QRS Music Technologies, Inc. Signs Licensing Agreement with Roland

Business Wire, Jan 16, 2003

Business Editors

NAPLES, Fla.--(BUSINESS WIRE)--Jan. 16, 2003

QRS Music Technologies, Inc. (OTCBB:QRSM) announced today that it has signed a Licensing Agreement with Roland Corporation.

Under the terms of the Licensing Agreement, QRS Music will allow the Roland processor to play QRS Music CDs on the new Roland line of Digital Intelligent grand pianos that have moving keys. The Licensing Agreement is restricted to only digital pianos. QRS Music will be supplying them with their new QRS Music Bench Packs. Also, QRS Music will include the Roland logo and instrument name in the new CD catalogs' compatibility chart. Additional terms of the transaction were not disclosed.

Mr. Katsuyoshi Dan, President of Roland Corporation, said: "We selected QRS Music to be our musical partner because of their extensive musical selection, fine reputation and leadership position in the digital music industry. By joining forces, we can offer our customers hundreds of CDs and thousands of songs immediately to enjoy on our digital pianos. The moving keys will add to the visual enjoyment of hearing great music on our pianos."

Tom A. Dolan, QRS Music President, said: "This Licensing Agreement will permit us to market our vast music library around the world. This is a wonderful opportunity for QRS Music to expand the reach of our music and music technology worldwide with a major name in the digital piano world. We are delighted that we can work together."

About Roland Corporation

Roland is a world leader in the design, manufacture, and distribution of electronic musical instruments, high-end audio equipment, and musical accessories. Products include keyboards, synthesizer, digital samplers, guitar synths, electronic percussion, digital pianos, organs, hard disk recorders, multimedia products and accessories. Roland Corporation is based in Osaka, Japan, and its stock is traded on the First Section Tokyo and Osaka Stock Exchanges.

About Pianomation(R)

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 that 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 OTCBB:QRSM.

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 10K-SB for the fiscal year ended June 30, 2002, 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.