CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum” or the “Company”) is pleased to announce that it has filed its management information circular (the “Circular”) and related proxy materials for its special meeting (the “Meeting”) of shareholders of Quorum (the “Quorum Shareholders”), scheduled to be held on November 26, 2025 at 10:00 a.m. (Mountain time) at the Conference Centre, 3rd Floor, Manulife Place, 707-5th Street SW, Calgary, Alberta, T2P 1V8.
Special Meeting on November 26, 2025
At the Meeting, Quorum Shareholders will be asked to consider and, if deemed advisable, to pass, with or without variation, a special resolution (the “Arrangement Resolution”) approving a statutory plan of arrangement (the “Arrangement“) pursuant to the Business Corporations Act (Alberta) involving Quorum, the Quorum Shareholders, and 2745122 Alberta Inc. (the “Purchaser“), an affiliate of Valsoft Corporation Inc., to be carried out pursuant to an arrangement agreement dated as of September 22, 2025 between Quorum and the Purchaser.
The Board of Directors of Quorum unanimously recommends that Quorum Shareholders vote FOR the Arrangement Resolution.
Mailing of Meeting Materials and General Advisory on Canada Post Strike and Related Disruption
Mailing of the Meeting materials has commenced, and Quorum Shareholders should receive them in due course. All of the Meeting materials can be accessed on Quorum’s corporate website (https://quoruminformationsystems.com/agm/ ) and on SEDAR+ (http://www.sedarplus.ca) under Quorum’s issuer profile.
Registered Quorum Shareholders
Registered Quorum Shareholders are encouraged to vote their Quorum common shares via the internet at https://css.olympiatrust.com/pxlogin or email proxy@olympiatrust.com.
Beneficial Quorum Shareholders
Due to the ongoing Canada Post labour dispute, it is possible that Beneficial Quorum Shareholders may experience a delay in receiving the Meeting materials and are encouraged to access the Meeting materials electronically as noted above. Beneficial Quorum Shareholders experiencing a delay in receiving the Meeting materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their Quorum common shares. Beneficial Quorum Shareholders are encouraged to vote their Quorum common shares via the internet at http://www.proxyvote.com. We recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner. The deadline for the receipt of proxies or voting instruction forms for the Meeting is 10:00 am (Calgary time) on November 24, 2025.
About Quorum Information Technologies Inc.
Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers rely on for their operations, including:
- Quorum’s Dealership Management System (DMS), which 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, improve in-store profits and closing rates through its desking tool and maximize their efficiency and Customer Satisfaction Index through Autovance’s F&I menu solution.
- Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue.
- VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently.
Quorum Information Technologies Inc. is traded on the TSX Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to http://www.QuorumInformationSystems.com.
On behalf of the Board of Directors
“Maury Marks”
President and CEO
Contacts:
Maury Marks
President and Chief Executive Officer
403-777-0036
Maury.Marks@QuorumInfoTech.com
Marilyn Bown
Chief Financial Officer
403-777-0036
Marilyn.Bown@QuorumInfoTech.com
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact contained herein is forward-looking information under applicable securities laws. In particular, statements and information about the Company’s anticipated transactions are forward-looking. This forward-looking information is based upon various assumptions. 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. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information, and, accordingly, no assurances can be given that any of the plans, intentions or expectations anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Forward-looking information includes statements related to the date of the Meeting, delivery of Meeting materials and other statements.
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.
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