AutoCanada and DealerMine CRM Announce Strategic Partnership

EDMONTON, Jan. 24, 2019 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX:ACQ) and DealerMine Inc. ("DealerMine CRM"), a subsidiary of Quorum Information Services Inc. (TSX-V: QIS), announced that they have entered into a strategic partnership with respect to the establishment of a dedicated business development centre for AutoCanada's Canadian dealerships by DealerMine CRM.

The AutoCanada business development centre will build on the long-standing relationship between AutoCanada and DealerMine CRM, offering a tailored solution for the AutoCanada group utilizing DealerMine CRM's robust Service CRM application to drive more service department traffic to AutoCanada's Canadian dealerships. The AutoCanada business development centre will be operated by DealerMine CRM in dedicated facilities from its headquarters in Saint John, New Brunswick and will initially include a staff of 85.

"We are very pleased to partner with DealerMine CRM to establish a service CRM business development solution for all of our Canadian dealerships," said Michael Rawluk, President of AutoCanada. "The establishment of the business development centre is a key step of our Go-Forward Plan and will increase occupancy levels in our service departments."

"AutoCanada has an exceptional team with a strong track record for success, and we're happy to be able to contribute to that success and to be part of AutoCanada's Go-Forward Plan," said Robert Quirion, Chief Executive Officer of DealerMine CRM. "Our partnership will allow DealerMine CRM to offer a robust and tailored solution for AutoCanada, while continuing to focus on driving more sales to their service departments."

About AutoCanada

AutoCanada, a leading North American multi-location automobile dealership group currently operating 68 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, USA and has over 4,200 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW, MINI, Volvo, Toyota, Lincoln and Honda branded vehicles. In 2017, our dealerships sold approximately 63,000 vehicles and processed approximately 870,000 service and collision repair orders in our 999 service bays generating revenue in excess of C$3 billion.

About DealerMine CRM

With over 500 hundred dealership customers in North America, DealerMine CRM allows dealerships to maximize revenues and profitability with every customer interaction through data mining, multi-channel marketing OEM integrations and BDC operations. Headquartered in Saint John, New Brunswick, Canada, the DealerMine CRM product offering includes Service CRM, Sales CRM, Equity Mining, Online Service Scheduling, Telephony, Desking, BDC and Training.

Forward Looking Statements

Certain statements contained in this press release are forward looking statements and information (collectively "forward looking statements"), within the meaning of the applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in these forward looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is  anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe" and similar expressions) are not historical facts and are forward looking.  Forward looking statements in this press release include, but are not limited to, statements regarding increasing sales, traffic and occupancy levels in AutoCanada's service departments. Forward-looking statements involve estimates and assumptions and are subject to risks, uncertainties and other factors some of which are beyond our control and difficult to predict. Accordingly, actual results or outcomes may differ materially from those expressed in the forward looking statements. Therefore, any such forward looking statements are qualified in their entirety by reference to the factors discussed throughout this press release. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website at www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference.

Further, any forward looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, we undertake no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward looking statement.

Additional information

Additional information about AutoCanada Inc. is available at www.sedar.com and the Company's website at www.autocan.ca.

SOURCE AutoCanada Inc.