Filed by Coda Music Technology, Inc.
Pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to
Rule 14a-12 of the Securities and Exchange Act of 1934, as amended.
Subject Company: Coda Music Technology, Inc.
Commission File: 0-26192
FOR IMMEDIATE RELEASE CONTACT: Barb Remley, Coda 952-937-9611
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CODA ANNOUNCES THAT NET4MUSIC HIRES ONE OF UK'S TOP EDUCATIONAL
PUBLISHING EXECUTIVES
Minneapolis, MN, USA, September 28, 2000--Coda Music Technology, Inc.
(NASDAQ:COMT) is successfully moving its strategic merger with Net4Music SA
forward as announced August 27, 2000, currently targeted to be complete on
October 19, 2000. As they get closer to this merger the activities of both
companies become more important to the financial community and others who have
followed Coda. To that end, Coda management is informing you of important events
at Net4Music.
Net4Music, the premier Internet resource for musicians, announced September 19th
that British educational music publishing expert Mark Mumford has joined the
company as its Vice President of Education. Mumford, the former Head of
Publishing for the International Music Publications division of Warner Music
Group, has managed the marketing, licensing, and editorial content of some of
the world's largest educational and popular printed music catalogs, including
those of Warner/Chappell, EMI Music Publishing and the Music Sales Group.
The hire is the latest in a series of educational initiatives undertaken by
Net4Music. As the combined company of Coda Music Technology and Net4Music SA
expands the products and services it offers educators and students online,
Mumford will be instrumental in developing strategies for reaching the
educational market.
"The flexibility and immediacy of the Internet offers us a way to stop the
decline in the number of people who want to learn, make, compose and print
music," said Mumford. "Combining Net4Music's unsurpassed catalog of digitized
sheet music and strong copyright protection technology with some of the most
often used software tools in the academic world, we can begin to revolutionize
music education."
Mumford plans to make some changes to the look and feel of the Net4Music.com
site, providing a more personalized experience for educators and consumers
alike.
Mumford studied flute, piano and music theory in Cardiff, UK, and graduated in
1987. After teaching and working as a freelance musician for several years, he
worked his way up from Sales Manager at Rose Morris Music Store to the manager
of International Music Publications' Educational Division. At IMP, Mumford was
responsible for the entire educational publishing process, from editorial and
creative development to marketing and distribution. Following a short time as
Education Sales and Marketing Manager for the Music Sales Group in 1998, Mumford
returned to IMP, and in November 1999, he was named Deputy Managing Director &
Director of Publishing - a post that required him to report directly to the CEO
of Warner Brothers Publications.
"Mark Mumford has spent the majority of his career working in or marketing to
the music education community," said Net4Music CEO Francois Duliege. "We are
extremely excited about the insight he can bring to our organization. He will be
instrumental in our efforts to meet the needs of music instructors and students
around the world."
About Net4Music:
Net4Music is a company for musicians, by musicians. Using Internet technology,
Net4Music has revolutionized the distribution of sheet music by licensing the
digital distribution rights to the world's largest catalog of titles from all
music genres and offering secure downloads of this sheet music. Net4Music's
innovative services empower the music end user by providing musicians and
composers with immediate access to one of the largest collections of musical
scores along with unparalleled copyright protection for music publishing.
Through Net4Music's web site, musicians can reference and download sheet music
for faster, easier and safer distribution than was previously possible. With its
cutting-edge services and growing number of strategic partnerships, Net4Music is
fast becoming the premier online portal for musicians.
# # #
Coda Music Technology and/or its officers and directors may be deemed to be
participants in the solicitation of proxies from shareholders of Coda Music
Technology with respect to Coda's merger with Met4Music. Information regarding
such officers and directors is included in Coda Music Technology's annual report
on Form 10-KSB for the year ended December 31, 1999 filed with the SEC on March
27, 2000. This document is available free of charge at the SEC website at
www.sec.gov and from the Coda Music Technology contact listed above.
THIS PRESS RELEASE IS BEING FILED PURSUANT TO RULE 425 UNDER THE SECURITIES ACT
OF 1933 AND IS DEEMED FILED PURSUANT TO RULE 14A-12 UNDER THE SECURITIES
EXCHANGE ACT OF 1934. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL
SECURITIES. SHAREHOLDERS OF CODA MUSIC TECHNOLOGY AND OTHER INVESTORS ARE URGED
TO READ THE PROXY STATEMENT - PROSPECTUS WHICH WILL BE INCLUDED IN THE
REGISTRATION STATEMENT ON FORM S-4 FILED BY CODA MUSIC TECHNOLOGY IN CONNECTION
WITH THIS TRANSACTION BECAUSE IT CONTAINS IMPORTANT INFORMATION. THE
REGISTRATION STATEMENT IS AVAILABLE FREE OF CHARGE ON THE SEC WEBSITE AT
WWW.SEC.GOV AND FROM CODA MUSIC TECHNOLOGY THROUGH THE CONTACT LISTED ABOVE.
Safe Harbor Statement. This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, which reflect Coda's current views of future events
and financial performance, involve known and unknown risks and uncertainties
which could cause actual results or facts to differ materially from such
statements for a variety of reasons including, but not limited to, the risks
described from time to time in Coda's reports to the Securities and Exchange
Commission (including Coda's Annual Report on Form 10-K). Investors should take
such risks into account when making investment decisions. Shareholders and other
readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. Coda
undertakes no obligation to update publicly or revise any forward-looking
