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Press Release-Quorum Information Technologies Inc. (QIS-TSXV) |
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In 2010, we reached a critical mass of customers and the company has been cash flow positive for the last five quarters in a row. We anticipate we are going to be cash flow positive throughout 2011 as we grow the business. Quorum is debt-free except for a government non-secured loan for under half a million dollars. Therefore, this is the strongest financial position the company has ever been in. We are now looking to grow the Company as fast as we can while staying cash flow positive every quarter. - Maury Marks (Interview published February 25, 2007) |
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Quorum Earns Kia
Canada Dealer System Certification CALGARY, ALBERTA, Feb 28, 2011 (Marketwire via COMTEX News Network) -- Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) announced today that it has earned integration certification for its flagship product, XSellerator(TM), with Kia Canada Inc. ("Kia") and is now a recommended dealership management system for Kia dealers across Canada. Quorum worked closely with Kia and our beta test dealership, Hudson's Listowel Kia, to achieve this certification. Currently, there are several Canadian Kia dealerships operating their franchises with XSellerator. The new integration features include electronic financial statement submission, parts ordering, warranty claims submission, and parts file updates. Quorum also offers integration with Kia's electronic parts catalogue.
Quorum is a North American company focused on developing, marketing, implementing and supporting its XSellerator product for GM, Isuzu, Chrysler, Hyundai, Kia, Nissan, Subaru, Saab, Suzuki, 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 is the second largest DMS provider for GM's Canadian dealerships with 25% 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 Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to www.QuorumDMS.com.
Quorum Information Technologies Inc. Mark Allen 403-777-0036 AllenM@QuorumDMS.com www.QuorumDMS.com Copyright (C) 2011 Marketwire. All rights reserved.
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