News Releases 
NEWS RELEASE TRANSMITTED BY Marketwire
FOR: Quorum Information Technologies Inc.
TSX VENTURE SYMBOL:
QIS
Quorum Information Technologies Announces Private Placement to Raise Gross Proceeds of $3.0 Million
SEP 13, 2006 - 12:16 ET
CALGARY, ALBERTA--(CCNMatthews - Sept. 13, 2006) - Quorum Information Technologies Inc. (TSX VENTURE:QIS) ("Quorum" or the "Corporation") announced today that it will issue on a non-brokered private placement basis up to 2,145,000 units ("Units") at a price of $1.40 per Unit for gross proceeds of up to $3,003,000. Each Unit will be comprised of one (1) common share ("Common Share") and one (1) common share purchase warrant ("Warrant") of the Corporation. Each Warrant will entitle the holder thereof to acquire one (1) additional Common Share at a price of $2.10 per share. The Warrants will expire twelve (12) months following the initial closing date of the Private Placement. The proceeds of the private placement will be used to further fund the development of Quorum's proprietary XSELLERATOR
TM automotive Dealership Management System (DMS) software, and expansion of Quorum's business into the United States market under the recently awarded GM IDMS contract. The private placement is expected to close September 29, 2006.
About Quorum:
Quorum's focus is on developing, marketing, implementing and supporting its XSELLERATOR
TM product for the automotive vertical. XSELLERATOR is a dealership and customer management software product which automates, integrates and streamlines every process across departments in a dealership. Quorum currently holds more than 19 percent of GM dealership market share in Canada, making it the third largest supplier of Dealership Management Systems for GM in Canada. Quorum was also recently named as one of General Motors' IDMS Suppliers for North America. Quorum is a Microsoft Gold Certified Partner and Field-Level Managed ISV in both Canada and the United States.
THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE COMMON VOTING SHARES IN ANY JURISDICTION. SUCH SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, OR TO A U.S. PERSON, ABSENT REGISTRATION, OR AN APPLICABLE EXEMPTION THEREFROM.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Quorum Information Technologies Inc.
Craig F. Nieboer
V.P. & CFO
(403) 777-0035 Ext. 110
(403) 777-0039 (FAX)
Email: NieboerC@QuorumIS.com
Website: www.QuorumIS.com
or
Quorum Information Technologies Inc.
#200, 6715 8 Street N.E.
Calgary, AB T2E 7H7