PowerBand Solutions Inc. PWWBF Archives - Page 3 of 14

MondayMar 29, 2021 12:53 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Pilot Launch of Consumer Auction Platform – DrivrzXchange

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 that DrivrzXchange, its online consumer auction platform, has begun a pilot launch in Northwest Arkansas, with plans to rapidly expand into select markets nationwide. According to the update, the consumer-to-consumer ("C2C") auction portal of DRIVRZ(TM), branded DrivrzXchange, is a marketplace that allows verified users to buy or sell vehicles online. "DrivrzXchange is superior to other live auctions, listing sites and car buying services because it offers anyone who is in the market to buy or…

ThursdayMar 25, 2021 1:43 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Clarifies Donation to US Charity Giving Hope as Personal Gift from CEO

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 clarified that the donation (1,000,000 PBX shares) to Giving HOPE, the New Orleans-based charity, is a personal gift from PowerBand CEO Kelly Jennings. "My donation has no impact on the treasury of PowerBand nor does it dilute the company in any way," said Jennings. "We wanted to make that clear to our shareholders." The donation allows Giving HOPE the ability to redirect other funds to build HOPE House orphanages, one of Giving HOPE's several humanitarian undertakings.…

ThursdayMar 11, 2021 12:03 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Enters MOU with Focus on Selling Automotive Specialty Insurance Products

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a fintech provider disrupting the automotive industry, announced that it has entered into a memorandum of understanding ("MOU") with Allianz Partners, a global leader in B2B2C assistance and insurance solutions. The MOU outlines plans for Allianz Partners, PowerBand Solutions and PWWBF’s partner D&P Holdings Inc. to sell automotive specialty insurance products on PowerBand’s proprietary DRIVRZ virtual transaction platform. Target date to start offering the products in the United States and Canada is Q2 2021. While initial offerings will be limited to North America, the companies plan on expanding globally through DRIVRZ global…

MondayMar 08, 2021 11:47 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Reports Continued Month-over-Month Growth

PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a comprehensive e-commerce solution allowing drivers and automotive dealers to buy, sell, trade, lease and finance vehicles from any digital device, has released its February 2021 financial numbers, noting that the company’s strong month-over-month growth has continued into 2021. In the announcement, PowerBand reported that its February's gross sales totaled C$8 million, which is a 19.4% or C$1.3 million increase over its January 2021 numbers of C$6.7 million. This is particularly noteworthy because February is a short month, which included a major cold-weather incident that negatively impacted the economy in much of the…

TuesdayMar 02, 2021 3:03 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Enters MOU with Global Insurance & Financial Services Provider

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) announced that it has entered into a memorandum of understanding (“MOU”) with a global insurance and financial services provider whose name will be revealed soon. The MOU outlines an agreement between the two companies to sell automotive insurance products on PowerBand’s exclusive DRIVRZ virtual transaction platform. According to the MOU, three companies — PowerBand, D&P Holdings and the new unnamed business partner — will work together to draft reinsurance agreements for both new business opportunities and existing portfolios in the U.S. and Canadian markets. In addition, PowerBand and the new partner are…

ThursdayFeb 11, 2021 2:29 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Continues Solid Month-over-Month Growth

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 that its January 2021 financial results have demonstrated the continuation of strong month-over-month growth heading into 2021. "Recent consumer research has shown that a growing number of consumers begin their shopping for automobiles online, and nearly half of them prefer to do it alone without any help from friends, family or dealership salespeople," said PowerBand CEO Kelly Jennings. "Our continued month-over-month growth indicates that our DRIVRZ(TM) platform messaging is resonating with this type of consumer,…

ThursdayFeb 11, 2021 9:13 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Closes on Private Placement, Resulting in C$5.3 Million

PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that the company has closed on its previously announced nonbrokered private placement. As announced on Jan. 22, 2021, the placement was comprised 18,275,862 units; each unit, which included one common share of the company and one share purchase warrant of the company, was sold at $0.29. In addition, each warrant holder allows the holder to receive on common share for no additional consideration for an exercise price of $0.49 per share for up to 24 months after their date of issuance. The private placement was fully subscribed, resulting in total…

TuesdayFeb 09, 2021 2:46 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc.’s (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) DRIVRZ(TM) Offers End-to-End Transportation Products and Services

PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, today announced the capabilities of its DRIVRZ(TM) platform. DRIVRZ(TM) is distinctly different than traditional online auto services, offering a 360-degree, protected, full-service experience including end-to-end purchasing, leasing, trade negotiating, financing, protection products, home delivery, satisfaction guarantee return policies, transactional support, and ombudsmen resolution solutions. The platform also gives the consumer to option to work with a local dealer. "Buying a product online is one thing, but buying transportation online is serious business" said PowerBand's President Jon Lamb. "The consortium of service providers we have contracted…

TuesdayJan 26, 2021 12:41 pm

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Reports Encouraging Financial Results for December 2020

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a disruptive fintech platform solution, transforming the online experience to sell, trade, lease, or finance vehicles, today announced positive financial results for the month of December. Per the update, the company anticipates that ending the year with record growth will provide great momentum for the first quarter of 2021. “We are pleased with our consistent month-over month growth this past year. Powerband's fourth quarter net revenues increased 138% over the third quarter of 2020. December YTD closed out at $23.8mm, which was $6.1mm stronger than November's $17.7mm YTD. This means that the…

MondayJan 25, 2021 9:14 am

QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Plans Private Placement Financing with $5.3M Potential

PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that it intends to complete a non-brokered private placement financing. The private placement should result in $5.3 million gross proceeds for PowerBand, which plans to use the money to support its continual development, growth, market expansion and for general working capital purposes. As announced by the company, the private placing will be comprised of up to 18,275,862 units to be offered at $0.29 per unit, resulting in the aforementioned $5.3 million. Each unit offered will be comprised of one common share as well as one common share purchase warrant, which…

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