On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Adds Another National Auto Insurance Network to its Growing Online Sales Platform

  • PowerBand Solutions’ variety of remote-access auto sales and loans services are providing consumers an array of smart tech-enabled resources
  • The company’s new cloud-based platform permits car and truck buyers the same ease in transacting purchases that they find on large retail operations such as Amazon
  • PowerBand has announced the expansion of its network of B2B outlets thanks to a referral agreement with insurance products provider Royal Administration Services, Inc.
  • The company has also completed agreements this year with managing general insurance agency Comprehensive Auto Resources Company, Inc. (“CARco”) and D&P Holdings to offer insurance and warranty products through their networks

Emerging automotive fintech enterprise PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), is expanding the reach of its cloud-based car sales services with a referral agreement introducing a network of more than 1,800 vehicle dealerships to PowerBand’s virtual transaction platform.

The agreement announced July 28 will draw on automotive insurance products provider Royal Administration Services, Inc.’s national nexus of vehicle outlets as a potential source of business for PowerBand Solutions’ smart phone-accessible array of contactless sales and selling solutions (http://ibn.fm/oomE6).

PowerBand’s forward-thinking platform is a resourceful new alternative to existing methods for completing sales transactions, providing a nimble process for customers and dealers to buy, sell, lease and finance vehicles as easily as they buy products through web-based retailers such as Amazon.

Royal Administration’s network includes auto retailers and more than 80,000 vehicle service centers in all 50 states. Under the agreement between Royal Admin and PowerBand’s strategic partner and investor, D&P Holdings, Inc., Royal Admin will direct dealerships to the PowerBand digital transaction platform and receive a fee for each referral.

“This is a further extension of our ability to offer insurance and warranty products to drivers and dealers on the PowerBand digital transaction platform,” PowerBand CEO Kelly Jennings stated. “We now have a network of partners in the automotive insurance sector who will be referring PowerBand to thousands of dealers, who can reach millions of consumers.”

The July referral agreement builds on a similar one announced in June in which managing general insurance agency Comprehensive Auto Resources Company, Inc. (“CARco”) said it would use its B2B network of six national insurance companies and more than 1,000 agents to promote its products through PowerBand’s solutions (http://ibn.fm/4LBkW), as well as automotive warranty and insurance products firm D&P Holdings’ announcement it would promote PowerBand’s platform to its network of more than 850 car and truck dealerships nationwide in conjunction with an investment commitment announced in April (http://ibn.fm/0k3nC).

PowerBand began originating vehicle sale loans in July for outlets in Texas and Florida, and reports that California loan origination will follow in the near future. More states will be added by the end of the year.

PowerBand’s revenues grew seven-fold in 2019 to nearly $2 million, and while the global pandemic has taken a large bite out of vehicle sales this year PowerBand remains optimistic that its remote-access solutions will provide just the remedy auto consumers need during this era of social distancing.

“PowerBand is an entirely new way for drivers to acquire or sell a car and we wanted to be part of this industry breakthrough,” Royal Administration Executive Vice President Dominic Sansone stated. “We are confident that dealers will be motivated to offer our products to their customers across America using PowerBand.”

For more information, visit the company’s website at www.PowerBandSolutions.com.

NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
[email protected]

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered