Quorum Announces Changes to its Board of Directors

CALGARY, Alberta, March 18, 2019 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX Venture: QIS) (“Quorum” or the “Corporation”) announces the appointment of Robert Quirion as a director of the Corporation.  Quorum also announces that John Carmichael has resigned as a director of the Corporation.

Mr. Quirion has over twenty years of automotive software experience, including leading the DealerMine organization.  DealerMine’s Sales and Service Customer Relationship Management products and Business Development Centre Services are used by over 410 car dealerships across North America.  Mr. Quirion founded DealerMine Inc. in 2001, and DealerMine was subsequently acquired by Quorum on October 31st, 2018

“Bob is an accomplished business leader and we are confident that he will add great value to the Quorum Board,” said Maury Marks, President and CEO of Quorum.  “His experience building a high-growth, profitable company that serves many dealerships, including some of the largest dealer groups, will be extremely valuable in enabling Quorum to meet its future goals.”

In other news, John Carmichael has resigned from the Board of Directors in light of his role as CEO and Interim Registrar of the Ontario Motor Vehicle Industry Council.  Quorum wishes to thank Mr. Carmichael for his many years of contributions to the Corporation.

“John has served on the Board since 2003 and he was our Board Chairman from 2009 to 2013,” stated Mr. Marks.  “His automotive experience and business acumen have benefited the Corporation and our shareholders.  While we are sorry that he can no longer serve on the Quorum Board of Directors, we wish John continued success in all his future endeavors.  I would like to personally thank him for his leadership and positive support over the years.”

About Quorum Information Technologies Inc.

Quorum is a North American company focused on developing, marketing, implementing and supporting its portfolio of software and services for automotive dealerships that includes:

  • XSelleratorTM, a Dealership Management System (DMS) that automates, integrates and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction.
  • DealerMine CRM, a sales and service Customer Relationship Management system and set of Business Development Center services that drives revenue into the critical sales and service departments in a dealership.
  • Autovance, a sales desking system that increases sales department gross margins and improves customer satisfaction for dealerships.
  • Advantage, a full showroom system for both franchised and independent dealerships and a comprehensive operating system that includes accounting for the independent market.

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.

Forward-Looking Information
This press release may contain certain forward-looking statements and forward-looking information (“forward-looking information”) within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “expect”, “may”, “will”, “project”, “should” or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.

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.

Contact: Maury Marks

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