PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, today announced that DrivrzXchange, its online consumer auction platform, has begun a pilot launch in Northwest Arkansas, with plans to rapidly expand into select markets nationwide. According to the update, the consumer-to-consumer (“C2C”) auction portal of DRIVRZ(TM), branded DrivrzXchange, is a marketplace that allows verified users to buy or sell vehicles online. “DrivrzXchange is superior to other live auctions, listing sites and car buying services because it offers anyone who is in the market to buy or sell a vehicle with a platform that provides the tools necessary for a safe, hassle-free experience, with no unnecessary middlemen and expensive fees,” said Jon Lamb, president of PowerBand’s North American Operations. “After this pilot phase, DrivrzXchange will be released into select markets nationwide, with the end goal to have complete U.S. coverage, for anyone to use. We expect this to transform how Americans buy and sell cars online.”
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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 platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them 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 – DRIVRZ(TM) – will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
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