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QIS Quorum Information Technologies Inc

0.86
0.00 (0.00%)
31 Oct 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
  0.00 0.00% 0.86 0.83 0.87 6 20:00:05

Quorum Schedules Its 30th New Dealership Implementation for 2008

06/05/2008 5:15pm

Marketwired Canada


Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) is pleased to
announce that 30 new dealership locations (rooftops) have already been
implemented or are scheduled for implementation in 2008. This number surpasses
the total number of rooftops implemented by the company during all of 2007. The
majority of the new rooftops are scheduled to be implemented in the second and
third quarters of 2008, which almost utilizes Quorum's entire capacity for those
quarters. Quorum exited 2007 with 201 total installed dealerships.


"Quorum's sales have been steadily building. Going forward, with one of Quorum's
key competitors out of the GM IDMS program, the opportunity for adding new
dealerships has substantially increased," said Mark Allen, Quorum's Vice
President of Sales, Marketing & Services. "To support the growth in sales, our
next step is to increase implementation capacity to more than 10 dealerships per
quarter for the fourth quarter of 2008," he added.


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 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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