OMNIQ Corp (OMQS)

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Quest Solution Reports Q1-2017 Results

http://www.marketwired.com/press-release/quest-solution-reports-q1-2017-results-otcqb-ques-2216571.htm

Company Focus Delivers Significantly Improved Financial Performance

EUGENE, OR--(Marketwired - May 16, 2017) - Quest Solution, Inc. (OTCQB: QUES), is pleased to announce its financial results for the three months ended March 31, 2017.

Q1-2017 and Subsequent Highlights

•Positive Operating Income of $0.1 million for Q1-2017 versus a loss of $0.7 million in Q1-2016

•Significantly reduced Operating Expenses for Q1-2017 from $3.7 million in Q1-2016 to $2.9 million in Q1-2017 a decrease of $0.8 million or 21%

•Substantial reduction of Net Loss from continuing operations for the three months ended March 31, 2017 bringing Net Loss down to $0.3 million, an improvement of $1.2 million compared to same period last year

•Adjusted EBITDA for the three months ended March 31, 2017 of $0.6 million an improvement of $0.7 million, compared to same period last year

•Appointment of Shai Lustgarten as President and CEO