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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -2.30% | 0.85 | 0.86 | 0.87 | 0.88 | 0.85 | 0.88 | 7,000 | 20:59:06 |
Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) today announced that it has signed its 50th U.S. dealership rooftop to XSELLERATOR(TM), Quorum's state-of-the-art Dealership Management System (DMS). David Greiner, Dealer Principal of Greiner Pontiac in Victorville and Poway, California, commented on Quorum's growth, "I am not surprised at all by Quorum's success in the U.S. DMS market. Their system, XSELLERATOR, has made a significant difference in our dealership's efficiency and profitability, and in fact, the cost savings have allowed us to stay profitable in the slow times. I expect Quorum's growth and success in the U.S. will only accelerate." With 50 dealership rooftops in 19 U.S. states (that conduct business in 26 U.S. states), this is a pivotal point in the Company's expansion into the U.S. market. Quorum is well-positioned for increased growth in the U.S. market through leveraging: - our expanded U.S. footprint which provides a strong customer reference base; - the GM integration points, including the recently delivered parts workbench integration (the first of a series of integration points that will be deployed under the GM IDMS (Integrated Dealership Management System) contract this year); - Chrysler integration which is now operating in three Chrysler dealerships; and - our proven implementation approach that helps ensure a smooth transition for new customers. "We have made a significant investment to reach this milestone and are excited about the growth prospects in the U.S. All the key strategic elements are in place to support our success," said Maury Marks, President and CEO of Quorum. 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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