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NEWS
RELEASE
FOR IMMEDIATE RELEASE
FreeHand
Systems Files Form 10-SB
LOS
ALTOS, Calif., August 29, 2007 – FreeHand Systems International,
Inc. (OTCO:FSYI) announced today that it has filed a Form 10-SB
registration statement with the Securities and Exchange Commission
(SEC) to become a fully reporting company, one of the necessary
steps the company must take to advance to the OTC Bulletin Board
(OTCBB). This Form 10-SB is a 1934 Act filing to register
the Company’s common stock and return the Company to a
current position in its SEC reporting. FreeHand Systems,
wholly owned subsidiary of FreeHand Systems International,
Inc.,
is the global leader in digital sheet music publishing and is
the manufacturer of the first digital music performance and education
tablet, the MusicPad Pro® Plus, whose revolutionary technology
is shaping the future of the distribution and performance of
sheet music.
Kim
Lorz, Chairman and CEO of FreeHand Systems, said, "Although
the filing of our Form 10-SB has not yet been reviewed by the
commission, it represents a significant milestone for our company.
FreeHand’s dissemination of financial information will
be easily accessible to our investors and other interested parties
and we look forward to completing the review process and making
timely reports in future months. Our next report, due by
November 14, 2007, will be for the second fiscal quarter ending
September 30, 2007 and these reports should keep the public updated
with regards to the Company's financial position and performance.''
FreeHand
Systems, Inc. (www.freehandsystems.com)
is the developer and manufacturer of the MusicPad
Pro® Plus,
the world’s only digital sheet music tablet which can store
literally a limitless number of sheet music pages. The company’s
digital sheet music website, www.freehandmusic.com is
the Internet’s largest online sheet music catalog, with
over 90,000 titles. Making physical deliveries and exhausting
retail searches a thing of the past, FreeHand online users and
its sheet music retailers are able to digitally download music
to their hard drives, printers or to FreeHand’s MusicPad
Pro in a matter of seconds.
The
environmentally friendly MusicPad allows the operator to download
from its online catalog or scan in any piece of sheet music,
which then converts to the pad’s template. The user is
able to annotate or make corrections, including changing the
key of entire compositions in a matter of seconds. The pad additionally
contains a zoom-in/zoom-out feature, an extensive library of
notation symbols, a half-page turn option (for look-ahead viewing
in portrait mode) as well as a back-lit device (making external
stand lighting unnecessary). The MusicPad Pro is accessibly priced
at US$899.
This
press release is neither an offer to buy or sell securities of
the Company.
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 Systems 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. |