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FOR IMMEDIATE RELEASE

Media Contact:
Rob Goldstone / David Wilson
Oui 2 Public Relations 212-541-5698

FreeHand Systems Closes Additional Institutional Round of Funding  from Vision Capital Advisors, LLC.

NEW YORK, New York / LOS ALTOS, Calif., June 1, 2007 – FreeHand Systems, Inc., wholly owned subsidiary of FreeHand Systems International, Inc.(OTC: FSYI), announced today that it has closed its third institutional round of private funding from Vision Capital Advisors, LLC. FreeHand is the elite digital music company whose revolutionary technology is shaping the future of the distribution and performance of sheet music.

“We are pleased to be able to continue our efforts to assisting this young aggressive company to reaching its goals,” said Jonathan Shane of Vision Capital Advisors, LLC. “We believe that FreeHand’s technology and products are proving to be very much a part of the future of the music business.”

“This additional capital will allow FreeHand to continue on its path toward achieving its profit and sales goals and toward meeting our aggressive product roll-out expectations,” says Kim Lorz – CEO of FreeHand Systems, Inc.

In connection with this financing, Vision exercised 4,000,000 warrants, paying $2,000,000 and receiving 4.0 million shares.  All remaining warrants had their exercise price reset to $.50.  Following this financing, Vision has warrants outstanding to purchase 16,000,000 shares of common stock.

Vision is an SEC-registered investment advisor that specializes in making value-oriented investments in fundamentally strong small-cap public companies.

FreeHand Systems, Inc. (www.freehandsystems.com), a wholly owned subsidiary of FreeHand Systems International, Inc. (FSYI), is the developer and manufacturer of the revolutionary music performance tablet, the MusicPad Pro® Plus, the world’s only digital sheet music tablet which can store literally a limitless number of sheet music pages. The environmentally friendly pad 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 then 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.

In addition to the MusicPad, the company’s digital sheet music website, 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.

FreeHand Systems, Inc., a wholly owned subsidiary of FreeHand Systems International, Inc. (OTCO: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.

Investor Contact:
650-941-0742 (Investor Relations)
investorrelations@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.

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