Discover the legend.  Discover the fun. QRS
Home Music Pianomation Story & Clark Support News & Events About search

QRS Music
Press Releases
QRS Music Technologies, Inc. Announces New Direction

QRS to address the challenges dealers face in differentiating themselves in the marketplace

NAPLES, FLORIDA, September 26, 2007 – QRS Music Technologies, Inc. (OTCBB: QRSM), a leader in the design, manufacture and distribution of pianos, piano-based audio and multimedia products, music and piano accessories, today announced that it will be revamping its Story & Clark line as part of a move to differentiate its product offerings and deliver greater value to its dealers. In addition to offering dealers pianos featuring exclusive styles, scale designs and specifications, working with Samick Music, Korea, the new Story & Clark line will provide dealers with improved quality, product availability and delivery times to help maximize sell-through and turns on the retail level.

“Our goal is to provide dealers with quality, affordable pianos that are unique in the marketplace whether it is through the design and finish of the piano itself or through added technology or both,” said Tom Dolan, President and Chief Executive Officer of QRS. “After a lengthy and in-depth evaluation of all of our options, Samick Music Korea has shown us that they have the resources, quality standards, and vision to best partner with us in this endeavor.”

“QRS Music Technologies has always been a leading innovator in technology,” said J. S. Kim, chairman of Samick Korea. “We are thrilled to be entering into this partnership and are looking forward to working with them to apply that same kind of creative thinking and attitude toward the piano market.”

QRS will continue to offer dealers proven best-sellers from the existing Story & Clark line in the Heritage Collection. However, the new partnership will allow Story & Clark to pursue a strategy and initiatives not possible under a more traditional manufacturing structure of shared styles where the same piano is sold under different brand names. QRS’s new Signature Series Collection will feature exclusive styles as well as scale designs and specifications determined exclusively by QRS. “The Signature Series Collection is designed to address the fashion-conscious yet value-oriented customer that wants something different from the ubiquitous spade leg piano,” said Dolan. “A piano that makes more of a statement yet at the same time coordinates with the furnishings in the home.” The Signature Series Collection will be unveiled at the NAMM show in January, 2008.

About QRS Music Technologies, Inc.
QRS Music Technologies, Inc. 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. QRS is traded over-the-counter on the OTCBB: QRSM. 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, 2005 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.