PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), together with D2D Auto Auction LLC, recently launched and conducted successful virtual auctions in the United States. An article discussing the company reads, “The PowerBand/D2D cloud-based auction platform lets people buy and sell cars and trucks with a simplicity, speed and cost efficiency never seen before, without them ever needing to leave their homes or offices. It will be offered across the United States in the coming weeks and months and will allow digital images and details of vehicles to be uploaded to the platform for potential buyers to view. . . . ‘The success of our virtual auctions, which are generating huge demand, is another major development for PowerBand and D2D,’ PowerBand CEO Kelly Jennings stated in a news release. He explained that the COVID-19 pandemic has disrupted many industries across the world including the automotive dealership and auction industries. As a result, dealerships have had to adapt quickly to an environment where the purchase and sale of vehicles at a physical auction is not a viable option. ‘Our cloud-based auction platform is now fully functional and can replace traditional physical auctions across North America as well as greatly reducing the costs to dealers since we only take a fee when a vehicle is actually sold,’ Jennings added.”
To view the full article, visit http://ibn.fm/KjIDU
About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based transaction platform facilitates transactions among consumers, dealers, funders and manufacturers (“OEMs”). The platform enables these entities to buy, sell, trade, finance and lease new and used, electric and nonelectric vehicles on smartphones or any other online digital devices from any location. PowerBand’s transaction platform — being trademarked under DRIVRZ — is being made available across North American and global markets. For more information, visit 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
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