KeyBank, N.A. Selected for Credit Line to Midisoft Corporation.
Midisoft(R) Corporation (OTCBB: MIDI), music technology pioneer and a recognized leader of innovative applications for the control and use of music and sound on personal computers and the Internet, today announced it selected KeyBank, N.A. the 12th largest U. S. bank, to provide the Company with a Line of Credit. The Line will be used to supplement working capital, if required.
"The Company is pleased with the flexibility offered by the Line of Credit provided by KeyBank, N.A." said Larry Foster, Midisoft's President and C.E.O. "As Midisoft leverages its considerable brand name in music creation software onto the explosion of interest in online music distribution, associations with world-class institutions will prove beneficial to the Company's continued growth and success."
Midisoft Corporation develops and sells music creation software for musicians to compose, edit and record music and print engraver-quality sheet music. Midisoft also develops and markets sound and media management products for users to conveniently access Internet content, sound controls and media files directly from their desktops. Midisoft's products help make the wealth of web-based content available and accessible for the enjoyment of the increasing number of consumers who join the Internet daily. For further information, please visit www.midisoft.com or contact Gary Cully, Chief Financial Officer (email@example.com) at (425) 313-3440.
Midisoft is a registered trademark of Midisoft Corporation. All other names mentioned are trademarks of their respective companies.
All statements in this press release other than statements of historical fact are forward-looking statements that involve risks and uncertainties. There can be no assurance that the Company's plans will be realized, that revenues will increase or that the Company's operations will improve. Reference is made to Midisoft's Annual Report on Form 10-KSB for the year ended December 31, 1998 and to the Company's other reports filed with the Securities and Exchange Commission for a discussion of such risks and uncertainties and other factors that may have a material effect on the Company's business.
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|Date:||Jul 6, 1999|
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