
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: QUORUM INFORMATION TECHNOLOGIES INC.
TSX VENTURE SYMBOL: QIS
JANUARY 13, 2005 - 09:15 ET
Quorum Appoints Lee Poseidon to Head U.S. Operations
CALGARY, ALBERTA--(CCNMatthews - Jan. 13, 2005) - Quorum Information
Technologies Inc. (TSX VENTURE:QIS) (Quorum) announced today that Lee
Poseidon has been selected to head up its growing U.S. business. Mr.
Poseidon is an automotive industry veteran with more than 20 years of
global operating management and leadership experience in a variety of
settings, from start ups to mature businesses. As Vice President and
General Manager - Quorum U.S., Mr. Poseidon will be responsible for
executing on key elements of the Company's strategic plan for deployment
of XSELLERATOR(TM) in the U.S. market. XSELLERATOR is the only
completely integrated, Windows-based DMS software on the market. It
automates and streamlines dealerships' sales, service, parts and
accounting departments.
"We are delighted to have an individual of Lee's caliber on board," said
Maury Marks, President and CEO of Quorum. "Lee has a proven track record
of strong leadership. He brings a tremendous amount of knowledge and
experience in the automotive industry on a global scale, as well as a
wealth of experience in growing companies. In order to meet demand in
the U.S., our strategic plan is to complete a number of key alliances to
enable us to penetrate the U.S. market quickly," continued Maury. "Lee
will play a big part in that strategy, and he will be a huge asset to
the Company."
Most recently, Mr. Poseidon was the Senior Vice President and General
Manager of ProQuest Global Automotive, a division of ProQuest, (aka Bell
and Howell) where he successfully revitalized, and grew on a global
basis, a mature electronic parts cataloguing business with sales in
excess of $100 million annually. Previously, he was the Chief Operating
Officer of the National Automobile Dealers Association in McLean, VA.
Mr. Poseidon also spent 15 years with The Reynolds & Reynolds Company in
Dayton, OH., where he held a variety of senior management positions. Mr.
Poseidon earned his MBA from Xavier University and his B.A. degree in
Economics from Ohio Wesleyan University.
"I have been impressed with Quorum's leadership, and with what Quorum
has already achieved in a fairly short time," said Mr. Poseidon. "The
XSELLERATOR product is built on current technology and is proven. It
offers robust functionality and an attractive business model at a time
when U.S. dealers are looking for a viable alternative."
About Quorum:
Quorum (TSX V: QIS) is a successful information technology company that
develops, markets, implements and supports its own software products for
specific vertical markets. Its key products are DISTRIBUTOR(TM), a
Windows and Web solution, and XSELLERATOR dealership management
software, which combine to form a Dealership and Customer Relationship
Management System (DMS) for the automotive dealership market. Quorum's
success comes from delivering the best DMS System on the market, and
their commitment to total customer satisfaction.
/T/
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% Mkt. XS XS % Increase
XSELLERATOR (XS) Total # Share at Dealers Dealers From
TARGET MARKET Dealers Jan / 05 01/06/05 12/31/01 12/31/01
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GM/Saturn Canada 793 13.87 110 30 266%
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GM United States 7647 .07 6 - -
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Saturn United States 437 - - - -
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/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)
Email: marksm@QuorumIS.com
Website: www.QuorumIS.com
or
Quorum Information Technologies Inc.
#200, 6715 8 Street N.E.,
Calgary, AB T2E 7H7
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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