Quorum Information Technologies Inc.
TSX VENTURE : QIS

Quorum Information Technologies Inc.

May 10, 2016 07:00 ET

Quorum Information Technologies Announces Dealer Results

XSELLERATOR™ DMS Customers Exceed $5 Million in monthly Service Revenue & 1 Million Communicator Messages

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Quorum Information Technologies (TSX VENTURE:QIS) (Quorum) released composite results today for its dealership customers that are using the ground-breaking Communicator integrated text and email tool, and Vehicle Inspection Process (VIP) toolkit available within Quorum's dealership and customer management system, XSELLERATOR. There are ten (10) Make More Money (M3) toolkits available in XSELLERATOR - specific sets of process, software functionality and training that are designed to maximize dealership revenue. Chief among them are the fully-integrated and inclusive Vehicle Inspection Process (VIP), which encompasses the entire service flow starting with the customer appointment, through advisor and technician inspections and quoting additional work required.

Communicator has continued to gain widespread adoption and high use among dealerships using Quorum's modern DMS. Over three million messages were processed by the system in 2015. However, by April 8th of 2016 Communicator had produced one million messages already - a 47% rate increase over the same period last year.

"It has been amazing to see how Dealerships have recognized the value that Communicator brings to their business, and the positive reaction to the tool from their customers. Over 200 dealerships using XSELLERATOR are actively taking advantage of Communicator today, with more starting every week. We expect to hit five million messages in 2016, and have some more exciting news about Communicator coming soon," commented Maury Marks, Quorum's President and CEO.

Quorum also released that, when aggregated, the dealerships that have been formally trained on the use of XSELLERATOR's powerful VIP functionality collectively sold $5,145,545 Million in additional customer pay service and parts revenue in March 2016. The 90 dealerships that are trained sold an average of $57,172 each in March 2016.

Marks said, "We are proud of our dealership customers that have made the most of their DMS investment to generate returns for themselves, and provide a valuable service for their customers. Helping our dealership customers achieve their business and financial goals is the cornerstone of what Quorum is all about. Launched just a couple of years ago, the M3 and VIP processes have really taken off and we continue to train dealership on how to fully exploit the capability of XSELLERATOR to their benefit every month. I wouldn't be surprised if we are announcing numbers twice this high this time next year. Especially given our recent announcement about the mobile applications that allow inspections to be conducted from a mobile device and tie right into XSELLERATOR."

About Quorum

Quorum is a North American company focused on developing, marketing, implementing and supporting its XSELLERATOR product for GM, Ford, Chrysler, Toyota, Hyundai, Kia, Nissan, Subaru, NAPA and Bumper to Bumper franchised dealership customers as well as other franchised, independent and some non-automotive dealerships. XSELLERATOR is a dealership and customer management software product that automates, integrates and streamlines every process across departments in a dealership. One of the select North American suppliers under General Motors' DTAP program, Quorum is also one of largest DMS providers for GM's Canadian dealerships with 25% of the market. Quorum is a Microsoft Partner in both Canada and the United States. Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS and in 2016 was selected to the TSX Venture 50®, an annual ranking of the strongest performing companies on the TSX Venture Exchange . For additional information please go to www.QuorumDMS.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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