non-binding Letter of Interest with Galileo Music Corporation, Falmouth, Massachusetts, to explore a business combination that is only in the discussion stages. The terms and conditions under discussion were not disclosed. Galileo is a leading provider of digital piano keyboards (http://www.galileomusic.com/). Galileo's product lines include Princeton, Viscount and Galileo digital pianos. Tom Dolan, QRS President and CEO, said, "A business combination with the Galileo product line could provide QRS a platform to introduce some of its new technologies. Galileo would receive exposure to QRS's distribution, technology and supply chain." The QRS Pianomation(R) system can turn any piano into a reproducing player piano. A hardware and software process can store and transport MIDI ("Musical Instrument Digital Interface") information as an analog signal. This process gives QRS the ability to store, and wirelessly transmit, MIDI performance data in an analog format from a controller (CD, video, cassette, DVD, MP3, WMA, CF) to the receiver on the piano. This creates numerous possibilities. For example, most off-the-shelf audio equipment has a left and right channel available for use. State-of-the-art technology permits QRS to store the digital signal in an analog format on the left channel of the software which operates those players. This leaves the right channel available for live prerecorded audio music, even vocal recordings. Pianomation(R) blends them together in perfect harmony and perfect synchronization. The Pianomation(R) MIDI System is the first product of its kind to "marry" analog and digital technology. QRS Music Technologies, Inc.'s stock is traded Over-The-Counter on the OTCBB:QRSM. 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 our filings on Form 10-KSB for the fiscal year ended June 30, 2005, and our other 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.