PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) this morning announced that it has reached an agreement with Citation Capital Management to aid in procuring extensive funding options for loans and leases to be approved through PowerBand’s leasing operations in the United States. Per the release, the agreement will advance PowerBand’s mission to raise a total of $1 billion in credit facilities to utilize by providing consumers and dealers access to loans or leases on vehicles acquired through the company’s cloud-based transaction platform. “This is another milestone in PowerBand’s strategy to meet our goal of aggregating $1-billion in credit facilities that will be available to consumers and dealers using our powerful and convenient transaction platform,” PowerBand CEO Kelly Jennings stated in the news release. “PowerBand intends to remove unnecessary middlemen from the sales, leasing and auctioning experience in the automotive sector. The acquisition of a vehicle should be as simple as ordering items on Amazon, with the net result of uberizing the sales experience.”
To view the full press release, visit http://ibn.fm/AgPLY
About PowerBand Solutions Inc.
PowerBand Solutions is a technology provider listed on the TSX Venture Exchange. The company’s cloud-based platform is revolutionizing the buying, selling, leasing and auction of vehicles. With the receipt of its exporter license and its acquisition of MUSA Auto Finance, PowerBand is well positioned to become a leader in the cross-border, used-vehicle export market, the used-vehicle auction market and the vehicle leasing market in the United States and Canada. For more information, visit the company’s website at www.PowerBandSolutions.com.
NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF
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