Quorum Information Technologies Inc.
TSX VENTURE : QIS

Quorum Information Technologies Inc.

October 01, 2007 11:41 ET

Quorum Customers Embrace Its Latest Dealership Management Software Release

Nearly 40% of Quorum Dealerships Are On-Board for Version 4.6

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2007) - Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) announced today that the latest version of its flagship dealership and customer management software, XSELLERATOR™, is gaining rapid acceptance with its dealer customers.

All customers who were using the previous version of XSELLERATOR, v4.5, were automatically upgraded to the latest release, which offers a number of new significant features, most notably, integration with Mitchell 1 for service estimating and the all-new electronic incentives, rates and residuals data directly from GM of Canada, Limited. The roll-out to these customers was completed at the end of August, 2007.

"This release was one of our biggest and most complex yet, but it was rolled out and operational very quickly," stated Dan Ichelson, Quorum's VP of Product and Development. "It is so encouraging to hear the positive feedback from our customers as we move our vision of leading-edge integration from the 'whiteboard' to real value for them," he concluded.

The new version has also helped with sales to new customers. Quorum is targeting to acquire 10 new customers per quarter and the fourth quarter of 2007 is 60 % "sold out" status while a number of systems have also been sold for implementation in 2008.

In addition to the customers already on v4.5, an extensive project is underway to migrate all Quorum dealerships to this latest version 4.6. "For our longer-term customers, the move from version 4.3.3 to version 4.6 is a more significant shift in their platform and business but I'm pleased to announce that already 39 dealerships are on-board and many have already been upgraded, " said Mark Allen, Quorum's VP of Planning, Marketing and Strategic Accounts (who is also overseeing this project). "In total we have nearly 40% of our customers using or in the process of being upgraded to our new platform and version. We hope to have everyone taking advantage of the latest version by next summer," he added.

About Quorum:

Headquartered in Calgary, Alberta, Quorum's focus is on developing, marketing, implementing and supporting its XSELLERATOR product for the automotive vertical. XSELLERATOR is a dealership and customer management software product which automates, integrates and streamlines every process across departments in a dealership. One of the select North American suppliers of General Motors' IDMS, Quorum is the third largest DMS provider for GM's Canadian dealerships with more than 20% of the market. Quorum is a Microsoft Gold Certified Partner and Field-Level Managed ISV in both Canada and the United States. Quorum Information Technologies is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to www.QuorumDMS.com.

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