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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 and the Atlantic Canada Opportunities Agency Announce Product Development Financing

11/10/2012 6:05pm

Marketwired Canada


Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) announced today
that the Government of Canada, through the Atlantic Canada Opportunities Agency
(ACOA), is providing a $500,000 loan to assist Quorum in carrying out product
development activities at its St. John's office. 


"Our experience with operating an office in Newfoundland and Labrador has been
nothing short of amazing," said Maury Marks, Quorum's President and CEO. "We
have found that the availability of high-quality skilled talent has even
exceeded our high expectations. In the last 5 years we have grown our
Newfoundland office from 5 to over 50 employees."


"Our Government's top priority is jobs, growth and long-term prosperity for
Canadians," said Peter Penashue, Minister of Intergovernmental Affairs,
President of the Queen's Privy Council, and Regional Minister for Newfoundland
and Labrador, on behalf of Bernard Valcourt, Associate Minister of Defence and
Minister of State (Atlantic Canada Opportunities Agency) (La Francophonie).
"This is a strategic investment in a company that has a strong and viable future
in Newfoundland and Labrador, allowing them to expand existing operations,
improve product offerings and create jobs right here."


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 supports 25% of GM's Canadian Dealerships. 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.


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