
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: QUORUM INFORMATION TECHNOLOGIES INC.
TSX VENTURE SYMBOL: QIS
DECEMBER 5, 2002 - 13:07 EST
AUTOMATE(R) Receives a New Name as Quorum Introduces
XSELLERATOR(TM)
CALGARY, ALBERTA--Quorum Information Technologies Inc. announced
a change of name for AUTOMATE, the Company's proprietary
automotive Dealership Management System (DMS) software. The
products' new name is XSELLERATOR.
"AUTOMATE has now been sold and/or implemented in 55 Dealerships
in 8 provinces across Canada. Because of our success, the
AUTOMATE name is becoming very well known. Normally, this would
be considered great news! However, the trademark for AUTOMATE is
for Canada only, and we require a trademarked name for North
America. So we have decided to make a name change sooner rather
than later. We are pleased to announce that the new name will be
XSELLERATOR(TM)," said Maury Marks, President and CEO of Quorum
Information Systems Inc.
XSELLERATOR is the only completely Windows-based Dealership and
Customer Management software on the market. It completely
automates and streamlines a Dealerships' sales, service, parts
and accounting departments.
About Quorum:
Quorum (TSX V: QIS) is a successful information technology
company that focuses on mid size business. Quorum's Enterprise
Solutions division develops, markets, implements and supports its
own software products for specific vertical markets. These
products include XSELLERATOR (formerly AUTOMATE), a Dealership
Management System for the automotive market and FasTrack(TM), a
Sales and Change Order Tracker for the homebuilder market. The
Technology Solutions division markets, implements and supports a
library of superior 3rd party technology products and services
specifically chosen for mid market organizations. As a
Microsoft(R) Gold Partner, Quorum specializes in providing a full
suite of Microsoft(R) Business Solutions.
/T/
Total # AUTOMATE Share at Share at %
TARGET MARKET Dealers Dealers Nov. 02 Dec 31/01 Change
------------------------------------------------------------------------
GM/Saturn
Western Canada 272 28 10.29% 7.35% 2.94%
------------------------------------------------------------------------
GM/Saturn Ontario 330 18 5.45% 2.73% 2.72%
------------------------------------------------------------------------
GM/Saturn Quebec 193 1 0.52% - 0.52%
------------------------------------------------------------------------
GM/Saturn
Atlantic Canada 68 5 7.35% - 7.35%
------------------------------------------------------------------------
Hyundai/Kia Canada 266 3 1.12% 0.36% 0.76%
------------------------------------------------------------------------
Current Targeted
Market 1,129 55 4.87% 2.66% 2.21%
------------------------------------------------------------------------
Total North American
Market GM/Saturn
& Hyundai/Kia 13,093 55 0.42% 0.23% 0.19%
------------------------------------------------------------------------
KEY MANAGEMENT METRIC
# North American Dealerships (not currently on XSELLERATOR): 13038
# North American XSELLERATOR Dealerships: 55
/T/
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FOR FURTHER INFORMATION PLEASE CONTACT:
Quorum Information Technologies Inc.
Maury Marks
President and CEO
(403) 777-0035 Ext. 104
(403) 777-0039 (FAX)
Website: www.QuorumIS.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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