PowerBand Solutions Inc. PWWBF Archives

FridayMay 14, 2021 10:15 am

QualityStocksNewsBreaks – PowerBand Solutions Inc.’s (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) DRIVRZ Financial and Roadster to Bring Used Car Leasing to Digital Retail World

PowerBand Solutions’ (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) leasing and finance division, DRIVRZ Financial, an automotive finance and technology lender specializing in effortless leasing, has announced its partnership with Roadster. Under the collaboration, DRIVRZ and Roadster will enhance the digital retail experience with an interactive payment calculator and online application for used car leases. This latest partnership reflects the company’s continued focus on using technology to create convenient, modern and transparent customer experiences. "We are especially excited about this integration because we don't know of any other lender that has brought used car leasing to the digital retail world," said…

ThursdayMay 13, 2021 10:40 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Strategic Appointment as It Enters New Stage of Growth

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider of a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced that Justin Burrage, president of Cadiz Capital Advisors, will be advising and assisting the company on capital markets initiatives. The appointment comes as PowerBand enters a new stage of growth, with gross sales escalating and DRIVRZ(TM) expanding across the United States. In his new role, Burrage will work with PowerBand's CEO and senior executives to introduce investors, family offices and financial institutions to PowerBand and the DRIVRZ suite of products. "We…

WednesdayMay 12, 2021 1:16 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc.’s (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) DrivrzXchange Enters Strategic Partnership with Acertus

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider of a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced that its auction division, DrivrzXchange, has entered an agreement with North American automotive logistics and services company, ACERTUS. Under the agreement, ACERTUS will pick up vehicles acquired or sold on DrivrzXchange, the virtual auction solution of DRIVRZ(TM), and deliver them directly to the purchaser’s destination, anywhere within the United States. The same service will be available to automotive dealers who utilize DrivrzXchange, a key component of PowerBand's DRIVRZ suite of solutions.…

FridayMay 07, 2021 10:09 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Collaborating to Bring Used-Car Leasing to World of Digital Retail

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider of a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced that DRIVRZ Financial, its leasing and finance division, has partnered with Roadster, the e-commerce provider to 7,000 automotive dealerships in the United States, to offer used-car leasing within the Roadster Digital retail experience. "We are especially excited about this integration because we don't know of any other lender that has brought used-car leasing to the digital retail world," said Jon Lamb, CEO of DRIVRZ Financial. "Used-car leasing is already incredibly rare.…

ThursdayMay 06, 2021 2:56 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Announces Rebrand, Releases April 2021 Financial Numbers

PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a fintech provider disrupting the automotive industry, has announced that an acquisition from 2019 — MUSA Auto Finance — will rebrand as DRIVRZ(TM) Financial and serve as the company’s leasing and financing division. The announcement noted that the company will continue to grow its indirect lending business and expand into direct-to-consumer financing, traditional retail financing and lending across the full credit spectrum. PWWBF acquired a 60% share of MUSA in 2019. The company gained a reputation for simplifying complex processes through automation and it will bring that same expertise to its new role as…

WednesdayMay 05, 2021 1:58 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Names New Chief Revenue Officer

PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a fintech provider disrupting the automotive industry, has announced that Brent Green will be serving as the new chief revenue officer of DRIVRZ Financial. DRIVRZ Financial is the lending and leasing component of PowerBand's DRIVRZ virtual marketplace, where leases can be approved for drivers and automotive dealers online and in seconds. Green has more than two decades of experience in the automotive industry in a variety of positions, including leading sales organizations both domestically and internationally. He has served at the Atlanta Auto Auction and Manheim, where he worked in auction operations,…

TuesdayMay 04, 2021 10:31 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces New Lines to Further Position DRIVRZ as Premier EV Leasing Option

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider of a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, has announced a recent approval to access two U.S. $1 billion lease lines targeted towards the DRIVRZ(TM) electric vehicle (“EV”) leasing initiative on the DRIVRZ Financial platform (formerly MUSA Auto Finance). According to the update, PowerBand believes these new EV lease lines position DRIVRZ to become the premier EV leasing option in the industry. Unify Financial Credit Union and Valley Strong Credit Union, two leading U.S. credit unions, have provided the new EV…

FridayApr 30, 2021 9:55 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Reports FY2019, FY2020 Financial Results

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease and finance vehicles, has filed its annual reports for the periods ended Dec. 31, 2020, and 2019. A report highlight was Q4 2020 revenues of $1,426,635, which is an increase in revenue of 242%, or $1 million, over Q$ 2019 revenues of $416,943. The report also indicated an adjusted EBITDA for Q4 2020 increased by $733,088, or 18% over the fourth quarter of 2019. The company reported cash on hand as of Dec. 31, 2020, was $1,403,213 compared to $243,030…

WednesdayApr 28, 2021 2:10 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Expansion of Existing $300M Credit Facility

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform. According to the update, the $300 million credit facility was originally executed with the financial institution in July 2020 and was described in a news release dated July 13, 2020. The company has been using this credit facility for lease origination since the date of execution and is now extending it…

MondayApr 26, 2021 12:42 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Advancing Strategy to Position DRIVRZ(TM) in Automotive Retail

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary retail platform. With this move, PowerBand is advancing its strategy to position the DRIVRZ(TM) platform to become the leader in the future of EV and combustion vehicle retail. "This is just one of many more steps PowerBand will be taking towards making the DRIVRZ(TM) platform a global leader in automotive retail. By streamlining the…

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