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NEWS
RELEASE
FOR IMMEDIATE RELEASE
FreeHand
Systems’ Auditors Ready FY 2006 Audit.
Completion
of the FY 2006 Audit Will Allow Company to Apply to NASDAQ Bulletin
Board.
LOS
ALTOS, Calif. – July 9, 2006 –FreeHand Systems, Inc.,
wholly owned subsidiary of FreeHand Systems International, Inc.
(OTC: FSYI), announced today that its auditors, BDO Seidman are
working toward completion of the company’s fiscal year 2006
audit which is expected to be finalized in August. FreeHand Systems
is the elite digital music company whose revolutionary technology—the
MusicPad Pro®—is shaping the future of the distribution
and performance of sheet music.
Kim
Lorz, CEO of FreeHand Systems said, “The completion of our
2006 audit, a milestone we have been looking forward to, will allow
FreeHand to complete the necessary filings so we can begin trading
our stock on the NASDAQ Bulletin Board.”
FreeHand
Systems, Inc. (www.freehandsystems.com),
a wholly owned subsidiary of Freehand Systems International, Inc.
(FSYI), is the global leader in digital sheet music publishing and
is the manufacturer of the first digital music tablet, the MusicPad
Pro® Plus. The pad provides innovative technology to the music
industry for displaying and publishing digitally delivered sheet
music. The company’s digital sheet music website (www.freehandmusic.com)
offers over 85,000 titles for digital download and transfer to the
MusicPad Pro.
Investor
Contact:
650-941-0742 (Investor Relations)
investorrelations@freehandsystems.com
Media
Contact: Clyde Beswick, VP Marketing
FreeHand Systems, Inc.
95 First Street, Suite 200
Los Altos, CA 94022
310.275.9269
cbeswick@freehandsystems.com
Note
to editors: For additional information visit FreeHand System’s
website, www.freehandsystems.com. FreeHand Systems, Inc., MusicPad
Pro®, MusicPad Pro® Plus, MusicPad Maestro™ are trademarks
of FreeHand Systems, Inc.
*****
This
press release contains forward-looking information within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), including statements regarding potential
sales, the success of the company's business, as well as statements
that include the word "believe" or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of FreeHand Systems International, Inc.
to differ materially from those implied or expressed by such forward-looking
statements. Such factors include, among others, the risk factors
included in FreeHand Systems International, Inc.'s Annual Report
and any subsequent reports filed with the SEC under the Exchange
Act. This press release speaks as of the date first set forth above
and FreeHand System International, Inc. assumes no responsibility
to update the information included herein for events occurring after
the date hereof. Actual results could differ materially from those
anticipated due to factors such as the lack of capital, timely development
of products, inability to deliver products when ordered, inability
of potential customers to pay for ordered products, and political
and economic risks inherent in international trade.
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