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QIS Quorum Information Technologies Inc

0.85
-0.02 (-2.30%)
19 Jul 2024 - Closed
Delayed by 15 minutes
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 Retires Convertible Debentures

20/12/2010 4:32pm

Marketwired Canada


Quorum Information Technologies Inc. (TSX VENTURE:QIS) ("Quorum" or the
"Company") announces that the Company has paid off and retired its 12% secured
convertible debentures (the "Debentures"), which were originally to mature on
April 15, 2011. Quorum would also like to announce that on December 15, 2010 the
Company entered into a credit facility agreement with HSBC Bank that will allow
Quorum to borrow up to $525,000 to meet working capital requirements. The credit
facility is secured by a first priority security interest in all of the
Company's present and after-acquired property.


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 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. For additional information please go to www.QuorumDMS.com.


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