QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces D&P Investment Amidst Launch of Virtual Transaction Platform
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced that its subsidiary, PowerBand Solutions US Inc. ("PowerBand US"), has closed on its convertible debenture financing (see news release dated March 2, 2020) and that Texas-based D&P Holdings, Inc. ("D&P") will immediately convert USD $6 million of PowerBand US debentures into a direct investment in the Company's US and Canadian financing and leasing divisions. Per the update, the investment comes at the time PowerBand is set to begin lease originations for vehicles in the United States using its virtual transaction system, which will enable automotive transactions from any location. "We…