MakeMusic has confirmed that on July 15, 2012, it received an offer from LaunchEquity Partners, LLC for the acquisition of MakeMusic’s operating assets, excluding cash and liabilities, free and clear of all liens and encumbrances, for $13.5 million. The offer from LaunchEquity stipulates that MakeMusic would assume a plan of liquidation including the distribution of MakeMusic’s available cash reserves to existing shareholders. LaunchEquity and a group of its affiliates currently have a 27.7% ownership stake in MakeMusic’s outstanding common stock, according to the latest filings by LaunchEquity and its affiliates with the Securities and Exchange Commission.

In accordance with MakeMusic’s Board of Directors’ fiduciary duties, a Special Committee of independent, disinterested directors has been selected by Board to study the proposal, with the assistance of financial and legal advisors, and establish the appropriate course of action in the best interests of MakeMusic and its shareholders. The Special Committee has been authorized by the Board to evaluate the entire range of possible strategic options for MakeMusic, including maintaining the status quo, remaining an independent, public company, and continuing to progress with MakeMusic’s current growth plans.

MakeMusic’s shareholders are advised that no offer or solicitation has been made to them at this time. There can be no assurance that the consideration of the proposal or the exploration of other strategic alternatives will result in any transaction. MakeMusic does not intend to disclose developments regarding its exploration of the current proposal or other strategic alternatives unless and until a transaction has been approved or final decision to discontinue all such exploration and continue as an independent, public company has been made.

For further information, please visit www.makemusic.com

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