QRS Music Technologies (CE) (USOTC:QRSM)
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From Jul 2019 to Jul 2024
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.