Quorum Information Technologies Inc V.QIS

Alternate Symbol(s): QIFTF

Technology Software - Infrastructure

Quorum Information Technologies Inc. is a software as a service (SaaS) software and services company. Its segments include SaaS, business development center, and services and one-time. It provides enterprise solutions that automotive dealerships and original equipment manufacturers (OEMs) rely on for their operations. The enterprise solutions include Dealership Management System (DMS), DealerMine CRM, Autovance, Accessible Accessories and VINN Automotive. DMS automates, integrates and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. DealerMine CRM is a sales and service customer relationship management (CRM) system and a set of business development center services that drives revenue into the critical sales and service departments in a dealership. Autovance is a retailing platform that helps dealerships attract more business through digital retailing. Accessible Accessories is a digital retailing platform.

TSXV:QIS - Post by User

Quorum Information Technologies Inc

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Comment by MrBlonde16on Dec 15, 2005 2:05pm

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Post# 10024421

RE: Analysis of Halt News

As for cashflow, also Maury Marks said: "We continue to invest capital in both our product and our company to prepare ourselves for some larger transactions which we believe will drive many more customers to XSELLERATOR. As such, we currently are burning cash, but at a rate we have anticipated and can manage as we get to where we need to go. We have access to additional sources of capital as needed and our current investor base is a very patient and committed group." so they can handle cash burn AND can get more as they need it. This is all pointing to GREAT news as otherss have said!!