QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Issues Clarification on Revenues, Reduced Risk via DRIVRZ(TM)-Arranged Leases
PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today issued clarification on the income reporting and liability aspects of its reporting as DRIVRZ(TM) increases the number of leases financed for drivers and automotive dealers on its virtual platform. According to the update and under preexisting agreements with financial institutions, it is the role of DRIVRZ to receive requests for leasing and financing, approve the credit worthiness of applicants and accept the lease. Carried out with the proprietary software of the DRIVRZ Finance division, these leases are then formatted to meet the contract standards and protocols of the company’s lending partners.…