PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) has announced that its partner, D2D Auto Auction LLC (“D2D”), has finalized an agreement with a leading used-car dealership to list its cars on D2D’s virtual auction platform. The retailer, which operates more than 140 car dealerships in 12 states, is one of the largest used-vehicle sellers in the country, purchasing an estimated 48,000 cars a year. DRD plans to list as many of those vehicles as possible on its virtual auction platform. “This is a major endorsement of our virtual auction solution, which is making it easier for dealers and consumers to buy and sell used cars from wherever they are,” said PowerBand CEO Kelly Jennings in the press release. “We are taking out unnecessary middlemen and fees with our virtual auctions, eliminating the cost of transporting vehicles to physical auctions. D2D only charges a fee when a vehicle is successfully sold.”
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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 auction platform facilitates transactions among consumers, dealers, funders and manufacturers. The platform enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, using smartphones or any other online digital devices, from any location. Trademarked under DRIVRZ, PowerBand’s transaction platform will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
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