QRS Music Technologies, Inc. Suspends NEMC Negotiations

  
    
  
  
    
      QRS Music Technologies, Inc. (OTC: QRSM) announced today it has 
      suspended negotiations to acquire National Education Music Co. (“NEMC”), 
      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® 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. 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, 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.