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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Quorum Information Technologies Inc | TSXV:QIS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -2.30% | 0.85 | 0.86 | 0.87 | 0.88 | 0.85 | 0.88 | 7,000 | 20:59:06 |
Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) today announced the selection of Dealer Credit Corp. as their strategic finance partner. This relationship is designed to bring Quorum's dealership management system (DMS) customers access to fast and easy financing of the capital costs of switching to Quorum's state-of-the-art DMS. Given the current market conditions, this is the perfect time for dealerships to upgrade their systems in anticipation of a market upturn. "This new relationship with Dealer Credit Corp. helps us compete with larger companies that have private financing options, and brings real value to our customers by allowing them take advantage of the superior software from Quorum now, while helping them manage their cash flow through these difficult economic times," said Mark Allen, Quorum's Vice President of Sales, Marketing & Services. Doug Annas, President of Dealer Credit Corp., commented, "We are pleased to be able to work with Quorum to offer its customers ready access to competitive financing. We've always prided ourselves on being easy to do business with and to be able to offer truly 'no-hassle' leasing for dealers needs. The financing for Quorum's customers is flexible and can cover all of the up-front costs associated with implementing or upgrading their systems." About Dealer Credit Corp. Dealer Credit Corp. is a national finance company specializing in leasing for automobile dealers. They offer extremely attractive terms including an application only program up to 150k and the personal guarantees of the dealer principle are usually not required. Dealer Credit Corp. will provide financing for Quorum dealers in both the United States and Canada. More information is available at: www.signatureleases.com/Dealer-Credit-Corp.html. 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 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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