 |
NEWS
RELEASE
FOR IMMEDIATE RELEASE
FreeHand
Systems Finalizes Agreement To Offer Digital Sheet Music In China.
Contract
with People’s Music Publishing House Makes FreeHand the First
Company to Sell Western Sheet Music in China via the Internet.
LOS
ALTOS, Calif. – September 21, 2006 –FreeHand Systems,
Inc., wholly owned subsidiary of FreeHand Systems International,
Inc. (OTC:FSYI), announced today that it had entered into an agreement
with the People’s Music Publishing House, Beijing, China,
to distribute its digital sheet music in China. FreeHand will begin
by offering titles from its classical music catalog (currently over
50,000 titles) via download in music stores and will develop a Chinese
language website for direct consumer purchase. FreeHand Systems
is the elite digital music company whose revolutionary technology
is shaping the future of the distribution and performance of sheet
music.
“As
the 4th largest economy in the world, China offers FreeHand major
opportunities to sell digital sheet music,” said Kim Lorz,
CEO of FreeHand Systems. “FreeHand is already distributing
its MusicPad Pro® in China through Tom Lee Music. Now, this
new relationship reinforces our leading role in providing access
to digital sheet music to this growing market where almost every
family owns a musical instrument. We see major growth potential
in this market for not just classical, but also folk, jazz, blues
and Western pop music."
Wu
Bin, Editor in Chief, People’s Music Publishing House, stated,
“I am pleased and proud that
PMPH will be working with FreeHand on this project. We are very
excited to begin to provide more excellent music, both Western and
Chinese, for our music lovers. We are looking forward to working
with FreeHand and establishing our partnership, so that the over
220 million music students in China will have access to digital
distribution from their local music store and directly via the new
Chinese language website.”
People’s
Music Publishing House is the leading professional music publisher
in China with an over 70-year history of successfully publishing
Chinese and foreign books on music, music scores, textbooks, reference
books and audio visual products to the growing Chinese musician
market. It’s uniquely designed and well-edited music textbooks
have been welcome in primary and secondary schools all over China.
PMPH’s annual sales, at about $1 billion have been growing
at over 10% per year.
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 performance and education tablet, the MusicPad
Pro® Plus, which has an MSRP of $1199. 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 to print or transfer
to the MusicPad Pro, which can range from $1.95 for a simple one-page
lead sheet to over $50 for a full complete set of score and performance
parts.
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. |