Quorum Information Technologies Inc.
TSX VENTURE : QIS

Quorum Information Technologies Inc.

September 08, 2010 08:00 ET

Quorum and Credit Bureau Connection Announce Strategic Relationship and Launch Industry-Leading Integration

CALGARY, ALBERTA--(Marketwire - Sept. 8, 2010) - Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) and Credit Bureau Connection Inc. (CBC) announced today that they have entered into an exclusive strategic relationship, and have launched ground breaking integration between Quorum's dealer and customer management system, XSellerator™ and CBC's state-of-the-art credit bureau integration services. The result will bring tremendous value to Quorum's dealership customers.

The integration provided between the systems will offer Quorum's dealers immediate access to all three credit bureaus operating in the US and Canada at highly competitive rates. In addition the dealers will be able to route credit applications to the RouteOne, DealerTrack and CUDL finance networks via CBC and take advantage of their cutting-edge automated compliance resources. This functionality is entering pilot testing in US and Canada in October and will be available to Quorum's dealers in the 4th quarter. DealerTrack integration will not be available for Canadian dealers initially. 

"Not only are we able to bring a wealth of new functionality to our dealers through a single strategic relationship with CBC, but the advanced technology of both systems have afforded us the ability to provide a single-sign-on model, something that dealers have long sought-after. What that means is the user can connect from XSellerator to CBC without having to rekey IDs and passwords – a major complaint across all dealerships. This is truly seamless integration," commented Dan Ichelson, Quorum's Vice President of Operations and Development.

Mark Allen, Vice President of Sales, Marketing & Services for Quorum said, "We are excited to embark on this new relationship with CBC. It exactly aligns with our strategy to offer a comprehensive premium dealer and customer management system to dealerships at a price that is far lower than the large providers in the market."

"We are delighted to be Quorum's partner for credit bureau service and finance network services. We believe that Quorum is focused on real benefits to its dealer customers and XSellerator is a great choice for progressive dealerships," commented James Mason, Credit Bureau Connection's VP of Sales and Marketing.

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 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.

About Credit Bureau Connection

Credit Bureau Connection, an authorized reseller for all three of the major credit reporting agencies, provides a total solution to their customers credit reporting needs. Focusing on the automotive industry, we understand the dealerships requirements.

Credit Bureau Connection offers credit reporting solutions designed for new car franchises, independent dealers, brokers, auction houses, wholesalers, RV, motorcycle and marine dealers. CBC provides integrated solution options for automotive related software. For additional information please go to www.CreditBureauConnection.com.

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

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