QRS Music Technologies, Inc. Signs Letter of Intent

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/.