Quorum Releases Q1 FY2008 Results

Quorum Information Technologies Inc. ("Quorum" or the "Corporation") (TSX
VENTURE:QIS) today released First Quarter (Q1) Fiscal Year (FY) 2008 results.
Quorum provides services to General Motors (GM), Chrysler and Hyundai
dealerships in North America. The Corporation is an Integrated Dealership
Management System (IDMS) strategic partner with GM and a strategic partner with
Microsoft. Quorum's XSELLERATOR(TM) product is broadly promoted to GM
dealerships by these two world-class organizations. Quorum has a large
opportunity with a market of approximately 12,000 dealerships.


Historically, the Corporation has placed significant emphasis on growing its
customer base, however, in FY2007, the Corporation changed its strategy, placing
a much greater emphasis on cost management and on providing value added,
recurring services to existing customers. Positive outcomes from this strategy
include:


a) Quorum has reduced its quarterly cash expenditures from $3,387,779 in Q1
FY2007 to $2,335,668 in Q1 FY2008;


b) The Corporation's recurring support revenues were $1,221,448 in Q1 FY2008
compared to $903,478 in Q1 FY2007; and


c) Despite only having two net new sales in Q1 FY2008, the Corporation's cash
consumption, net of financing activities, decreased from $1,483,550 in Q1 FY2007
to $563,228 in Q1 FY2008.


Quorum's sales demand was down in Q1 FY2008 in part due to a dispute between
Reynolds & Reynolds (R&R) and GM which left many dealerships unsure of what
future action they should take. This dispute has been resolved and R&R is no
longer in the GM IDMS program which provides significant opportunities for
Quorum.


As previously announced, based on signed agreements, the Corporation has filled
its implementation capacity for Q2 FY2008. The Corporation is pleased to
announce that it has also filled its implementation capacity for Q3 FY2008 which
will result in a total of 25 new installations to the end of Q3 FY2008. The
Company forecasts 10 additional new installations for Q4 FY2008 for a total of
35 new installations for the FY2008 year. This compares to 29 installations for
FY2007.


With a much leaner cost structure and full implementation capacity reached for
Q2 and Q3 FY2008, Quorum expects better results for these quarters. The
Corporation has an opportunity to expand sales under the GM IDMS program for Q4
FY2008 and beyond . Additionally, Quorum is now actively targeting Chrysler
dealerships throughout North America. This is a result of a key milestone being
achieved in Q1 FY2008, as Quorum implemented its second Chrysler pilot
dealership.


In Q2 FY2008, the Corporation will deploy its first GM US integration point
under the GM IDMS contract and has plans to deploy seven more integration points
before the end of the year.


On April 15, 2008 Quorum raised gross proceeds of $1,500,000 by way of a 12%
secured convertible debenture. The net proceeds of the financing will be used to
capitalize on the sales opportunity and for general corporate purposes.


"This will be an exciting year for Quorum as the GM IDMS contract starts
producing tangible results, net new sales increase, and our financial
performance improves," said Maury Marks, President and CEO of Quorum.


Q1 FY2008 Financial Highlights

- 74% increase in cash flow from operating activities from Q1 FY2007.

- 31% decrease in quarterly cash expenditures from Q1 FY2007.

- 62% decrease in cash consumption (net of financing activities) from Q1 FY2007.

- 21% decrease in gross revenues from Q1 FY2007.

- Net loss for Q1 FY2008 increased to $522,220 versus $320,125 in Q1 FY2007.

- 35% increase in ongoing annuity XSELLERATOR software support revenue over Q1
FY2007.


- 1% increase in customer base since December 31, 2007 from 201 to 203.



Results of Operations
                                                     (Dollar figures in 000)
----------------------------------------------------------------------------
                                                     FY 2008        FY 2007
                                                    March 31       March 31
                                                          Q1             Q1

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Gross revenue                                         $1,673         $2,114
Gross profit                                             505            677
Expenses                                                 924          1,032
Operating loss before interest, taxes, depreciation     
 and amortization (EBITDA)                              (419)          (355)
Net loss                                                (522)          (320)
Cash flow from operating activities                     (226)          (851)
Quarterly cash expenditures (Cash payments for
 operating and investing activities)                   2,336          3,388
Cash consumption (Net cash outflow from
 operating and investing activities)                  $  563         $1,484
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KEY MANAGEMENT METRICS
XSELLERATOR installations - in the period                  2             15
XSELLERATOR installations - to date                      203            190
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About Quorum

Headquartered in Calgary, Alberta, Quorum's focus is on developing, marketing,
implementing and supporting its XSELLERATOR(TM) 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 Inc. is traded on the Toronto Venture Exchange (TSX-V) under the
symbol QIS.