QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Enters MOU with Global Insurance & Financial Services Provider
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) announced that it has entered into a memorandum of understanding (“MOU”) with a global insurance and financial services provider whose name will be revealed soon. The MOU outlines an agreement between the two companies to sell automotive insurance products on PowerBand’s exclusive DRIVRZ virtual transaction platform. According to the MOU, three companies — PowerBand, D&P Holdings and the new unnamed business partner — will work together to draft reinsurance agreements for both new business opportunities and existing portfolios in the U.S. and Canadian markets. In addition, PowerBand and the new partner are…