MakeMusic, Inc. (Nasdaq: MMUS) today announced monthly subscription
results for SmartMusic®,
the music learning software for band, orchestra and choir. SmartMusic
subscriptions as of July month-end numbered 93,616, representing a net
loss of 2,016 from the previous month. Additionally, at the end of July,
135 schools or districts had joined SmartMusic’s
site subscription program, compared to 97 at the end of June.
SmartMusic Impact™,
the web-based student grading and records management system included
with SmartMusic, showed one Impact teacher (having issued assignments to
50 or more students). This number is an annual statistic that restarts
on July 1 of each year reflecting the start of the school-year cycle.
Finally, the number of SmartMusic Educator accounts was 8,933, compared
to 8,165 at the end of June, an increase of 768 accounts. The majority
of this increase is due to the reclassification of partnership
subscriptions that occurred through the simplification of pricing and
reporting structures completed on July 28, 2008.
“Our July subscription and Impact results
reflect the cyclical nature of the annual school schedule and are in
line with our expectations,” stated Ron Raup,
MakeMusic’s co-CEO. “As
the 2007-08 school year closed, some student subscriptions lapsed and
many of these may not be renewed until the fall back-to-school season.”
About MakeMusic, Inc.
MakeMusic®, Inc., a
Minnesota corporation, is a world leader in music technology whose
mission is to enhance and transform the experience of making, teaching,
learning, and performing music. For 20 years, Finale®
has been the industry standard in music notation software. It has
transformed the process by which composers, arrangers, musicians,
teachers, students, and publishers create, edit, audition, print, and
publish musical scores. Additionally, MakeMusic is the creator of
SmartMusic®, the
complete practice tool for band, orchestra, and choir and SmartMusic
Impact™, a web-based grade book that makes it
easy to manage, grade, and document assignments for every student.
Further information about the company can be found at www.makemusic.com.
Cautionary Statements
Certain statements found in this release may constitute
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements reflect the
speaker’s current views with respect to
future events and financial performance and include any statement that
does not directly relate to a current or historical fact. Our
forward-looking statements in this release relate to SmartMusic student
subscription renewals during the back to school season. Forward-looking
statements cannot be guaranteed and actual results may vary materially
due to the uncertainties and risks, known and unknown, associated with
such statements. Examples of risks and uncertainties for MakeMusic
include, but are not limited to, those risks described from time to time
in our reports to the Securities and Exchange Commission (including our
Annual Report on Form 10-KSB). Investors should not consider any list of
such factors to be an exhaustive statement of all of the risks,
uncertainties or potentially inaccurate assumptions investors should
take into account when making investment decisions. Shareholders and
other readers should not place undue reliance on “forward-looking
statements,” as such statements speak only as
of the date of this release. We do not intend to update publicly or
revise any forward-looking statements.