April Investor Newsletter

Welcome to Quorum’s April 2021 Investor Newsletter!

Our newsletter is an opportunity for us to share all the latest news on Quorum’s innovative suite of cloud-based automotive solutions that help dealerships drive increased efficiencies and profits through every stage of their operations.

In this issue we will focus on how Quorum’s Digital Retailing strategy is helping dealerships modernize their operations.

In March we released exciting news: an online payment option for MyDeal, our software solution that allows consumers to buy a car online, and mobile check-in for PowerLane, our mobile service lane tool that provides for a touchless service experience.

MyDeal is emerging as the new standard for automobile dealerships’ digital retailing efforts. It allows dealerships to sell cars more effectively online and is fully integrated to the dealerships’ current suite of software tools. Our new partnership with EDealer will be taking that integration to the next level, making this a truly seamless workflow for consumers and automobile dealerships.

MyDeal Customer Testimonial:
“The Finch Auto Group are utilizing Autovance MyDeal across our dealerships,” stated Rob MacLachlan, Chief Operating Officer at Finch Auto Group. “The simplicity of Autovance MyDeal, combined with its deep integration into the systems we already use, has led to adoption by our customers and staff that has far exceeded our expectations.“

EDealer Comment:
“We are pleased to further enhance our relationship with Quorum to offer our clients a seamless Digital Retailing solution within our platform,” stated Bill Warren, EDealer Vice President, Business Development. “These new integrations will allow for a cleaner path to purchase for our dealer’s customers, that are looking to buy a vehicle online today.”

RECENT INVESTOR EVENTS:

On April 1, 2021 SNN Network interviewed us in advance of the Planet Microcap Showcase (Virtual) investor event. In this interview we discussed how Quorum’s software and services support the modernization of the automotive retail industry. Access the full interview here.

To register for the upcoming Quorum Investor Presentation at the Planet Microcap Showcase (Virtual) on April 22 at 11:00 am (Mountain), please click here.

RECENT NEWS:

March 17, 2021 – Enhancements to PowerLane – As Quorum market adoption increases, we announced new enhancements to PowerLane as part of our Digital Retailing strategy.

March 24, 2021 – Enhancements to MyDeal – Also in support of our Digital Retailing strategy, Quorum’s MyDeal has been expanded to allow customers to complete online payments for a vehicle deposit, and Autovance’s comprehensive retailing platform has new integrations into the two key automotive industry credit portals and a leading finance and insurance product company.

April 6, 2021 – EDealer Agreement – Quorum has entered into a partnership agreement with EDealer, Canada’s largest supplier of franchised dealership web sites. This new partnership will allow EDealer to resell Quorum’s Autovance Desk and MyDeal products to their automotive dealership customers.

UPCOMING APRIL EVENTS:

We are planning to release our year end 2020 earnings results after markets close on Wednesday, April 21, followed by our conference call (with audio webcast) the following morning, Thursday, April 22 at 9:00 am (Mountain) – see below for the call-in and audio webcast details.

Later that morning of April 22 we will be making an Investor Presentation at the Planet Microcap Showcase (Virtual) at 11:00 am (Mountain) – see below to register.

Thank you for your continued interest in Quorum, and I hope you can attend our upcoming investor events on April 22.

For our latest news and updates you can also connect with us on LinkedIn.

Best wishes and stay safe,