Quorum Information Technologies closes acquisition of Autovance Technologies




News Release

Quorum Closes Acquisition of Autovance Technologies Inc.

Calgary, AB, September 6, 2017 – Quorum Information Technologies Inc. (TSX Venture: QIS) (“Quorum” or the “Corporation”) is pleased to announce the closing of its arm’s-length acquisition of Autovance Technologies Inc. (“Autovance”), as originally announced on August 22, 2017.

About Quorum

Quorum is a North American company focused on developing, marketing, implementing and supporting its dealership and customer management system, XSELLERATOR. Quorum offers the system to franchised, independent and some non-automotive dealerships in Canada and the United States. XSELLERATOR automates, integrates and streamlines every process across departments in a dealership. The system includes tools designed to maximize revenue opportunities for dealerships such as customer relationship management (CRM) and service inspection and quoting processes. Quorum is a Microsoft partner and XSELLERATOR is developed with modern mobile-enabled technology. 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.