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TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Quisitive Technology Solutions Inc. ("Quisitive” or the "Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft Cloud and AI solutions provider, today reported financial results for the third quarter ended September 30, 2024. Management Commentary "Our Cloud business maintained stability as we experienced modest sequential growth and saw an expanding pipeline of AI-driven customer engagements,” said Quisitive CEO Mike Reinhart. "The hiring process of specialized staff from Microsoft's investment in our Blackbelt Team has been completed and will enhance our ability to further establish a strong pipeline of customer opportunities. We have also developed new IP for our AI Innovation Center, designed for customers in the Azure environment to accelerate their AI use case testing and to facilitate successful custom AI deployments. Looking ahead to the new year, we remain committed to further investing in our sales engine in alignment with Microsoft, with early 2025 positioned as a key momentum-building phase to drive growth in the latter part of the year.” Third Quarter 2024 Financial Results The Company's condensed consolidated interim financial statements for the three and nine months ended September 30, 2024 and related management's discussion and analysis will be posted on the Company's website and on the Company's issuer profile on SEDAR+ at www.sedarplus.com on November 25, 2024 subject to completion of the interim review by the Company's external auditors. All figures are expressed in United States dollars unless otherwise stated. Financial highlights include: Quisitive is providing the following guidance for fiscal year 2024: Quisitive management will hold a conference call today (November 25, 2024) at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss these results. Company CEO Mike Reinhart and CFO Scott Meriwether will host the call, followed by a question-and-answer period. Toll Free dial-in: 1-877-704-4453 International dial-in: 1-201-389-0920 Webcast Link: Here Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860. A telephonic replay of the conference call will be available after 8:00 p.m. Eastern time today and will expire after Monday, December 9, 2024. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13750196 For additional information, please visit the Investor Relations section of Quisitive's website at: https://quisitive.com/investor-relations/ . The following tables summarize results for the three and nine months ended September 30, 2024 and 2023: About Quisitive: Quisitive Investor Contact Matt Glover and John Yi Gateway Group [email protected] 949-574-3860 Tami Anders Chief of Staff [email protected] 972.573.0995 Reconciliation of Non-GAAP Financial Measures - Adjusted EBITDA Financial Measures and Adjusted EBITDA There are measures included in this news release that do not have a standardized meaning under generally accepted accounting principles (GAAP) and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. The Company includes these measures because it believes certain investors use these measures and metrics as a means of assessing financial performance. EBITDA (earnings before interest, taxes, depreciation and amortization is calculated as net earnings before finance costs (net of finance income), income tax expense, and depreciation and amortization of intangibles) is a non-GAAP financial measure that does not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with IFRS. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with IFRS. We believe that current shareholders and potential investors in the Company use non-GAAP financial measures, such as Adjusted EBITDA, in making investment decisions about the Company and measuring our operational results. The term "Adjusted EBITDA" refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes), changes in fair value of derivatives, transaction and acquisition-related expenses, US payroll protection plan loan forgiveness, and earn-out settlement losses. Management considers these non-operating expenses to be outside the scope of Quisitive' ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA is a non-GAAP financial measure and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA should not be construed as a substitute for net income determined in accordance with IFRS or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA does have limitations as, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations. Cautionary Note Regarding Forward Looking Information This news release contains certain "forward-looking information” and "forward-looking statements” (collectively, "forward-looking statements”) within the meaning of applicable Canadian securities legislation regarding Quisitive and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects”, or "does not expect”, "is expected”, "anticipates” or "does not anticipate”, "plans”, "budget”, "scheduled”, "forecasts”, "estimates”, "believes” or "intends” or variations of such words and phrases or stating that certain actions, events or results "may” or "could, "would”, "might” or "will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to: the future growth potential of the Company and its cloud solutions business and AI offerings; the financial outlook of the Company, including growth projections, capital allocation and cost savings; potential for growth and expectations regarding the Company's ability to capitalize on the expanding opportunities emerging from AI advancements. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; fluctuations in securities markets; the ability to realize on cost saving measures; the Company's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the technology industry; unproven markets for the Company's product offerings; lack of regulation and customer protection; the need for the Company to manage its future strategic plans; the effects of product development and need for continued technology change; protection of proprietary rights; network security risks; the ability of the Company to maintain properly working systems; foreign currency trading risks; use and storage of personal information and compliance with privacy laws; use of the Company's services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; changes in project parameters as plans continue to be evaluated; and those factors described under the heading "Risks Factors" in the Company's annual information form dated May 23, 2023 available on SEDAR+ at www.sedarplus.ca. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.In conclusion, the A-share market in China has entered a new phase of growth, with institutions actively positioning themselves for a potential bull run. The increasing participation of institutional investors, both domestic and foreign, bodes well for the long-term outlook of Chinese equities. As the market continues to attract capital and interest from a diverse range of investors, the A-share market is poised to be a key player in the global investment landscape.US job growth rebounds in November; unemployment rate ticks up

As the news of the fire spread rapidly on social media, concern and speculation mounted among Alibaba's clients and stakeholders. However, the company's swift and transparent response helped to alleviate fears and demonstrate its commitment to maintaining the integrity and stability of its cloud services.

Great Osobor scored 12 points, grabbed six rebounds and had three assists in 18 minutes of playing time as Washington wrapped up nonconference action with a 90-53 rout of NJIT on Sunday afternoon in Seattle. Zoom Diallo came off the bench to contribute 12 points and a game-high five assists for the Huskies (9-4), and Wilhelm Breidenbach, who missed Monday's 79-70 upset loss to Seattle U., added 10 points and five rebounds. Sebastian Robinson led the Highlanders (2-12) with 16 points, Tim Moore Jr. scored 14 and Ari Fulton added 11. NJIT, which suffered its third consecutive defeat and dropped to 0-9 on the road, played without leading scorer Tariq Francis (18.6 ppg) because of an ankle injury. The Huskies shot 34 of 61 from the field (55.7 percent) and were 10 of 24 from 3-point range. NJIT was 19 of 51 (37.3 percent) and just 3 of 17 from distance. Washington forced 13 turnovers while committing just five, leading to a 17-4 edge in points off miscues. The Huskies also had sizable advantages in points off the bench (47-4), in the paint (42-24) and in fastbreak scoring (17-0). The Huskies led 46-26 at the half as Osobor, Breidenbach and Mekhi Mason each scored seven points. Osobor scored the game's first five points and Mason made a 3-pointer to give the Huskies an 8-2 lead. A jumper by Mason extended the lead to 26-16 with 8:30 left in the first half. The Huskies continued to pull away, with Jase Butler capping an 8-0 run with a 3-pointer to make it 42-22 with 2:29 remaining before the intermission. A 9-0 run gave Washington its first 30-point lead of the day at 60-30 with 15:24 still to play. The Huskies led by as many as 40 on Luis Kortright's fastbreak layup at the 7:09 mark. Mason, Kortright, Christian King and KC Ibekwe all scored nine points for Washington. Washington resumes Big Ten Conference play Thursday when Maryland makes a trip to the West Coast. The Highlanders have one more nonconference game before opening America East play Jan. 9. --Field Level MediaOfficial Announcement: "Demon Slayer: Infinity Castle Arc" Movie Trailer Revealed for 2025 Premiere

By JESSICA DAMIANO Finding the perfect gift can be daunting. The only way to truly ensure you get it right would be to ask the recipient what they want, but that wouldn’t be much fun for either of you. Luckily, there’s another tactic to help you earn a “gift whisperer” reputation: seeking out unique, practical, game-changing gifts that will truly surprise and delight. But that’s about as easy as it sounds, which is to say it’s not easy at all. So, we’ve done the legwork for you. Start making your list with this compilation of some of the most innovative, functional and fun gifts of 2024. There’s something for every budget. Bear with me: The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. Available in three colors (Sangria Red, Midnight Black and Soft Cream), the rechargeable-battery unit grinds with a light touch rather than hand-tiring twists. That’s easier for everyone and especially helpful for those experiencing hand or wrist issues such as arthritis, carpal tunnel syndrome or tendinitis. And it’s fun to use. The set includes a stackable storage tray and four pods that can be easily swapped as needed: The GT microplane grater for hard spices, nuts and chocolate; the MAX for large spices and dried herbs; the ProPlus for smaller and oily spices; and the Pepper Pod for, well, pepper. $110. Campers and backyard firepit lovers who have experienced the heartbreak of wet wood will appreciate having a three-pack of Pull Start Fire on hand. Made of 89% recycled materials, including sanding dust, wax and flint, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling. Just loop the attached green string around a log, incorporate it into a wood stack, and pull the attached red string to ignite. Each windproof, rainproof block burns for 30 minutes. $29.99. The No Mess Utensil Set from Souper Cubes , a company known for its portioned, silicone freezer trays, lives up to its name. The utensils — a serving spoon and a ladle — have innovative, S-shaped handles designed to rest on the edge of a pot, keeping them upright so they won’t slip in. The design also eliminates the need for a spoon rest or, worse, placing dirty utensils on the kitchen counter or stovetop between stirs. A silicone coating in a choice of Aqua, Charcoal, Cranberry or Blueberry keeps handles cool to the touch. $24.99. The FeatherSnap Wi-Fi smart bird feeder could turn anyone into an avid birdwatcher. Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. An optional premium subscription ($59.99 annually or $6.99 monthly) includes unlimited photo and video storage, AI identification with species-specific details, and the opportunity to earn badges for logging new visitors. Turn on notifications to get alerts sent to your phone whenever there’s activity at the feeder. $179.99. Fujifilm’s Instax Mini Link 3 smartphone printer offers a touch of nostalgia without sacrificing technology. Just load the 4.9-by-3.5-by-1.3-inch printer with Instax Mini instant film and connect it to your Android or iOS device via Bluetooth to print wallet-size photos. If you want to get fancy, you can adjust brightness, contrast and saturation, or apply filters, including 3D augmented-reality effects, via the free Instax Mini Link app. It can also make collages of up to six images, or animate photos to share on social media. Available in Rose Pink, Clay White and Sage Green. $99.95. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. Select a pot color, size and plant (or get recommendations based on sunlight requirements, pet friendliness and other attributes) and fill the self-watering container’s built-in reservoir roughly once a month. Moisture will permeate the soil from the bottom as needed, eliminating the often-fatal consequences of over- or under-watering. It’s also a literal lifesaver come vacation time. $49-$259. Related Articles Things to Do | US airports with worst weather delays during holiday season Things to Do | The right book can inspire the young readers in your life, from picture books to YA novels Things to Do | Holiday gift ideas for the movie lover, from bios and books to a status tote Things to Do | ‘Gladiator II’ review: Are you not moderately entertained? Things to Do | Beer pairings for your holiday feasts If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid sugar, stabilizers, thickeners and preservatives. The Nama M1 appliance both blends and strains ingredients, converting nuts, seeds, grains or oats into velvety-smooth milk in just one minute, with zero grit. And for zero waste, the pasty leftover pulp can be used in other recipes for added nutrients. The device also makes infused oils, flavored waters and soups. And, importantly, cleanup is easy. Available in white and black. $400. For friends who prefer stronger beverages, the QelviQ personal sommelier uses “smart” technology to ensure wine is served at its ideal temperature. Unlike traditional wine refrigerators, this device doesn’t take up any floor space. It also doesn’t chill wine to just one or two temperatures based on its color. Instead — paired with the free QelviQ app — the tabletop chiller relies on a database of more than 350,000 wines to bring a bottle to its specific recommended serving temperature in as little as 20 minutes. It also suggests food-wine and wine-food pairings. Plus, the appliance serves as a great icebreaker to inspire dinnertime conversation. Available in Exciting Red, Dashing Black and Dreamy White. $495. Grilling food after dark — and ascertaining its doneness — can prove challenging without outdoor lighting, and it’s nearly impossible to cook while holding a flashlight. But as is often the case, the simplest of solutions can make the biggest of impacts: Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. After use, the lights can be removed and the utensils run through the dishwasher. $40.

The Federal Trade Commission (FTC) of the United States has recently issued the first wave of refunds as part of the settlement agreement with Epic over deceptive in-game purchases. This move comes as a result of Epic Games, the developer behind popular titles such as Fortnite, being accused of engaging in unfair and deceptive practices that targeted young players.The moment Xiang Zuo and Xiao Hua stepped out of their sleek black car, the crowd erupted into cheers and applause. Cameras clicked furiously as the couple made their way towards the entrance of the barber shop, their every move captured for posterity. Xiang Zuo, always the epitome of style and elegance, was dressed in a sharp suit, while Xiao Hua exuded her trademark charm in a chic ensemble that set tongues wagging.If you rebuild it, they will come. No, it’s not a remake of Field of Dreams , but the Monday announcement by the Healey-Driscoll Administration, U.S. Rep. Jake Auchincloss, and other state and local officials that they have secured $50 million for the reconstruction of Newtonville Station , in Newton. “We’re proud to be delivering a new and modernized Newtonville Station that will make commuter rail service safer and more reliable, enhance accessibility and improve quality of life for our residents,” Gov. Maura Healey said. “This commitment is an important step forward in our goal to improve transportation infrastructure across the state.” The rebuilt Framingham/Worcester Line station will feature a pair of 400-foot long, fully accessible level-boarding platforms and accommodations for riders using wheelchairs and other mobility devices. Newton Mayor Ruthanne Fuller described the funding commitment as a “positive game change for Newton’s northside.” “This is a huge leap forward not just for public transportation but also housing, economic opportunity, accessibility, and climate resiliency. Everyone will now be able to take the train — people with mobility challenges, parents with a stroller, and travelers with a suitcase. The double platforms will allow more frequent service, improving life and access to economic opportunities for people along the entire Worcester-Framingham-Boston corridor,” Fuller said. The station’s current single-track design, “forces trains to switch tracks in Newton, causing delays across the whole corridor and reducing efficiency,” according to MBTA General Manager Phil Eng. In addition, the commuter rail doesn’t have an accessible stop anywhere in Newton, Eng said, despite the fact that riders requiring some accommodation use the line daily. Newtonville Station’s platform can only be reached by stair. “That’s not acceptable,” Eng said. Auchincloss, who is credited with getting $7 million in federal Community Project Funding earmarked for the project, said that improvements to the station will start a “virtuous cycle of better service and increased ridership.” “This upgrade helps commuters, supports affordable housing, and advances the goal of regional rail,” Auchincloss said. According to the Governor’s office, the MBTA is “evaluating multiple contract procurement methods to rebuild Newtonville Station.” A construction schedule has yet to be determined. Herald wire service contributed.