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FOR
IMMEDIATE RELEASE
FreeHand
Systems acquires SheetMusicNow adding digital rights to over 32,000
additional works making it the largest provider of digital sheet
music in the world.
With
this acquisition FreeHand Systems is now the largest online provider
of classical and jazz digital sheet music titles in the world.
LOS
ALTOS, Calif. – November 2, 2005 – FreeHand Systems
International, Inc. (OTCO:FSYI) (“FSYI”), announced
today that it has acquired Denmark-based Sheet Music Now A.S. This
acquisition ensures FSYI’S position as one of the largest
source for downloadable digital sheet music and further enhances
its reputation as a leader in the digital music industry whose revolutionary
patented technology is shaping the future of distribution and performance
of sheet music. In addition to its digital sheet music business,
FSYI is the developer, manufacturer and marketer of the world’s
first digital music tablet, the MusicPad Pro® Plus.
The
acquisition of SheetMusicNow.com adds digital distribution rights
to an additional 32,000 plus titles of which 15,000 are already
digitized and online. These titles constitute the largest independent
catalog of digitized classical and jazz sheet music available to
download and print.
FSYI’S
CEO Kim Lorz commented “We are pleased to add these internationally
recognized classical and jazz sheet music titles to our catalog
and look forward to merging them into our current library of over
45,000 titles, With this acquisition and our planned combining of
our current sheet music website, sunhawk.com, with SheetMusicNow.com,
we will be able to provide a quality and effective resource for
musicians searching for music in all musical genres.”
SheetMusicNow.com
distributes digital sheet music from publishers including Universal
Editions, Schott Musik International, The Associated Board of the
Royal Schools of Music, Josef Weinberger, Ltd., Chanterelle, Verlag,
Muzyka (Moscow), TARA Publications and Pizzicato. The portfolio
contains works by world famous artist including the original works
of Chick Corea, Sir James Galway, David Liebman, Steven Isserlis.
Michal Petri, Bent Fabric, Andreas Staier and Stephen Hough.
Jonathan
Irons, CEO of SheetMusicNow.com said, “in addition to the
website, www.SheetMusicNow.com
we’re excited to continue building revenue streams via institutions
such as public libraries and universities. Plus, now we can expand
all of this to take advantage of the amazing technology provided
by the MusicPad Pro.”
FreeHand
Systems is a privately held Silicon Valley company offering digital
sheet music solutions. Its lead product, the MusicPad Pro Plus fits
neatly on a music stand, solving the age-old problem of turning
music pages by letting musicians simply touch the screen. The MusicPad
Pro Plus creates a paperless environment by providing storage capacity
for an entire music library of more than 5,000 pages of sheet music.
Plus, with FreeHand’s digital music store, www.sunhawk.com,
musicians everywhere can download over 45,000 scores already formatted
for easy transfer to their MusicPad Pro.
Investor
Relations: 480.609.0468
Heather Owens
www.otcinfo.net
Media
Contact:
Clyde Beswick
FreeHand Systems, Inc.
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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