Quorum Information Technologies Inc.
TSX VENTURE : QIS

Quorum Information Technologies Inc.

March 30, 2016 07:45 ET

Quorum Information Technologies Highlights Growth

As a Result of High Demand for its System and Services, the Company Has Expanded its Staff by 23%

CALGARY, ALBERTA--(Marketwired - March 30, 2016) - Quorum Information Technologies Inc. (Quorum) (TSX VENTURE:QIS), a North American automotive dealership and customer management system provider, released information today about its recent rapid growth.

Maury Marks, Quorum's President and CEO, said, "Quorum is a public company, and while the annual results for 2015 have not been formally released yet, I can say that the past couple of years have been remarkable for us. We have made huge strides in the product itself, with valuable features that are designed to make dealerships more efficient, improve interaction with their customers and directly drive in additional revenue for their operations. We have also expanded our market by completing integration with key manufacturers and can now serve Toyota, Lexus, Ford and Lincoln franchised dealerships in Canada, in addition to franchises that we already serve."

"The result has been impressive demand for our DMS, XSellerator™, and the consulting and training services we provide. Not only are more and more dealerships coming to us to take advantage of XSellerator, but our existing customers have found significant value in having our skilled consultants train them to use the system to make more money for their dealership (we call it our 'M3' process), while providing even better service to their customers," Marks added.

"We are in a high-touch, people-centered business. While the system often gets the glory, it is our team members that make it work for our customers, and I'm so proud of them. In order to meet the demand we are experiencing, Quorum has recruited and hired over twenty (20) new top-notch professionals over the past nine months, mostly in our services group. As these new team members train alongside our experienced ones, our capacity to deliver even more installations and consultative visits increases for the balance of 2016 and beyond," he concluded.

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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