On April 7 and 16, 2020, PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt:
1ZVA) and D2D Auto Auction LLC successfully launched and conducted
“virtual” auctions in the United States. These auctions demonstrated the speed
and proficiency of the unique platform (http://ibn.fm/AzoL3). An article discussing the company
reads, “The new cloud-based platform will be offered across the United States
in the coming weeks and will allow digital images and details of vehicles to be
uploaded for potential buyers to view. More than 1,300 dealers were registered
on the D2D platform when it was launched at the end of 2019. This number is
increasing rapidly with social distancing. D2D’s sales team targets additional
dealerships and commercial customers, including leasing, rental and fleet
companies. . . . According to PowerBand CEO Kelly Jennings, the virtual
auctions held earlier in April generated high demand, as dealerships are
looking for ways to adapt to an environment where the purchase and sale of
vehicles at a physical auction is no longer a viable option. ‘Our cloud-based
auction platform is now fully functional and can replace traditional physical
auctions across North America, as well as greatly reducing the costs to dealers
since we only take a fee when a vehicle is actually sold,’ Jennings noted in a
news release.”
To view the full article, visit http://ibn.fm/dpSai
About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and
the OTCQB markets, is a fintech provider disrupting the automotive industry.
PowerBand’s integrated, cloud-based transaction platform facilitates
transactions among consumers, dealers, funders and manufacturers (“OEMs”). The
platform enables these entities to buy, sell, trade, finance and lease new and
used, electric and nonelectric vehicles on smartphones or other online digital
devices from any location. PowerBand’s transaction platform — being trademarked
under DRIVRZ — is being made available across North American and global
markets. For more information, visit 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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