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From the Wires
MakeMusic's Monthly SmartMusic Subscription Report
SmartMusic subscriptions total 93,616

By: Business Wire
Aug. 8, 2008 04:40 PM

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.

Published Aug. 8, 2008
Copyright © 2008 SYS-CON Media. All Rights Reserved.
About Business Wire
Copyright © 2008 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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