Nov 5 (Reuters) - Quorum Information Technologies Inc QIS.V :
* QUORUM ANNOUNCES ACQUISITION OF DEALERMINE INC.
* QUORUM INFORMATION TECHNOLOGIES INC - DEAL FOR COMBINATION OF $9.625 MILLION IN CASH AND $4.375 MILLION IN QUORUM SHARES VALUED AT $0.58 PER SHARE
* QUORUM INFORMATION TECHNOLOGIES INC - QUORUM WILL FINANCE $9.625 MILLION WITH $2.125 MILLION FROM CURRENT CASH RESERVES
* QUORUM INFORMATION TECHNOLOGIES INC - BALANCE OF $7.5 MILLION WILL BE FINANCED WITH A ONE-YEAR BRIDGE DEBT FACILITY FROM COVINGTON CAPITAL