QRSM QRS Music Technologies Inc (CE)

QRS Music Technologies, Inc. (OTC: QRSM) announced today it has suspended negotiations to acquire National Education Music Co. (๏ฟฝNEMC๏ฟฝ), Mountainside, New Jersey. A Letter of Intent seeking to acquire NEMC was signed in February 2006. The Company cited deterioration of credit and market conditions as the reason for the suspension. About QRS Music Technologies, Inc. QRS manufactures and distributes pianos and piano accessories, Pianomation๏ฟฝ musical instrument digital interface (MIDI) systems for acoustic pianos, and compact discs and music rolls for player pianos. QRS is the creator of Pianomation๏ฟฝ, 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. 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, ๏ฟฝbelieves,๏ฟฝ ๏ฟฝshould,๏ฟฝ ๏ฟฝanticipates,๏ฟฝ ๏ฟฝplans,๏ฟฝ or ๏ฟฝexpects๏ฟฝ 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, 2006 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.