March 27 (Reuters) - Quisitive Technology Solutions Inc ( QUISF )

:

* QUISITIVE ANNOUNCES AGREEMENT TO SELL BANKCARD USA

* QUISITIVE TECHNOLOGY SOLUTIONS ( QUISF ): CONSIDERATION TO BE

RECEIVED BY

CO FOR SALE OF BANKCARD CONSISTS OF $40 MILLION IN CASH

* QUISITIVE TECHNOLOGY SOLUTIONS ( QUISF ): ENTERED INTO DEFINITIVE

STOCK

PURCHASE AGREEMENT TO SELL BANKCARD USA MERCHANT SERVICES TO

BUSA ACQUISITION CO

* QUISITIVE TECHNOLOGY SOLUTIONS ( QUISF ): BANKCARD TO BE LED BY

SHAWN

SKELTON AS CEO, SCOTT HARDY AS PRESIDENT WITH FELIX DANCIU

JOINING AS CFO

* QUISITIVE TECHNOLOGY SOLUTIONS INC ( QUISF ) - SEES FISCAL YEAR 2024

REVENUE $123 MILLION - $137 MILLION

* QUISITIVE TECHNOLOGY SOLUTIONS ( QUISF ): CONSIDERATION CONSISTS OF

RETURN

BY ACQUIROR OF 133.1 MILLION COMMON SHARES OF CO TO UNIT OF CO

* QUISITIVE TECHNOLOGY SOLUTIONS INC ( QUISF ) - SIGNED TERM SHEET

WITH

RESPECT TO A PROPOSED SECOND AMENDMENT AND RESTATEMENT TO ITS

EXISTING CREDIT FACILITY

* QUISITIVE TECHNOLOGY SOLUTIONS INC ( QUISF ) - AMENDMENT WILL

PROVIDE

REDUCTION OF CO'S TERM LOAN CREDIT FACILITY FROM ABOUT US$68.6

MILLION TO US$34 MILLION

* QUISITIVE: CONSIDERATION INCLUDES DELIVERY BY FORMER

VENDORS OF

BANKCARD OF SETTLEMENT DEAL RELEASING CO OF OBLIGATIONS TO PAY

$10 MILLION EARNOUT PAYMENT

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