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Railtown AI Applied sciences Inc. Broadcasts Closing of Convertible Debenture Financing and Launch of Velocity Insights on Microsoft Azure Market by Companion Quisitive Know-how Options Inc.

Vancouver, British Columbia–(Newsfile Corp. – November 17, 2022) – Railtown AI Applied sciences Inc. (CSE: RAIL) (“railtown“or the”Firm“) is happy to announce that the Firm’s enterprise associate Quisitive Know-how Options Inc. has begun advertising and marketing Velocity Insights, a Railtown AI know-how, on Microsoft’s Azure Market.

The Microsoft Azure Market is a web-based retailer that provides purposes and providers both constructed on or designed to combine with Microsoft’s Azure public cloud. The services bought by way of the Microsoft Azure Market come from both Microsoft instantly or its know-how companions. {The marketplace} is a place to begin for go-to-market collaboration and enablement with gross sales channels and Market Rewards. The web sites and in-product experiences give merchandise visibility to thousands and thousands of shoppers who’re searching for options.

Railtown’s know-how permits software program engineers to observe, diagnose, and prioritize errors effectively with the assistance of Synthetic Intelligence (AI), Machine Studying (ML), and Pure Language Processing (NLP), to cut back the time spent on discovering and fixing errors with out compromising product high quality. The applying was created for any developer that makes use of .NET, JavaScript, Node JS, Java, or Python of their growth stack. By connecting error logs, ticketing knowledge, and CI/CD (DevOps) techniques, the know-how goals to extend developer productiveness and velocity in order that customers can give attention to constructing premier business-critical apps.

By using the Railtown know-how as Quisitive Velocity Insights, Quisitive builders can be extra productive, quicker, and ship increased high quality outcomes to prospects. The answer will combine with Quisitive’s current software program growth software stack and is designed to offer transparency, measurability, and predictability within the growth course of to assist organizations de-risk new product growth. The addition of the Railtown know-how will allow Quisitive to handle enterprise prospects’ customized, cloud-native utility growth wants extra fully by growing the efficient output of growth groups, enhancing consistency in supply, and accelerating the time to challenge completion.

Moreover, Railtown is happy to announce that because the starting of August 2022, the Firm has seen a major enhance in buyer sign-ups with over 200 new SMB’s utilizing Railtown’s know-how. Railtown’s CTO Marwan Haddad commented, “Software program engineers are very explicit in regards to the instruments and providers that they use of their on a regular basis lives to construct purposes, and we’re excited to see the continued and rising uptake of our know-how all through the engineering neighborhood.”

“We’re more than happy with the latest business launch of Velocity Insights and our continued natural person development,” famous Cory Brandolini, Railtown’s CEO.

As well as, Railtown proclaims that the Firm has closed a convertible debenture financing by the use of a non-brokered non-public placement (the “financing“) for mixture gross proceeds of $565,000. The Financing was comprised of items (every, a “unit“) at a value of $1,000 per Unit, with every Unit consisting of (i) one unsecured convertible debenture (every, a “Debenture“) within the principal quantity of $1,000 that matures in 36 months, bears easy curiosity on the charge of 10% every year and is convertible into frequent shares of Railtown (every, a “Compartir“) at a value of $0.15 per Share, topic to plain adjustment mechanisms, and (ii) 3,335 frequent share buy warrants, every of which is exercisable into one Share at a value of $0.30 per Share for a interval of 36 months. The Firm expects to make use of the procedures of the Financing for additional buyer acquisition, advertising and marketing, and normal company functions.

In reference to the Financing, the Firm paid one arm’s size entity $45,200 in money finder’s charges (equal to eight% of the gross proceeds) and issued 301,333 non-transferable finder’s warrants to that entity (equal to eight% of the variety of Shares into which the principal quantity of the Debentures is convertible). Every finder’s warrant is exercisable into one Share at a value of $0.15 per Share for a interval of 36 months. Railtown additionally paid that entity a referral price of $15,000 and issued 100,000 Shares to that entity at a deemed value of $0.15 per Share.

All securities issued in reference to the Financing are topic to an ordinary maintain interval of 4 months and at some point in accordance with relevant securities legal guidelines.

Not one of the securities referenced on this information launch have been or can be registered beneath the USA Securities Act of 1933, as amended (the “US Securities Act“), or any relevant state securities legal guidelines and might not be provided or bought in the USA or to, or for the account or advantage of, US individuals (as outlined in Regulation S beneath the US Securities Act) or individuals in the USA absent registration or an relevant exemption from such registration necessities.This information launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any of the securities in any jurisdiction during which such supply, solicitation or sale can be illegal.

ABOUT QUISITIVE TECHNOLOGIES INC.

Quisitive (TSXV: QUIS) (OTCQX: QUISF) is a premier, international Microsoft associate that harnesses the Microsoft platform and complementary applied sciences, together with customized options and first-party choices, to generate transformational impression for enterprise prospects. Our Cloud Options enterprise focuses on serving to enterprises transfer, function, and innovate within the three Microsoft clouds. Centering on our LedgerPay product suite, our Funds Options enterprise leverages the Microsoft Azure cloud to rework the cost processing business into a completely new supply of buyer engagement and shopper worth. Quisitive serves purchasers globally from seventeen worker hubs internationally. For extra data, go to www.Quisitive.com and observe @BeQuisitive.

ABOUT RAILTOWN AI TECHNOLOGIES INC.

Railtown has developed a SAAS-delivered answer for software program growth groups that makes use of AI to drive optimizations and ship insights at each stage of software program growth. Railtown converts CI/CD techniques to full CI/CD/CM (steady monitoring) techniques – monitor, diagnose, and prioritize errors from the entire CI/CD surroundings on a single platform. Railtown’s Steady Machine Studying Software will empower builders to speed up innovation whereas guaranteeing their purposes reliability and growing velocity.

INVESTOR CONTACT
Rebecca Kerswell, Vice President, Advertising and marketing and Communications
E mail: rebecca@railtown.ai

This information launch accommodates forward-looking statements regarding the longer term operations of the Firm and different statements that aren’t historic information. Ahead-looking statements are sometimes recognized by phrases akin to “will”, “could”, “ought to”, “intends”, “anticipates”, “expects” and comparable expressions. All statements aside from statements of historic truth included on this launch, together with, with out limitation, statements concerning the longer term plans and aims of the Firm, are forward-looking statements that contain dangers and uncertainties. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Vital elements that would trigger precise outcomes to vary materially from the Firm’s expectations are dangers detailed once in a while within the filings made by the Firm with securities regulators.

Readers are cautioned that assumptions used within the preparation of any forward-looking data could show to be incorrect. Occasions or circumstances could trigger precise outcomes to vary materially from these predicted, because of quite a few recognized and unknown dangers, uncertainties, and different elements, a lot of that are past the management of the Firm. Consequently, the Firm can’t assure that any forward-looking assertion will materialize, and readers mustn’t place undue reliance on any forward-looking data. Such data, though thought of cheap by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will solely replace or revise publicly any of the included forward-looking statements as expressly required by Canadian securities regulation.

***NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES.***

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/144714

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