Quorum Releases Q1 Fiscal Year 2012 Results

Quorum Information Technologies Inc. ("Quorum" or the "Company") (TSX
VENTURE:QIS) today released its First Quarter (Q1) Fiscal Year (FY) 2012
results. Quorum delivers its dealership management system (DMS),
XSellerator(TM), and related services to automotive dealerships throughout North
America. The Company is both an Integrated Dealership Management System (IDMS)
strategic partner with General Motors Corporation (GM) and a strategic partner
with Microsoft. Quorum's XSellerator product is broadly promoted to its target
dealerships throughout North America by these prominent industry partners.
Quorum supplies its DMS to Isuzu, Chrysler, Hyundai, Kia, Nissan, Subaru, NAPA
and Bumper to Bumper franchised and independent dealership customers.


Maury Marks, Quorum's President and CEO made the following remarks about the
Company's Q1 FY2012 results:


Over the last two years, Quorum has become an "all makes" organization, with a
continued emphasis on GM dealerships. Quorum supplies our product to GM, Isuzu,
Chrysler, Hyundai, Kia, Nissan, Subaru, NAPA and Bumper to Bumper franchised
dealership as well as independent dealership customers. 


As the Company has grown in the market, we have also enhanced our operational
excellence by focusing on measurable improvements. Some of our key Q1 FY2012
milestones are as follows:




--  Quorum attained 259 installed active dealership rooftops at the end of
    Q1 FY2012. During the quarter we also sold an additional seven
    dealership rooftops that will be installed in future quarters. Our 259
    dealership rooftops encompass 8,215 active users - approximately 30
    users per rooftop. 
--  Our dealership Customer Satisfaction ("CSI") score results in Q1 FY2012
    were as follows: 
    --  CSI semi annual survey - 78% of end users reported "satisfied" or
        "very satisfied" and 83% of dealer principles reported "satisfied"
        or "very satisfied". 
    --  Our monthly Support CSI survey reported an average of 95% "very
        satisfied" with the service they received from our support center.
--  We piloted the ground-breaking Communicator project which is designed to
    transform how dealership staff is able take advantage of modern
    technology to communicate with their customers and with each other. We
    also piloted "Console" which is a new customizable workspace with a
    cadre of productivity tools to help dealerships improve customer
    service, increase utilization of XSellerator and track key performance
    indicators. Full release of both "Communicator" and the "Console" is
    planned for Q2 FY2012. 

Key financial results summary:                                              

--  Sales decreased slightly by 4% to $1,842K in Q1 FY2012 from $1,912K in
    Q1 FY2011, and margin after direct costs decreased to $1,013K in Q1
    FY2012, as compared to $1,065K in Q1 FY2011, a 5% decrease. The change
    in sales is due to: 
    --  A decrease of $89K in net new revenue which was a result of
        completing six smaller installations in Q1 FY2012 as compared to six
        larger dealership installations in Q1 FY2011.  
    --  An increase of $60K in recurring support revenue as a result from
        having 259 active dealership rooftops at the end of Q1 FY2012 versus
        245 at the end of Q1 FY2011. 
    --  A decrease in integration revenue of $41K due to a reduced number of
        GM integration projects. 
--  Earnings before interest, taxes, depreciation and amortization (EBITDA)
    decreased to $126K in Q1 FY2012 from $323K in Q1 FY2011. Loss before
    taxes decreased to $37K in Q1 FY2012 compared to income of $154K in Q1
    FY2011. The short term decrease is largely due to the movement of some
    key roles within the Company from one office to another. In each case,
    duplicate salaries and benefits expense was incurred as we trained the
    new employee while maintaining the salary of the former employee. As
    well, during Q1 FY2012, the Company incurred marketing expenses from
    hosting the largest booth that Quorum has had since 2007 at the National
    Automobile Dealers Association (NADA) conference. Additionally, the
    Company incurred the cost of hosting a booth at the "by invitation only"
    BMW conference. 
--  Quorum had a net loss of $52K in Q1 FY2012 compared to a net loss of
    $48K in Q1 FY2011. The loss in Q1 FY2012 is due to a short term increase
    in salaries and the costs associated with attendance at the NADA and BMW
    conferences 
--  Quorum posted its eleventh consecutive quarter of cash flow positive
    results. These results are due to a well-managed cost structure and from
    attaining a critical mass of dealerships that generate significant
    higher margin recurring support revenues.



The Company continues to grow our customer base, improve our service offerings
and customer satisfaction, and lead the market in product innovation. We also
continue to deliver solid financial results and improve our cash and working
capital positions by producing improved positive cash flow every year. Our
single biggest challenge in 2012 is to grow our sales and implementation rates
to the "next level." We have already embarked on a number of initiatives that
are focused on meeting this challenge.


Quorum has filed its Q1 2012 consolidated financial statements and notes thereto
as at and for the period ended March 31, 2012 and accompanying management's
discussion and analysis in accordance with National Instrument 51-102 -
Continuous Disclosure Obligations adopted by the Canadian securities regulatory
authorities. Additional information about Quorum will be available on Quorum's
SEDAR profile at www.sedar.com and Quorum's website at www.QuorumDMS.com.




Financial Highlights                                                        
                                                                            
                                     Three Months Ended  Three Months Ended 
                                         March 31, 2012      March 31, 2011 
----------------------------------------------------------------------------
                                                                            
Gross revenue                               $ 1,842,186         $ 1,912,268 
Direct costs                                    828,990             847,575 
                                                                            
Margin after direct costs                     1,013,196           1,064,693 
                                                                            
Earnings before interest, taxes and                                         
 amortization (EBITDA)                          126,456             322,757 
Income (loss) before deferred income                                        
 tax                                            (37,436)            154,210 
                                                                            
Net loss                                        (52,254)            (47,724)
                                                                            
Comprehensive loss                              (92,604)           (100,177)
                                                                            
Basic loss per share                            (0.0013)            (0.0012)
Fully diluted loss per share                  $ (0.0013)          $ (0.0012)
                                                                            
Weighted average number of common                                           
 shares                                                                     
 Basic                                       39,298,438          39,298,438 
 Diluted                                     39,298,438          39,684,319 
                                                                            
XSellerator installations - in the                                          
 period                                               6                   6 
XSellerator active dealership                                               
 rooftops                                           259                 245 
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About Quorum

Quorum is a North American company focused on developing, marketing,
implementing and supporting its XSellerator product for GM, Isuzu, Chrysler,
Hyundai, KIA, Nissan, Subaru, NAPA and Bumper to Bumper 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' IDMS program,
Quorum is the second largest DMS provider 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. For additional information please go to
www.QuorumDMS.com.


Forward-Looking Information

This press release contains certain forward-looking statements and
forward-looking information ("forward-looking information") within the meaning
of applicable Canadian securities laws. Forward-looking information is often,
but not always, identified by the use of words such as "anticipate", "believe",
"plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect",
"may", "will", "project", "should" or similar words suggesting future outcomes.
In particular, this press release includes forward-looking information relating
to results of operations, plans and objectives, projected costs and business
strategy. Quorum believes the expectations reflected in such forward-looking
information are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking information should not be
unduly relied upon.


Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties some of which are described herein.
Such forward-looking information necessarily involves known and unknown risks
and uncertainties, which may cause Quorum's actual performance and financial
results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking information.
These risks and uncertainties include but are not limited to the risks
identified in Quorum's Management's Discussion and Analysis for the period ended
March 31, 2012. Any forward-looking information is made as of the date hereof
and, except as required by law, Quorum assumes no obligation to publicly update
or revise such information to reflect new information, subsequent or otherwise.