SCOTTSDALE, Ariz., Oct. 19, 2005 (PRIMEZONE) -- Angelo J. Panzarella, Director of FreeHand Systems International, Inc. (Pink Sheets:FSYI), announced today that for economic reasons and to streamline communication between the parent and the subsidiary, the Scottsdale Arizona and the Los Altos office will be consolidated into the Los Altos office as soon as practical. Effective immediately, all correspondence for FreeHand Systems International, Inc. and its subsidiary should be sent to the Los Altos, California address.
The wholly owned subsidiary, FreeHand Systems, Inc., is a global leader in digital sheet music publishing and is the manufacturer of the first digital music tablet, the MusicPad Pro(r) Plus. The pad provides innovative technology to the music industry. The company also is a leader in the digital sheet music distribution and offers over 45,000 digital sheet music titles for download at its www.sunhawk.com website.
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 System Internationals, 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.