PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a leader in online vehicle transactions using smartphones, has announced an agreement with HUB International Ltd. (“HUB”), the largest privately held, personal-insurance brokerage in the country. As part of the agreement, HUB’s personal lines of automotive insurance solutions will be available on PowerBand’s virtual transaction platform to drivers in the United States initially, with plans to expand to Canada soon. Currently PowerBand offers its users the ability to buy, lease, sell, trade and finance a vehicle from any location using a smartphone or other digital device; the recently announced agreement adds auto insurance to the list of services PowerBand provides. “PowerBand is delighted to partner with HUB, one of the most respected brands in personal insurance,” said PWWBF CEO Kelly Jennings in the press release. “Our goal at PowerBand is to take unnecessary middlemen out of all aspects of the automotive retail business, to make acquiring a car and insurance as easy as buying a product from Amazon on your smartphone. This partnership with HUB is another important step in that direction by PowerBand.”
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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 users to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform — being trademarked under DRIVRZ — will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
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