QRSM QRS Music Technologies Inc (CE)

QRS Music Technologies, Inc. (OTCBB:QRSM) announced today that three new directors were elected by the existing Board of Directors to serve until the next meeting of shareholders at which directors are elected. The new Directors include: Frank Seta, Thomas O'Grady and Richard Kurtz. Richard Dolan, Chairman of the Board of Directors said, "We are excited about expanding our expertise on the Board and having three outside Directors be seated on our Audit, Compensation, Disclosure Controls and Mergers and Acquisition Committees." Mr. Frank Seta is currently the President of Seta Music in Cincinnati, Ohio. Prior to opening his retail store, he was the Chief Marketing Officer for the Gibson Musical Instrument Company and spent over 20 years with the Baldwin Piano Company in various senior management positions, including Vice President of Acoustic and Digital Pianos prior to his resignation in 2001. Mr. Seta has also served on numerous industry committees. Mr. Seta has agreed to serve on the Company's Audit Committee and Mergers and Acquisitions Committee. Mr. Thomas O'Grady, since June 2003, has been the Executive Vice President of Commercial Banking at the Mount. Prospect National Bank in Mount Prospect, Illinois. Prior to June 2003, he was a First Vice President, Division Head at Bank One, NA. He has in total 26 years of commercial banking experience. Mr. O'Grady has a Bachelor of Science degree in business administration with an emphasis in economics from St. John's University. Mr. O'Grady has agreed to serve on the Company's Audit Committee and the Disclosure Controls Committee. Mr. Richard Kurtz, from 1987 to 2004, served as Director, President and Chief Operating Officer of Alltech International Holdings, Inc., Deerfield, Illinois. W. R. Grace (NYSE:GRA) acquired Alltech International Holdings in August of 2005 and he served as Chief Operating Officer of the Alltech Division of the Separations-Life Sciences Unit of W.R. Grace to his retirement in January 2005. He served in the United States Air Force, where he also completed two medical technology technical schools. Mr. Kurtz attended Lycoming College, Temple University, and The Pennsylvania State University before joining Applied Science Laboratories in 1968. Mr. Kurtz was the Operations and Plant Manager of that firm at the time it was acquired by Alltech Associates, Inc. in 1982. Mr. Kurtz has agreed to serve on the Company's Compensation Committee and the Mergers and Acquisitions Committee. The Board of Directors now consists of Richard Dolan, Ann Jones, Richard Kurtz, Geoffry Matlin, Thomas O'Grady and Frank Seta. The QRS Pianomation(R) system can turn any piano into a reproducing player piano. A hardware and software process can store and transport Musical Instrument Digital Interface ("MIDI") 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, DAT or Minidisc) 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.