QIS Quorum Information Technologies Inc

Quorum Information Technologies Inc. (Quorum) (TSX VENTURE:QIS) today released
Second Quarter (Q2) Fiscal Year (FY) 2008 results. Quorum provides services to
General Motors (GM), Chrysler and Hyundai dealerships in North America. The
Corporation is an Integrated Dealership Management System (IDMS) strategic
partner with GM and a strategic partner with Microsoft. Quorum's XSELLERATOR(TM)
product is broadly promoted to GM dealerships by these two world-class
organizations.


As predicted in the Q1 FY2008 report, Quorum has made great strides in sales
over the past few months. Despite the challenges in the U.S. economy and the
automotive industry, Quorum is selling record numbers of dealership management
systems. Quorum completed 29 dealership rooftop installations in 2007 and ended
the year with a total of 201 installed dealership rooftops. Quorum currently has
a total of 243 installed and sold dealership rooftops which is comprised of 189
in Canada and 54 in the U.S.


For Q2 FY2008, revenues from operations were $2.12 million compared to $2.00
million for Q2 FY2007, an increase of $0.12 million or 6%. For Q2 FY2008, the
recurring revenue stream, or support revenues, increased to $1.21 million,
compared to $1.00 million in Q2 FY2007, an increase of 21%. As more customers
are added, this recurring annuity stream will continue to grow. As customers are
added, EBITDA will also continue to improve and in Q2 FY2008 EBITDA was $(0.04)
million compared to $(0.36) million in Q2 FY2007.


"We're pleased with the progress we've made over the past few months, and we
expect to achieve cash flow positive status in Q3 FY2008, with 225 installed
dealership rooftops," said Maury Marks, President & CEO, "In this quarter we
successfully implemented our planned approach to our market and to our internal
cost structure."


Q2 FY2008 Financial Highlights

- 6% increase in gross revenues from Q2 FY2007.

- 21% increase in on-going annuity XSELLERATOR software support revenue over Q2
FY2007.


- 6% increase in customer base since December 31, 2007 from 201 to 213.

- 88% improvement in EBITDA from Q2 FY 2007.

- 53% improvement in net loss before income taxes from Q2 FY2007.

- Net loss for Q2 FY2008 decreased to $251,785 versus $276,308 in Q2 FY2007.

- 28% increase in cash flow from operating activities from Q2 FY2007.

- 14% decrease in quarterly cash expenditures from Q2 FY2007.



Results of Operations
                                                    (Dollar figures in '000)
----------------------------------------------------------------------------
                        Six       Six
                     months    months       Q2       Q2        Q1        Q1
                      ended     ended    ended    ended     ended     ended
                    June 30,  June 30, June 30, June 30, March 31, March 31,
                       2008      2007     2008     2007      2008      2007
----------------------------------------------------------------------------
Gross revenue       $ 3,790   $ 4,118  $ 2,117  $ 2,004  $  1,673  $  2,114
Gross profit          1,352       972      847      295       505       677
Expenses              1,813     1,684      889      652       924     1,032
Operating loss
 before interest,
 taxes, depreciation
 and amortization
 (EBITDA)              (461)     (712)     (42)    (357)     (419)     (355)
Net loss before
 income taxes          (793)   (1,052)    (246)    (522)     (547)     (530)
Net loss               (774)     (596)    (252)    (276)     (522)     (320)
Cash flow from
 operating
 activities            (490)   (1,220)    (264)    (369)     (226)     (851)
Cash expenditures
 (Cash payments
 for operating and
 investing
 activities)        $ 4,757   $ 6,195  $ 2,421  $ 2,807  $  2,336     3,388

----------------------------------------------------------------------------
KEY MANAGEMENT
 METRICS
XSELLERATOR
 installations -
 in the period           12        23       10        8         2        15
XSELLERATOR
 installations -
 to date                213       197      213      197       203       190
----------------------------------------------------------------------------



About Quorum

Headquartered in Calgary, Alberta, 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. One of the select North American suppliers of General Motors'
IDMS, Quorum is the third largest DMS provider for GM's Canadian dealerships
with over 20% of the market. Quorum is a Microsoft Gold Certified Partner and
Field-Level Managed ISV in both Canada and the United States. Quorum Information
Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the
symbol QIS.

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