Technology provider PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) recently announced that the company is still working with institutional lenders to secure extensive credit facilities that enable consumers to buy, lease and sell vehicles through its cloud-based transaction platform amid the COVID-19 pandemic. In addition, PowerBand is advancing its plan to enable consumers and dealers to obtain insurance and warranty products when they buy, sell, lease or trade in vehicles. “As we watch the devastating impact of the coronavirus on the retail sector, I believe more than ever PowerBand’s technology will be another tool adding resiliency to the automotive retail sector and the economy,” PowerBand Solutions CEO Kelly Jennings stated in the news release. “While nothing can replace the value of human contact, there is no doubt technologies that enable people to buy and sell remotely will be an essential part of the future customer experience in the automotive sector.”
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About PowerBand Solutions Inc.
PowerBand Solutions Inc. is a technology provider listed on the TSX Venture Exchange. The Company’s cloud-based platform is revolutionizing the buying, selling, leasing and auction of vehicles. With the receipt of its exporter license and its acquisition of MUSA Auto Finance, the Company is well positioned to become a leader in the cross-border used vehicle export market, the used vehicle auction market, and the vehicle leasing market in the U.S. and Canada. For more information, visit the company’s website at www.PowerBandSolutions.com.
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