Quorum Announces Stock Option Grant
03 October 2020 - 5:30AM
Quorum Information Technologies Inc. (TSX Venture: QIS) ("Quorum"
or the "Corporation") announces that is has granted stock options
for a total of 500,000 common shares of the Corporation to officers
and Senior Management of the Corporation. These stock options are
exercisable at $0.95 CAD per stock option and will expire on
October 1st, 2025. These stock options vest over a period of 24
months following the grant date and are governed by the terms and
conditions of the Corporation’s stock option plan.
Following this grant of stock options, the
Corporation has a total of 1,108,000 stock options outstanding
representing approximately 1.5% of the outstanding common shares of
the Corporation. This stock option grant is subject to TSX Venture
Exchange approval.
About Quorum
Information Technologies Inc.
Quorum is a North American company focused on
developing, marketing, implementing and supporting its portfolio of
software and services for automotive dealerships that includes:
- XSellerator, a
Dealership Management System (DMS) that automates, integrates and
streamlines key processes across departments in a dealership, and
emphasizes revenue generation and customer satisfaction.
- DealerMine CRM, a
sales and service Customer Relationship Management (CRM) system and
set of Business Development Centre services that drives revenue
into the critical sales and service departments in a
dealership.
- Autovance, a modern
retailing platform that helps dealerships attract more business
through Digital Retailing (DR), improve in-store profits and
closing rates through its desking tool and maximize their
efficiency and CSI through Autovance’s F&I menu solutions
fee.
- Advantage, a full
showroom system for both franchised and independent dealerships and
a comprehensive management system that includes accounting for the
independent market.
Quorum Information Technologies Inc. is traded on the Toronto
Venture Exchange (TSX-V) under the symbol QIS. For additional
information please go to www.quoruminformationsystems.com.
Forward-Looking InformationThis
press release may contain certain forward-looking statements and
forward-looking information ("forward-looking information") within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. Quorum believes the expectations reflected in such
forward-looking information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee
of future performance and involves a number of risks and
uncertainties some of which are described herein. Such
forward-looking information necessarily involves known and unknown
risks and uncertainties, which may cause Quorum's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking information.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed this release and
neither accepts responsibility for the adequacy or accuracy of this
release.
Contact: Maury
Marks403-777-0036MarksM@QuorumDMS.com
PDF
Available: http://ml.globenewswire.com/Resource/Download/b0653ddb-b9ee-4e1c-a1d0-cb5403ac44ac
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