- Fintech innovator PowerBand Solutions is helping to maintain the vitality of the automotive market amid a pandemic-propelled recession by promoting smart tech-facilitated sales transactions
- PowerBand Solutions’ new cloud-based platform simplifies the process of non-face-to-face sales transactions while fulfilling the requirements of financing and inventory paperwork, vehicle inspections and auction negotiations
- The advent of the COVID-19 pandemic has left nearly all industries reeling on a global scale, and analysts predict the automotive industry will end the year with reduced sales at levels nonetheless higher than 2009’s recessionary figures
- American auto markets were sent reeling this spring when the COVID-19 pandemic swept ashore and began claiming large numbers of victims in-country, in tandem with nearly all other industries that suffered the economic fallout of business shutdowns, public event cancellations, stay-at-home orders and consumer fears of the unknown
At the same time, PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) began emerging as a innovative new alternative to the legacy model for car and truck sales, establishing a consumer-driven online platform that emphasizes a simplicity, speed and cost-efficiency never before available through a virtual auto sales network.
PowerBand Solutions is improving the sales experience and the necessary elements of the transaction for sellers and buyers, facilitating the transfer of money, financing and inventory paperwork, vehicle inspections and auction negotiations through a new platform that is based in the…
NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://nnw.fm/PWWBF
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.