Corporate Profile for Steinway Musical Instruments, dated March 7, 1997.

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

  Published Date:   March 7, 1997  Company Name:     Steinway Musical Instruments Inc.  Address:          800 South Street, Suite 425                   Waltham, MA  02154  Main Telephone  Number:          (617) 894-9770  Chief Executive  Officer:         Dana D. Messina  Investor Relations  Contact:         Dennis M. Hanson  Business number: (617) 894-9770  Public Relations  Contact:         Leo Spellman  Business number: (718) 721-2600  URL Address:      steinwaymp@aol.com  Trading Symbol:   LVB  Industry:         Musical Instruments  

Company description: The company, through its Steinway and Selmer divisions, is one of the world's leading manufacturers of musical instruments. Steinway produces the highest quality piano in the world and has one of the most widely recognized and prestigious brand names. For more than a century, the Steinway concert grand has been the piano of choice for the world's greatest and most popular pianists, including artists such as Vladimir Horowitz, George Gershwin and Billy Joel. More than 90 percent of all concert piano performances worldwide were on Steinway grand pianos during the 1996 concert season. Selmer is the leading domestic manufacturer of band and orchestral instruments and related accessories, including a complete line of brasswind, woodwind, percussion and stringed instruments. Selmer Paris saxophones, Bach trumpets and trombones and Ludwig snare drums are considered by many to be the finest such instruments in the world. In 1996, Selmer's domestic market share was approximately 42 percent in advanced and professional band instruments and 25 percent in beginner instruments. For 1996, the company's net sales and net income before extra items were $258 and $7.4 million respectively. After its initial public offering in August the stock has traded in a range of $19 to $16.1/8.

CONTACT: Steinway Musical Instruments Inc.