Coda and Net4Music Announce Definitive Agreement to Create Leading Internet Music Company.Business Editors MINNEAPOLIS & PARIS--(BUSINESS WIRE)--Aug. 11, 2000 Coda Music Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COMT COMT Catechol-O-Methyltransferase COMT Certified Ophthalmic Medical Technologist ) and Net4Music S.A. today announced that they have signed a definitive Stock Purchase Agreement covering a transaction under which Coda eventually will acquire all the shares of Net4Music in consideration for shares of Coda common stock. Under the terms of the proposed transaction, Net4Music's existing shareholders would own on a fully diluted basis approximately two-thirds of the combined company. Following the transaction, the combined company would be called Net4Music Inc. and would have over $17,000,000 in cash. The transaction will be treated as a purchase for accounting purposes. The combined company is expected to continue to trade on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. following completion of the transaction. Coda Music Technology, Inc. develops and markets proprietary music technology products including Finale, the world's best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best music notation software product and SmartMusic Intelligent Accompaniment products, a comprehensive music practice system that listens to you sing or play and follows your spontaneous tempo changes. SmartMusic makes practicing music fun, productive and entertaining and has over 5,000 accompaniment titles. Finale is the standard development tool for many music publishers, which means most of their titles are already in the Finale file format, ready to be customized for each consumer and distributed on the Internet. SmartMusic Accompaniments, assessment and instruction are natural add-ons to digital print music products. Net4Music, using Internet technology, has revolutionized the distribution of sheet music by licensing digital distribution rights to create the world's largest catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of digital sheet music Digital sheet music, also known as Interactive or Virtual, is the newly developed technology distributing high quality but low cost sheet music, which is often created and arranged according to the users’ preferences (custom sheet music or sheet music by titles from all music genres This list is split into four separate pages: Coda Music Technology and/or its officers and directors may be deemed to be participants in the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of proxies from shareholders of Coda Music Technology with respect to this transaction. Information regarding such officers and directors is included in Coda Music Technology's annual report on Form 10-KSB for the year ended December 31, 1999 filed with the SEC on March 27, 2000. This document is available free of charge at the SEC website at www.sec.gov and from the Coda Music Technology contact listed above. This press release is being filed pursuant to rule 425 under the securities act of 1933 and is deemed filed pursuant to rule 14a-12 under the securities exchange act of 1934. This press release does not constitute an offer to sell securities. Shareholders of coda music technology and other investors are urged to read the proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. - prospectus which will be included in the registration statement on form s-4 to be filed by coda music technology in connection with this transaction because it will contain important information. After such document is filed, it will be available free of charge on the sec website at www.Sec.Gov and from coda music technology through the contact listed below. The transaction is subject to customary conditions, including approvals by shareholders of Coda and Net4Music. The companies expect the transaction to be completed in October 2000. |
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