Quorum Information Technologies Inc.

Quorum Information Technologies Inc.

November 27, 2007 17:16 ET

Quorum Announces Revenue Milestone

Total Monthly Support Revenue Projections Exceed $1.2MM for the 4th Quarter as Company Reports 200 Installed Dealerships Operating Its Software Platform

CALGARY, ALBERTA--(Marketwire - Nov. 27, 2007) - Quorum Information Technologies Inc. (Quorum) (TSX VENTURE:QIS)announced today that it has reached a significant milestone in its core revenue stream, monthly support.

Early in the fourth quarter of calendar year 2007, Quorum brought its 200th customer online with its flagship automotive dealership and customer management system, XSELLERATOR™, which automates, integrates and streamlines every process across all departments in a dealership. As a result, the company's management team now projects in excess of $1.2MM in revenue in the fourth quarter from its monthly support revenue, an increase of 13% over the previous quarter. This is an important development for the company, as consistent, annuity revenues are the most significant key to reaching a positive cash flow overall.

"This industry is built around providing fee-based customer support for automotive dealerships. While in the past Quorum reported sold dealership rooftops, beginning in early 2007 we changed our practice to focus on revenue milestones and installed dealership locations ("rooftops") because these are truly the key measures of our success. We are excited to see our support revenue base continue to increase and are very focused on attaining a positive cash flow in the near future. This announcement demonstrates our movement closer to our overriding goal of total operational expense coverage from our annuity revenue stream, without month-to-month reliance on continued revenue from new installations," commented Maury Marks, Quorum's president and CEO.

About Quorum

Headquartered in Calgary, Alberta, Quorum's focus is on developing, marketing, implementing and supporting its DMS products for the automotive vertical. Quorum's suite of dealership and customer management software products automate, integrate and streamline 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 over 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information