Qrs Music Technologies Inc - Current report filing (8-K)
28 Dezember 2007 - 10:54PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report:
December 21, 2007
(Date of earliest event reported):
December 21, 2007
Commission File No. 0-31955
QRS Music Technologies, Inc
(Exact name of Registrant as specified in its
Charter)
Delaware
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36-3683315
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(State or other jurisdiction of incorporation)
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(IRS Employer Identification Number)
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2011 Seward Ave, Naples, FL
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34109
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
239-597-5888
Former name or former address, if changed since last Report:
N/A
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement
to communications pursuant to Rule 13e-4(c) under the Exchange Act
Item
1.01 Entry into a Material Definitive Agreement
On February 10, 2006 the Company (QRS Music Technologies, Inc.) entered into a letter of intent with National Education Music Co. (NEMC) and its shareholders. The letter related to a possible acquisition of NEMC by the Company. On December 19, 2007 the Company entered into an additional agreement with NEMC in regards to the acquisition. In order to maintain exclusivity for the transaction, the Company agreed to pay the shareholders of NEMC $250,000 and agreed to pay the legal fees of NEMC for the remainder of the transaction period and continue to pay one half of the fees relating to quarterly and yearly financial statement preparation.
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SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Date: December 28, 2007
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QRS
Music Technologies Inc
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By:
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/s/ Ann Jones
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Ann
Jones Chief Financial Officer
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3
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