PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced that it has secured USD $1.2 million from Texas-based D&P Holdings, Inc. (“D&P”). According to the update, the capital injection is part of D&P’s ongoing commitment to invest USD $10 million in PowerBand Solutions US Inc. (“PowerBand US”) and its cloud-based, transaction platform that allows consumers and dealers to buy, sell, lease and trade vehicles from smart phones and other devices from any location, including their homes. “We are unwavering in our previously stated commitment to invest at least USD $10 million into PowerBand US,” D&P’s CEO John Armstrong stated in the news release. “While COVID-19 has caused unexpected business delays for many of us, this crisis has reinforced our belief that PowerBand will revolutionize how consumers and dealers interact when they buy, sell, lease and trade cars and trucks.”
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About PowerBand Solutions Inc.
PowerBand Solutions Inc. is a technology provider listed on the TSX Venture Exchange. The Company’s cloud-based platform is revolutionizing the buying, selling, leasing, and auctioning of vehicles. With the receipt of its exporter license and its acquisition of MUSA Auto Finance, the Company 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 U.S. and Canada. For more information, visit www.PowerBandSolutions.com.
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