QRSM QRS Music Technologies Inc (CE)

QRS Music Technologies, Inc. (OTCBB:QRSM), a world leader in the design, manufacture and distribution of pianos, piano-based audio and multimedia products, music and piano accessories, today announced it has entered into a Letter of Intent with National Education Music Co. ("NEMC"), Mountainside, New Jersey, and its shareholders. The Letter of Intent relates to possible acquisition of NEMC by the Company. The Letter of Intent contains enforceable terms which grant the Company exclusive rights to negotiate such a purchase for a period of 120 days. About QRS Music Technologies, Inc. QRS Music Technologies, Inc. manufactures and distributes pianos and piano accessories, Pianomation(R) musical instrument digital interface (MIDI) systems for acoustic and digital pianos, and compact discs and music rolls for player pianos. The QRS Pianomation(R) MIDI system is the first product of its kind to "marry" analog and digital technology and can turn any piano into a reproducing player piano. QRS Music was founded in 1900 and is based in Naples, Florida. QRS is traded over the counter on the OTCBB: QRSM. Additional information about QRS is available at http://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 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 http://www.sec.gov/.