<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; = charset=iso-8859-1"> <META content="MSHTML 5.50.4611.1300" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT size=2>The music trades magazines have been reporting on = Baldwin's financial problems for a year and half and of course it is just as Bill = as been reporting.  Someone at Baldwin though must be still quite = optimistic. The May issue of Music Trades on page 118 reports the = following:</FONT></DIV> <DIV><FONT size=2></FONT> </DIV> <DIV><FONT size=2>BALDWIN PIANO & ORGAN COMPANY recently unleashed = a torrent of new products from all of its major lines. Three columns of the story = then describe the products. </FONT></DIV> <DIV><FONT size=2></FONT> </DIV> <DIV><FONT size=2>Sy Zabrocki--RPT</FONT></DIV> <DIV><FONT size=2>Billings, MT</FONT></DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B> <A title=Billbrpt@AOL.COM = href="mailto:Billbrpt@AOL.COM">Billbrpt@AOL.COM</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A = title=pianotech@ptg.org href="mailto:pianotech@ptg.org">pianotech@ptg.org</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, May 25, 2001 7:33 = PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Baldwin Stock = Dives</DIV> <DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>List, = <BR><BR>The latest stock quote from Baldwin: <BR><BR>BPAO - BALDWIN PIANO & = ORGAN <BR>Exchange: Nasdaq NM <BR>Delay: at least 15 minutes <BR>Last Price: = 2.06 at 15:05 EDT <BR>Change: Down 0.24 (-10.43%) <BR>High: 2.30 at 9:30 EDT = <BR>Low: 2.06 at 15:05 EDT <BR><BR>Bill Bremmer RPT <BR>Madison, = Wisconsin</FONT> </FONT></BLOCKQUOTE></BODY></HTML>