InvestorNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Strong Month-over-Month Growth

June 8, 2021 09:40:01

PowerBand Solutions (TSX.V: 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 May 2021 financial results demonstrate continuation of strong month-over-month growth, positioning PowerBand for another strong quarter. Per the update, the company’s gross revenue increased to C$1.4 million in May 2021 from C$1.3 million in April 2021. In addition, PowerBand’s cumulative year-to-date gross revenue was C$5.6 million with a gross margin of 54%. “Retailers and OEMs are embracing the DRIVRZ(TM) platform,” said PowerBand CEO Kelly Jennings. “As more recognize our ability to scale without sacrificing profit, I anticipate adoption will accelerate.”

To view the full press release, visit https://ibn.fm/I15KQ

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 platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles on any phone, tablet or PC connected to the internet. PowerBand’s transaction platform – DRIVRZ – will be 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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