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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.86 | 0.83 | 0.87 | 6 | 20:00:05 |
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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