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In Pursuit of the Self-Tuning Piano

KANSAS CITY, MISSOURI - - August 12, 2002 - - QRS Music Technologies, Inc. (OTCBB: QRSM) announced today that the Piano Technicians Guild, Kansas City, MO, published Don Gilmore’s article “In Pursuit of the Self-Tuning Piano” in the July issue of the Piano Technicians Journal.

In February, QRS Music Technologies announced it had acquired the exclusive worldwide rights to manufacture, sublicense and sell a Self-Tuning Piano System invented by Don Gilmore of Kansas City, MO. The system is currently being engineered by Peninsula Solutions in Orlando, Florida. QRS Music Technologies goal is to display the self-tuning piano early next year. Presently, the system does not have a trade name.

Tom Dolan, President and CEO said, “The self-tuning piano system will be factory installed in Story & Clark pianos and will allow the piano to stay in tune electronically. This device is one of the most important additions to the basic piano design ever made. The pianist is virtually the only modern musician who cannot tune his/her own instrument. This device will permit a piano to be completely tuned before each use in just a few minutes, simply by turning on a switch.”

Bob Hohf, Piano Technicians Journal editor, said in his Editorial Perspective, “…the QRS system may be taken as an early warning that a change that will affect the tuning business is impending.”

QRS Music Technologies acquired the rights to develop this unique technology. Under the terms of the Patent License Agreement, QRS Music Technologies will pay for the cost of developing the technology and will have a seven-year exclusive use of the technology with the first right of refusal to renew the agreement. A U.S. Patent Application has been made. QRS Music Technologies will have the worldwide right to grant sublicenses.

QRS Music Technologies expects the product to be available in the fall of 2003. The retail price of the self-tuner has not been determined. Presently, the average manual tuning service fee in the United States is about $75 and is usually necessary at least twice a year. This new technology involves no motors or moving parts.