CALGARY, ALBERTA–(Marketwired – Dec. 12, 2016) –
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Quorum Information Technologies Inc. (TSX VENTURE:QIS) (“Quorum” or the “Corporation“) is pleased to announce that, effective December 9, 2016, Jon Hook has been appointed a director of the Corporation.
Mr. Hook has over seven years of equity investment experience, first working at the Teacher Retirement System of Texas (TRS) for five years covering Software & Services, and at Voss Capital LLC for the last two and a half years. Prior to TRS, he worked for over three years at EMR software provider Epic Systems. Mr. Hook obtained his MBA from Rice University and holds the Chartered Financial Analyst (CFA) designation.
“This is an exciting time in Quorum's history and I am delighted to join the board. The ongoing adoption of Quorum's DMS by auto dealerships and the strong execution by the management team has been impressive. I am optimistic about the promising strategic opportunities for Quorum and look forward to working with the board to help the company realize its full potential and maximize shareholder value.”
Quorum is a North American company focused on developing, marketing, implementing and supporting its XSellerator product for GM, Ford, Chrysler, Toyota, Hyundai, Kia, Nissan, Subaru, NAPA and Bumper to Bumper franchised dealership customers as well as other franchised, independent and some non-automotive 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' DTAP program, Quorum is also one of largest DMS providers for GM's Canadian dealerships with 25% of the market. 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 and in 2016 was selected to the TSX Venture 50®, an annual ranking of the strongest performing companies on the TSX Venture Exchange. For additional information please go to www.QuorumDMS.com.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.
President & Chief Executive Officer