Quorum Information Technologies Inc. (TSX VENTURE:QIS) ("Quorum" or the
"Company") announces that in connection with the holders ("Debentureholders") of
its 12% secured convertible debentures (the "Debentures") agreeing to accelerate
the maturity date of such Debentures from April 15, 2011 to December 15, 2010,
Quorum has applied to the TSX Venture Exchange (the "TSXV") for approval to
amend the exercise price of the outstanding common share purchase warrants (the
"Warrants") of the Company from $0.55 per share to $0.18 per share. There are
1.125 million Warrants outstanding, which were issued to Debentureholders in
connection with their purchase of the Debentures. Each whole Warrant entitles
the holder thereof to purchase one (1) common share (a "Common Share") in the
capital of the Company at an exercise price of $0.55 per share until that date
that is two (2) years from the earlier of the maturity date of the Debentures
and the conversion date of the Debentures. In accordance with the policies of
the TSXV, it will be a condition of the re-pricing of the Warrants that in the
event the closing price of the Company's Common Shares on the TSXV exceeds
$0.225 for ten consecutive trading days, the exercise period of the Warrants
shall be reduced to 30 days from the seventh day following such ten trading day
period. 


About Quorum

Quorum is a North American company focused on developing, marketing,
implementing and supporting its XSellerator(TM) product for GM, Isuzu, Chrysler,
Hyundai, KIA, Nissan, Subaru, NAPA and Bumper to Bumper dealerships. XSellerator
is a dealership and customer management software product that automates,
integrates and streamlines every process across departments in a dealership. One
of the select North American suppliers under General Motors' IDMS program,
Quorum is the second largest DMS provider for GM's Canadian dealerships with 25%
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. For additional information please go to www.QuorumDMS.com.
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