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QRS Music Technologies, Inc. News Release.

NAPLES, Fla. -- On November 8, 2007 the Company (QRS Music Technologies, Inc.) received notice from the NASD that it was in violation of NASD Rule 6530 as a result of its failure to file its Annual Report on Form 10-KSB for the period ended June 30, 2007 with the Securities and Exchange Commission within the prescribed time period, and if such delinquency was not cured by 5:30pm Eastern Daylight Time on November 15, 2007 the Company's stock would not be eligible for quotation on the OTC Bulletin Board (the "OTCBB") and would thereafter be removed from the OTCBB.

On October 18, 2007 the Company filed an 8-K stating that they had not been able to complete the necessary compilation of information and was still in the process of gathering the necessary information and preparing its 10-KSB annual report. That compilation of information is still ongoing, and as such, the Company will be unable to file the 10-QSB for the quarter ended September 30, 2007. The 10-QSB report contains comparative information to the annual report, and as such cannot be released until the 10-KSB is filed.

The Company does not believe there will be any impact on any previous financial reports.

The QRS Pianomation[R] system can turn any piano into a reproducing player piano. A hardware and software process can store and transport Musical Instrument Digital Interface ("MIDI") information as an analog signal. This process gives QRS the ability to store, and wirelessly transmit, MIDI performance data in an analog format from a controller (CD, video, cassette, DVD, DAT or Minidisc) to the receiver on the piano. This creates numerous possibilities. For example, most off-the-shelf audio equipment has a left and right channel available for use. State-of-the-art technology permits QRS to store the digital signal in an analog format on the left channel of the software, which operates those players. This leaves the right channel available for live prerecorded audio music, even vocal recordings. Pianomation[R] blends them together in perfect harmony and perfect synchronization. The Pianomation[R] MIDI System is the first product of its kind to "marry" analog and digital technology.

QRS Music Technologies' World Wide Web site is www.QRSMusic.com. Sample audio selections are available at the Web Site. QRS Music Technologies, Inc.'s stock is traded Over-The-Counter on the OTC: QRSME.

Forward Looking Statements. Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statements containing words, such as, "believes," "should," "anticipates," "plans," or "expects" as well as other statements are forward-looking, and those statements involve risks and uncertainties outside of the control of QRS and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Attention is directed to cautionary statements in our filings on Form 10-KSB for the fiscal year ended June 30, 2006 and our other filings with the Securities and Exchange Commission. All those filings are available on the Web site of the Securities and Exchange Commission at www.sec.gov.
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Publication:Business Wire
Date:Nov 16, 2007
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