Powerband Solutions gibt $300 Mio Finanzierungsvereinbarung bekannt - 500 Beiträge pro Seite
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PowerBand to Begin Leasing Vehicles to U.S. Consumers with Initial $USD-300 Million Financing Agreement from U.S. Financial Institution
Monday, July 13, 2020 9:35 AM
MUSA, PowerBand's U.S. leasing division, reaches agreement with U.S. Financial Institution to Advance Strategy to Offer Multibillion-dollar Consumer Financing on PowerBand's Virtual Transaction Platform
VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / July 13, 2020 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt: 1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce its U.S. leasing division, MUSA Auto Finance, LLC ("MUSA"), has obtained lease financing from a federally chartered U.S. depository financial institution ("National Funder") to begin leasing vehicles to U.S. consumers.
Lease originations will begin today.
"This is the right solution at the right time, when the automotive industry and consumers are looking for innovations to overcome the challenges of the COVID-19 pandemic," said PowerBand CEO Kelly Jennings. "Consumers and dealers will be able to buy, lease and finance their vehicles on PowerBand, as easily as they purchase a product on Amazon. Our strategy is to aggregate further funding facilities in the weeks and months ahead, to offer multi-billion-dollar financing opportunities to consumers and dealers using our platform in the United States and Canada."
MUSA, which is 60-per-cent owned by PowerBand, will begin originating leases in Texas and Florida - the second and third largest states in the U.S. with a population exceeding 50 million people, under the Forward Flow Purchase and Security Agreement (the "Agreement") with the National Funder. PowerBand expects to enter the California market, with a population of 40 million, soon after.
Added MUSA's CEO Jeff Morgan: "We are thrilled to continue MUSA's and PowerBand's growth through what we believe is a first-of-its-kind funding arrangement. I'd like to thank the MUSA team for their support in helping us reach this pivotal moment."
Under the Agreement, an initial USD $300 million in financing will be available for vehicle leasing through MUSA.
"The MUSA platform has been upgraded and is once again operational with the most innovative funding solution in the industry," said Jennings. "MUSA will be scaled up to operate across the United States, dramatically changing the funding landscape for dealers and consumers, which will ultimately result in a rapid increase in loan originations as we expand across the country."
It is the Company's expectation that when fully operational, MUSA will far exceed its past peak performance as the Company adds finance and dealer partners. Before it was temporarily furloughed, MUSA leased approximately 900 to 1,200 vehicles a month, with each lease having an average value of USD $60,000 per vehicle.
Under the unique Forward Flow Purchase and Security Agreement with the National Funder, the USD $300 million will be rolled out in three phases: Phase One, which begins immediately, is USD $5 million, Phase Two USD $50 million, Phase Three USD $250 million. The funding agreement includes conditions and guidelines that must be followed to move through the various phases. Once the credit facility has been utilized it will be securitized, resulting in the replenishing of the original USD $300 million.
As the MUSA platform is gradually made available to our national network of auto-dealer partners, it is the Company's expectation that the securitization of the USD $300-million Agreement will occur a number of times a year. PowerBand is also in discussions with other financial institutions to further expand extensive funding facilities as the PowerBand virtual transaction platform is rolled out across the United States and Canada.
Founded in 2016, MUSA is leading the modernization of the new- and pre-owned vehicle leasing experience, providing dealers and consumers with the most advanced on-line leasing options in the industry. The technology takes an application, calculates a lease, auto-decisions the application, provides an approval back to dealer partners and prefills a lease contract accurately. Approvals can occur in less than eight seconds. As a result of its proprietary technology, MUSA was awarded a contract by Tesla Motors to become a national leasing partner in 2018.
"Jeff Morgan and the MUSA team have helped prepare PowerBand for success in the United States," said Jennings. "I'd like to thank Jeff and his team for their hard work, and also thank our investors and shareholders for their support to help make our innovative solutions a reality. We are looking forward to finally offering our products to our many partners in the automotive sector and millions of consumers in the coming months across North America."
This innovative funding Agreement with the National Funder is seen by the Company as a financing model that provides PowerBand the ability to expand its future lending facilities, with more speed and efficiency than ever before. The Company anticipates similar agreements to be structured with other lenders, to expand funding facilities with our auto-dealer partners, who are expected to bring their financial institutions into what we believe is the most consumer-friendly and dealer-ready lending process in the retail automotive sector.
Further details of the Agreement:
The Agreement between MUSA and the National Funder is being executed by MAF Leasing, LLC, a newly created wholly owned subsidiary of MUSA. Under the Agreement, MUSA will use its nationwide network of dealer relationships to originate new and used consumer vehicle leases.
As part of the transaction, MUSA will earn customer fees and expects to record a gain on the sale of the lease contracts. The National Funder has also executed a Servicing Agreement with MUSA, under which MUSA will provide customary collections and servicing activities on behalf of the National Funder. MUSA will earn a market rate for providing its servicing and remarketing services to the National Funder.
MUSA will also provide end-of-term remarketing assistance to help with the resale and disposition of vehicles not purchased at lease maturity. As part of PowerBand's comprehensive strategy to transform the automotive industry, many of the end-of-term vehicles will also be remarketed on the D2D Auto Auctions LLC ("D2D") online platform. D2D is co-owned by PowerBand and Arkansas-based financier Bryan Hunt, Director of J.B Hunt Transport, and PowerBand, in a fifty-fifty partnership.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
Monday, July 13, 2020 9:35 AM
MUSA, PowerBand's U.S. leasing division, reaches agreement with U.S. Financial Institution to Advance Strategy to Offer Multibillion-dollar Consumer Financing on PowerBand's Virtual Transaction Platform
VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / July 13, 2020 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt: 1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce its U.S. leasing division, MUSA Auto Finance, LLC ("MUSA"), has obtained lease financing from a federally chartered U.S. depository financial institution ("National Funder") to begin leasing vehicles to U.S. consumers.
Lease originations will begin today.
"This is the right solution at the right time, when the automotive industry and consumers are looking for innovations to overcome the challenges of the COVID-19 pandemic," said PowerBand CEO Kelly Jennings. "Consumers and dealers will be able to buy, lease and finance their vehicles on PowerBand, as easily as they purchase a product on Amazon. Our strategy is to aggregate further funding facilities in the weeks and months ahead, to offer multi-billion-dollar financing opportunities to consumers and dealers using our platform in the United States and Canada."
MUSA, which is 60-per-cent owned by PowerBand, will begin originating leases in Texas and Florida - the second and third largest states in the U.S. with a population exceeding 50 million people, under the Forward Flow Purchase and Security Agreement (the "Agreement") with the National Funder. PowerBand expects to enter the California market, with a population of 40 million, soon after.
Added MUSA's CEO Jeff Morgan: "We are thrilled to continue MUSA's and PowerBand's growth through what we believe is a first-of-its-kind funding arrangement. I'd like to thank the MUSA team for their support in helping us reach this pivotal moment."
Under the Agreement, an initial USD $300 million in financing will be available for vehicle leasing through MUSA.
"The MUSA platform has been upgraded and is once again operational with the most innovative funding solution in the industry," said Jennings. "MUSA will be scaled up to operate across the United States, dramatically changing the funding landscape for dealers and consumers, which will ultimately result in a rapid increase in loan originations as we expand across the country."
It is the Company's expectation that when fully operational, MUSA will far exceed its past peak performance as the Company adds finance and dealer partners. Before it was temporarily furloughed, MUSA leased approximately 900 to 1,200 vehicles a month, with each lease having an average value of USD $60,000 per vehicle.
Under the unique Forward Flow Purchase and Security Agreement with the National Funder, the USD $300 million will be rolled out in three phases: Phase One, which begins immediately, is USD $5 million, Phase Two USD $50 million, Phase Three USD $250 million. The funding agreement includes conditions and guidelines that must be followed to move through the various phases. Once the credit facility has been utilized it will be securitized, resulting in the replenishing of the original USD $300 million.
As the MUSA platform is gradually made available to our national network of auto-dealer partners, it is the Company's expectation that the securitization of the USD $300-million Agreement will occur a number of times a year. PowerBand is also in discussions with other financial institutions to further expand extensive funding facilities as the PowerBand virtual transaction platform is rolled out across the United States and Canada.
Founded in 2016, MUSA is leading the modernization of the new- and pre-owned vehicle leasing experience, providing dealers and consumers with the most advanced on-line leasing options in the industry. The technology takes an application, calculates a lease, auto-decisions the application, provides an approval back to dealer partners and prefills a lease contract accurately. Approvals can occur in less than eight seconds. As a result of its proprietary technology, MUSA was awarded a contract by Tesla Motors to become a national leasing partner in 2018.
"Jeff Morgan and the MUSA team have helped prepare PowerBand for success in the United States," said Jennings. "I'd like to thank Jeff and his team for their hard work, and also thank our investors and shareholders for their support to help make our innovative solutions a reality. We are looking forward to finally offering our products to our many partners in the automotive sector and millions of consumers in the coming months across North America."
This innovative funding Agreement with the National Funder is seen by the Company as a financing model that provides PowerBand the ability to expand its future lending facilities, with more speed and efficiency than ever before. The Company anticipates similar agreements to be structured with other lenders, to expand funding facilities with our auto-dealer partners, who are expected to bring their financial institutions into what we believe is the most consumer-friendly and dealer-ready lending process in the retail automotive sector.
Further details of the Agreement:
The Agreement between MUSA and the National Funder is being executed by MAF Leasing, LLC, a newly created wholly owned subsidiary of MUSA. Under the Agreement, MUSA will use its nationwide network of dealer relationships to originate new and used consumer vehicle leases.
As part of the transaction, MUSA will earn customer fees and expects to record a gain on the sale of the lease contracts. The National Funder has also executed a Servicing Agreement with MUSA, under which MUSA will provide customary collections and servicing activities on behalf of the National Funder. MUSA will earn a market rate for providing its servicing and remarketing services to the National Funder.
MUSA will also provide end-of-term remarketing assistance to help with the resale and disposition of vehicles not purchased at lease maturity. As part of PowerBand's comprehensive strategy to transform the automotive industry, many of the end-of-term vehicles will also be remarketed on the D2D Auto Auctions LLC ("D2D") online platform. D2D is co-owned by PowerBand and Arkansas-based financier Bryan Hunt, Director of J.B Hunt Transport, and PowerBand, in a fifty-fifty partnership.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
PowerBand's Leasing Originations are Underway in The U.S. and Generating Revenue
PowerBand Also Announces Filing Of Quarterly Financial Statements
VANCOUVER, BC / ACCESSWIRE / July 16, 2020 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt: 1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to report that lease originations are successfully underway in the United States on its virtual platform that will transform how consumers buy vehicles.
MUSA Auto Finance, LLC ("MUSA"), PowerBand's U.S. leasing division, has begun generating revenue from lease originations that are initially focused on the Texas and Florida markets. MUSA, which now offers access to financing, allows consumers to be approved for leases in seconds.
"I'm happy to report that our virtual transaction system is working as planned and completing leases and financing in the United States," said PowerBand CEO Kelly Jennings. "PowerBand will be offering its leasing programs in California and across the United States in the very near future."
On July 13th, MUSA announced it had reached a USD $300-million financing agreement with a federally chartered U.S. depository financial institution. That enabled MUSA, which is 60 per cent owned by PowerBand, to begin offering leasing and financing to U.S. consumers.
PowerBand's virtual transaction platform, which includes MUSA, will enable consumers to buy, sell, lease and finance vehicles from a smart phone, or any digital device, from any location. PowerBand offers an important innovation for consumers and automotive dealers to rebound during the COVID-19 pandemic by allowing remote transactions. As well, PowerBand will make transactions faster, transparent and less costly by removing unnecessary middlemen and fees in the retail automotive experience.
PowerBand also reports that it has filed its condensed interim consolidated financial statements, MD&A and related CEO and CFO certificates for the three-month period ended March 31, 2020. These documents can be found under the Company's SEDAR profile at www.sedar.com.
Total Revenue for the three months ended March 31, 2020 increased to $615,432, up from $554,097 for the same period in 2019. The Net Loss for the period was $2,758,211, as compared to a Net Loss of $370,237 for the same period in 2019.
"The Company has made considerable and carefully targeted investments in our virtual transaction platform," said Jennings. "PowerBand is well positioned to achieve significant revenue growth in 2020, and in the years ahead."
Added Jennings: "I thank our strategic partners and investors for their support, and am proud that we are now offering people a way to acquire and sell a vehicle from any location, as easily as you can now buy a product from Amazon on your smart phone."
The Company also announces the issuance of 76,923 common shares from the exercise of warrants at a price of $0.15 for proceeds of $11,538.45. The Company currently has a total of 112,255,388 common shares issued and outstanding, and a total of 23,104,247 warrants and 12,416,000 options outstanding.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
View source version on accesswire.com:
https://www.accesswire.com/597717/PowerBands-Leasing-Origina…
PowerBand Also Announces Filing Of Quarterly Financial Statements
VANCOUVER, BC / ACCESSWIRE / July 16, 2020 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt: 1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to report that lease originations are successfully underway in the United States on its virtual platform that will transform how consumers buy vehicles.
MUSA Auto Finance, LLC ("MUSA"), PowerBand's U.S. leasing division, has begun generating revenue from lease originations that are initially focused on the Texas and Florida markets. MUSA, which now offers access to financing, allows consumers to be approved for leases in seconds.
"I'm happy to report that our virtual transaction system is working as planned and completing leases and financing in the United States," said PowerBand CEO Kelly Jennings. "PowerBand will be offering its leasing programs in California and across the United States in the very near future."
On July 13th, MUSA announced it had reached a USD $300-million financing agreement with a federally chartered U.S. depository financial institution. That enabled MUSA, which is 60 per cent owned by PowerBand, to begin offering leasing and financing to U.S. consumers.
PowerBand's virtual transaction platform, which includes MUSA, will enable consumers to buy, sell, lease and finance vehicles from a smart phone, or any digital device, from any location. PowerBand offers an important innovation for consumers and automotive dealers to rebound during the COVID-19 pandemic by allowing remote transactions. As well, PowerBand will make transactions faster, transparent and less costly by removing unnecessary middlemen and fees in the retail automotive experience.
PowerBand also reports that it has filed its condensed interim consolidated financial statements, MD&A and related CEO and CFO certificates for the three-month period ended March 31, 2020. These documents can be found under the Company's SEDAR profile at www.sedar.com.
Total Revenue for the three months ended March 31, 2020 increased to $615,432, up from $554,097 for the same period in 2019. The Net Loss for the period was $2,758,211, as compared to a Net Loss of $370,237 for the same period in 2019.
"The Company has made considerable and carefully targeted investments in our virtual transaction platform," said Jennings. "PowerBand is well positioned to achieve significant revenue growth in 2020, and in the years ahead."
Added Jennings: "I thank our strategic partners and investors for their support, and am proud that we are now offering people a way to acquire and sell a vehicle from any location, as easily as you can now buy a product from Amazon on your smart phone."
The Company also announces the issuance of 76,923 common shares from the exercise of warrants at a price of $0.15 for proceeds of $11,538.45. The Company currently has a total of 112,255,388 common shares issued and outstanding, and a total of 23,104,247 warrants and 12,416,000 options outstanding.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
View source version on accesswire.com:
https://www.accesswire.com/597717/PowerBands-Leasing-Origina…
More Than 1,800 Additional Automotive Dealerships to be Introduced To PowerBand's Virtual Transaction Platform for Drivers and Dealers
Tuesday, July 28, 2020 9:00 AM
Royal Administration Services, Inc., National Provider of Vehicle Service Contracts & Insurance Related Products, Enters Into PowerBand Referral Agreement
VANCOUVER, BC / ACCESSWIRE / July 28, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that Royal Administration Services, Inc. ("Royal Admin"), a provider of automotive insurance products across the United States, will be recommending dealers use the PowerBand virtual transaction platform for drivers and dealers.
Royal Admin entered the agreement with PowerBand's strategic partner and investor, Texas-based D&P Holdings, Inc. ("D&P"). Under the agreement Royal Admin will direct dealerships to the PowerBand digital transaction platform, which allows drivers and dealers to buy, sell, lease and trade vehicles from a smart phone and other digital devices, as easily as buying a product on Amazon.
Founded more than 30 years ago, Royal Admin is licensed in all 50 states and has access to more than 80,000 vehicle service centers across the United States. Royal Admin will receive a fee for each referral.
"This is a further extension of our ability to offer insurance and warranty products to drivers and dealers on the PowerBand digital transaction platform," said PowerBand CEO Kelly Jennings. "We now have a network of partners in the automotive insurance sector who will be referring PowerBand to thousands of dealers, who can reach millions of consumers."
Previously, PowerBand announced that the Comprehensive Auto Resources Company, Inc. ("CARco"), one of the United States' leading administrators of automobile protection products, will be promoting PowerBand's virtual transaction platform to auto dealers across the United States.
CARco, which works with six national insurance companies and more than 1,000 agents, is also working with D&P Holdings, Inc. ("D&P"). D&P is one of the United States' largest administrators of automotive warranty and insurance products, directly working with more than 850 dealerships in all 50 states. It has partnered with the Company, allowing drivers to now have access to Royal Admin, CARco and D&P vehicle protection and insurance products when they buy, lease, sell or trade vehicles on PowerBand.
"PowerBand is an entirely new way for drivers to acquire or sell a car and we wanted to be part of this industry breakthrough," said Dominic Sansone, EVP Royal Admin. "We are confident that dealers will be motivated to offer our products to their customers across America using PowerBand."
PowerBand's U.S. leasing operation, operated by MUSA Holdings, LLC ("MUSA"), which PowerBand acquired a 60 per cent share of in July 2019, began lease originations this month in Texas and Florida, with a California launch planned imminently. More U.S. states will follow in 2020.
Founded in 2016, MUSA's innovative transaction platform provides dealers and consumers with the most advanced leasing options in the industry. MUSA takes applications, calculates leases, auto-decisions applications, provides approvals back to dealer partners and prefills lease contracts accurately. Approvals can occur in seconds. As a result of its proprietary technology, MUSA was awarded a contract by Tesla Motors to become a national leasing partner in 2018.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
Tuesday, July 28, 2020 9:00 AM
Royal Administration Services, Inc., National Provider of Vehicle Service Contracts & Insurance Related Products, Enters Into PowerBand Referral Agreement
VANCOUVER, BC / ACCESSWIRE / July 28, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that Royal Administration Services, Inc. ("Royal Admin"), a provider of automotive insurance products across the United States, will be recommending dealers use the PowerBand virtual transaction platform for drivers and dealers.
Royal Admin entered the agreement with PowerBand's strategic partner and investor, Texas-based D&P Holdings, Inc. ("D&P"). Under the agreement Royal Admin will direct dealerships to the PowerBand digital transaction platform, which allows drivers and dealers to buy, sell, lease and trade vehicles from a smart phone and other digital devices, as easily as buying a product on Amazon.
Founded more than 30 years ago, Royal Admin is licensed in all 50 states and has access to more than 80,000 vehicle service centers across the United States. Royal Admin will receive a fee for each referral.
"This is a further extension of our ability to offer insurance and warranty products to drivers and dealers on the PowerBand digital transaction platform," said PowerBand CEO Kelly Jennings. "We now have a network of partners in the automotive insurance sector who will be referring PowerBand to thousands of dealers, who can reach millions of consumers."
Previously, PowerBand announced that the Comprehensive Auto Resources Company, Inc. ("CARco"), one of the United States' leading administrators of automobile protection products, will be promoting PowerBand's virtual transaction platform to auto dealers across the United States.
CARco, which works with six national insurance companies and more than 1,000 agents, is also working with D&P Holdings, Inc. ("D&P"). D&P is one of the United States' largest administrators of automotive warranty and insurance products, directly working with more than 850 dealerships in all 50 states. It has partnered with the Company, allowing drivers to now have access to Royal Admin, CARco and D&P vehicle protection and insurance products when they buy, lease, sell or trade vehicles on PowerBand.
"PowerBand is an entirely new way for drivers to acquire or sell a car and we wanted to be part of this industry breakthrough," said Dominic Sansone, EVP Royal Admin. "We are confident that dealers will be motivated to offer our products to their customers across America using PowerBand."
PowerBand's U.S. leasing operation, operated by MUSA Holdings, LLC ("MUSA"), which PowerBand acquired a 60 per cent share of in July 2019, began lease originations this month in Texas and Florida, with a California launch planned imminently. More U.S. states will follow in 2020.
Founded in 2016, MUSA's innovative transaction platform provides dealers and consumers with the most advanced leasing options in the industry. MUSA takes applications, calculates leases, auto-decisions applications, provides approvals back to dealer partners and prefills lease contracts accurately. Approvals can occur in seconds. As a result of its proprietary technology, MUSA was awarded a contract by Tesla Motors to become a national leasing partner in 2018.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
POWERBAND ACQUIRES 60% OF INTELLACAR SOLUTIONS, LLC
PowerBand Adds IntellaCar, the Leading iPad Solution for Automotive Dealers and Drivers, to its Virtual Transaction Platform
VANCOUVER, BC / ACCESSWIRE / October 28, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that on October 28, 2020, DRIVRZ US, LLC.("DRIVRZ US"), a wholly-owned subsidiary of Powerband Solutions US Inc. ("PowerBand US"), has signed a Membership Interest Purchase Agreement ("Purchase Agreement") to acquire 60% of IntellaCar Solutions, LLC. ("IntellaCar"). The aggregate consideration to be paid by DRIVRZ is USD$1.5 million in cash, and 2 million common shares of PBX, for a total purchase price of CDN$2.42 million (based on a deemed issuance price of CDN$0.225 per share, and current foreign exchange rates). The purchase price was negotiated at arm's length.
IntellaCar, which is now being used by car dealerships in the United States, allows automotive dealers and consumers to price and purchase vehicles on a tablet or website.
IntellaCar also has an extensive video and brochure library of vehicles, enabling users to see the model of car they are buying and review a vehicle's details dating back to 2010 model years. It also enables trade-ins. For automotive dealers, IntellaCar has been shown to increase sales, boost productivity and efficiency, and generate higher finance and insurance uptakes.
"With IntellaCar we now have an incredibly user-friendly platform that dealers and consumers can use in a dealership, or from any location, to search, finance and purchase a vehicle," said PowerBand CEO Kelly Jennings. "PowerBand will offer access to more than 4.5 million new and used vehicles and IntellaCar is the simple-to-use interface that makes buying, selling, leasing and financing a car as easy as buying something on Amazon."
All of the key aspects of automotive retail have been centralized onto PowerBand's virtual transaction platform, being branded under DRIVRZ. Auto dealers and drivers can now buy, sell, trade-in and lease or finance their cars or trucks on a smart phone, or other digital device, from any location.
"I have been in the auto industry for 30 years and there is nothing like Powerband and DRIVRZ on the market," said IntellaCar Chairman John Canales. "This is true, one-stop shopping for people, putting the power to buy, sell, lease and finance a car or truck at their fingertips."
Under the Purchase Agreement the cash portion of USD $1,500,000 will be satisfied by a payment of USD $500,000 upon closing, and the execution of two non-interest bearing promissory notes. The first promissory note for USD $600,000 has a maturity date of December 31, 2020. The second promissory note for USD $400,000 has a maturity date of March 31, 2021.
At closing, 1 million common shares of PBX will be issued to John Canales, Chairman of IntellaCar, and 1 million shares will be issued to Bruce Polkes, President and CEO of IntellaCar. The shares will have a minimum four month hold period and will be subject to a restriction legend under SEC Rule 144.
IntellaCar's leadership team will remain in place and continue to operate under the guidance of PowerBand and DRIVRZ. DRIVRZ will appoint three members to IntellaCar's five-member Board of Directors, with Mr. Canales and Mr. Polkes being the other two members.
The acquisition of IntellaCar is an arm's length transaction. There are no finder's fees payable as a result of the transaction. The acquisition is subject to the approval of the TSX Venture Exchange.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
View source version on accesswire.com:
https://www.accesswire.com/613021/PowerBand-Acquires-60-of-I…
ACCESSWIRE
October 28, 2020 - 3:00 PM PDT
News by QuoteMedia
www.quotemedia.com
PowerBand Adds IntellaCar, the Leading iPad Solution for Automotive Dealers and Drivers, to its Virtual Transaction Platform
VANCOUVER, BC / ACCESSWIRE / October 28, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that on October 28, 2020, DRIVRZ US, LLC.("DRIVRZ US"), a wholly-owned subsidiary of Powerband Solutions US Inc. ("PowerBand US"), has signed a Membership Interest Purchase Agreement ("Purchase Agreement") to acquire 60% of IntellaCar Solutions, LLC. ("IntellaCar"). The aggregate consideration to be paid by DRIVRZ is USD$1.5 million in cash, and 2 million common shares of PBX, for a total purchase price of CDN$2.42 million (based on a deemed issuance price of CDN$0.225 per share, and current foreign exchange rates). The purchase price was negotiated at arm's length.
IntellaCar, which is now being used by car dealerships in the United States, allows automotive dealers and consumers to price and purchase vehicles on a tablet or website.
IntellaCar also has an extensive video and brochure library of vehicles, enabling users to see the model of car they are buying and review a vehicle's details dating back to 2010 model years. It also enables trade-ins. For automotive dealers, IntellaCar has been shown to increase sales, boost productivity and efficiency, and generate higher finance and insurance uptakes.
"With IntellaCar we now have an incredibly user-friendly platform that dealers and consumers can use in a dealership, or from any location, to search, finance and purchase a vehicle," said PowerBand CEO Kelly Jennings. "PowerBand will offer access to more than 4.5 million new and used vehicles and IntellaCar is the simple-to-use interface that makes buying, selling, leasing and financing a car as easy as buying something on Amazon."
All of the key aspects of automotive retail have been centralized onto PowerBand's virtual transaction platform, being branded under DRIVRZ. Auto dealers and drivers can now buy, sell, trade-in and lease or finance their cars or trucks on a smart phone, or other digital device, from any location.
"I have been in the auto industry for 30 years and there is nothing like Powerband and DRIVRZ on the market," said IntellaCar Chairman John Canales. "This is true, one-stop shopping for people, putting the power to buy, sell, lease and finance a car or truck at their fingertips."
Under the Purchase Agreement the cash portion of USD $1,500,000 will be satisfied by a payment of USD $500,000 upon closing, and the execution of two non-interest bearing promissory notes. The first promissory note for USD $600,000 has a maturity date of December 31, 2020. The second promissory note for USD $400,000 has a maturity date of March 31, 2021.
At closing, 1 million common shares of PBX will be issued to John Canales, Chairman of IntellaCar, and 1 million shares will be issued to Bruce Polkes, President and CEO of IntellaCar. The shares will have a minimum four month hold period and will be subject to a restriction legend under SEC Rule 144.
IntellaCar's leadership team will remain in place and continue to operate under the guidance of PowerBand and DRIVRZ. DRIVRZ will appoint three members to IntellaCar's five-member Board of Directors, with Mr. Canales and Mr. Polkes being the other two members.
The acquisition of IntellaCar is an arm's length transaction. There are no finder's fees payable as a result of the transaction. The acquisition is subject to the approval of the TSX Venture Exchange.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 - being trademarked under DRIVRZ - is being made available across North American and global markets.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: PowerBand Solutions Inc.
View source version on accesswire.com:
https://www.accesswire.com/613021/PowerBand-Acquires-60-of-I…
ACCESSWIRE
October 28, 2020 - 3:00 PM PDT
News by QuoteMedia
www.quotemedia.com
Interessante Kursentwicklung. Da liegt meiner Meinung nach noch viel mehr drin.
Trading Spotlight
MUSA AUTO FINANCE PARTNERS WITH TWO LARGE FINANCIAL INSTITUTIONS AND IS SIGNING UP DEALERS AT A RECORD PACE
DALLAS, Nov. 3, 2020
, /PRNewswire/ -- MUSA Auto Finance, an automotive finance and technology lender specializing in effortless leasing, has announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
"We are excited to continue MUSA's growth through this exclusive, and we believe, first-of-its-kind funding arrangement. We remain committed to increasing the use of what we call intelligent automation here at MUSA. In fact, our proprietary leasing and lending platform is very popular with our dealer partners nationwide," said , CEO of MUSA Auto Finance.
"My team and I specialize in new and used auto leasing, which has consistently been the biggest growth sector of auto finance for the past several decades. Leasing performs remarkably well in any type of economy when structured properly," Morgan said. "In addition, MUSA's technology and platform have been enhanced to serve higher demand and market expansion, such as retail auto loans; direct-to-consumer for our lease returns; and a fully remote leasing and loan experience that can be executed beginning to end, from anywhere. Our team includes some of the best the industry has to offer, and I intend to make more exciting announcements in the weeks and months to come."
Since its inception, MUSA has automated the time-consuming, manual processes traditionally associated with leasing and buying a vehicle. One of MUSA's technology platforms processes the application, calculates the lease, auto-decisions the application, provides an approval back to the dealer partner, and accurately pre-fills the lease contract in seconds. Automated approvals normally occur in just a few seconds, and consumers can even upload supporting documents via their mobile device.
About MUSA Auto Finance
MUSA Auto Finance is an auto finance company and a technology innovator in the new and pre-owned vehicle industry. The company originates its customers from franchised and select independent dealers.
In 2019, MUSA partnered with PowerBand Solutions, Inc. (TSXV: PBX) (OTCQB: PWWBF) ( : 1ZVA) ("PowerBand", "PBX" or the "Company").
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/musa-auto-finance-pa…
SOURCE MUSA Auto Finance
PR Newswire
November 3, 2020 - 5:00 AM PST
News by QuoteMedia
www.quotemedia.com
DALLAS, Nov. 3, 2020
, /PRNewswire/ -- MUSA Auto Finance, an automotive finance and technology lender specializing in effortless leasing, has announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
"We are excited to continue MUSA's growth through this exclusive, and we believe, first-of-its-kind funding arrangement. We remain committed to increasing the use of what we call intelligent automation here at MUSA. In fact, our proprietary leasing and lending platform is very popular with our dealer partners nationwide," said , CEO of MUSA Auto Finance.
"My team and I specialize in new and used auto leasing, which has consistently been the biggest growth sector of auto finance for the past several decades. Leasing performs remarkably well in any type of economy when structured properly," Morgan said. "In addition, MUSA's technology and platform have been enhanced to serve higher demand and market expansion, such as retail auto loans; direct-to-consumer for our lease returns; and a fully remote leasing and loan experience that can be executed beginning to end, from anywhere. Our team includes some of the best the industry has to offer, and I intend to make more exciting announcements in the weeks and months to come."
Since its inception, MUSA has automated the time-consuming, manual processes traditionally associated with leasing and buying a vehicle. One of MUSA's technology platforms processes the application, calculates the lease, auto-decisions the application, provides an approval back to the dealer partner, and accurately pre-fills the lease contract in seconds. Automated approvals normally occur in just a few seconds, and consumers can even upload supporting documents via their mobile device.
About MUSA Auto Finance
MUSA Auto Finance is an auto finance company and a technology innovator in the new and pre-owned vehicle industry. The company originates its customers from franchised and select independent dealers.
In 2019, MUSA partnered with PowerBand Solutions, Inc. (TSXV: PBX) (OTCQB: PWWBF) ( : 1ZVA) ("PowerBand", "PBX" or the "Company").
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/musa-auto-finance-pa…
SOURCE MUSA Auto Finance
PR Newswire
November 3, 2020 - 5:00 AM PST
News by QuoteMedia
www.quotemedia.com
PowerBand Signs Letter of Intent With CB Auto Group
More than 67 Million U.S. Consumers will have access to DRIVRZ, PowerBand’s Virtual Transaction Platform to buy, lease, sell and trade cars and trucks
VANCOUVER, British Columbia (November 4, 2020) — PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) ("PowerBand", “PBX” or the "Company”) is pleased to announce that it has signed a Letter of Intent to partner with CB Auto Group, Inc. (“CB Auto”) that will give CB Auto’s membership direct access to DRIVRZ, PowerBand’s virtual platform to buy, lease, sell and trade cars and trucks.
Under the proposed agreement, CB Auto’s membership — consisting of more than 67 million people — will be directed to DRIVRZ when they are looking to acquire new or used vehicles. Additionally, PowerBand will be able to market DRIVRZ, along with associated services and products, exclusively to that membership.
“This partnership will put DRIVRZ in front of millions of U.S. consumers, who will be able to buy, lease, sell, trade and finance a car and truck from their smart phone, as easily as buying a product on Amazon,” said PowerBand CEO Kelly Jennings. “This is another important step in the commercialization of DRIVRZ.”
Founded in 2016, CB Auto Group provides union members and their families access to the Union Auto Program, which offers car-buying services, free benefits, fair pricing and protective products, all designed to provide transparency and confidence when they purchase or lease a new or used vehicle.
CB Auto has access to more than 43 million union members and their families in its customer base. There are also more than 24 million “affinity” members from other associations, such as the alumni of Georgia Tech, the University of Tennessee, ADP, Nike and many others, bringing CB Auto’s total consumer base to more than 67 million.
Based on NADA data, union members alone are presently buying over 3.4 million vehicles from franchise dealers nationwide.
CB Auto augmented its automotive program in 2020 by launching the CB Absolute Advantage, which the company describes as “a member benefits program that provides medium to large businesses, alumni groups, affinity groups, and more, with this concierge car-buying service, along with additional savings and benefit options unlike anything in the automotive industry.” DRIVRZ will now be offered in that program.
PowerBand has created DRIVRZ to enable drivers and automotive dealers to easily buy, sell, lease, trade and finance vehicles from a smart phone, tablet or computer, from any location. Using DRIVRZ, consumers and auto dealers will have access to more than 4.5 million new and used vehicles, financing and insurance products, a one-stop virtual hub for automotive retail.
Under the terms of the Letter of Intent, the Company is to acquire 15% of the outstanding securities (the “Shares”) of CB Auto. The cash purchase price for the Shares is USD $5 million. A USD $50,000 down payment is being made in connection with the execution of the Letter of Intent, following which USD $2 million (minus the deposit) of the cash purchase price is to be paid upon closing of the transaction, a second cash payment of USD $1.5 million will be paid on March 31, 2021, and a third and final payment of USD $1.5 million will be paid on June 30, 2021. The Company will also issue 750,000 share purchase warrants (“Warrants”) entitling CB Auto to acquire common shares of the Company. 300,000 of the Warrants have an exercise price of CDN $0.30 and will issued upon closing, 225,000 Warrants will be issued on March 31, 2021, and the final 225,000 Warrants will be issued on June 30, 2021. The exercise price for the second and third tranche of issued warrants will be based on the Company’s market price according to TSX Venture Exchange (“TSXV”) policies at the time of issuance. All of the Warrants will have a term of 36 months from the closing date. Any common shares of the Company issued from the exercise of the Warrants will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issuance of the Warrants. The issuance of the Warrants will be subject to the approval of the TSXV. In addition, the Company will be granted an 18 month option to purchase up to an additional 15% of the Shares of CB Auto based on a valuation of CB Auto USD $40 million and dependent on certain other performance criteria as determined in the definitive agreement to be entered into.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 — being trademarked under DRIVRZ — is being made available across North American and global markets.
The completion of the transactions described herein are subject to the negotiating and entering into of definitive legal documentation, and the satisfaction of conditions precedent. There can be no guarantees that the acquisition will be completed.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
More than 67 Million U.S. Consumers will have access to DRIVRZ, PowerBand’s Virtual Transaction Platform to buy, lease, sell and trade cars and trucks
VANCOUVER, British Columbia (November 4, 2020) — PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) ("PowerBand", “PBX” or the "Company”) is pleased to announce that it has signed a Letter of Intent to partner with CB Auto Group, Inc. (“CB Auto”) that will give CB Auto’s membership direct access to DRIVRZ, PowerBand’s virtual platform to buy, lease, sell and trade cars and trucks.
Under the proposed agreement, CB Auto’s membership — consisting of more than 67 million people — will be directed to DRIVRZ when they are looking to acquire new or used vehicles. Additionally, PowerBand will be able to market DRIVRZ, along with associated services and products, exclusively to that membership.
“This partnership will put DRIVRZ in front of millions of U.S. consumers, who will be able to buy, lease, sell, trade and finance a car and truck from their smart phone, as easily as buying a product on Amazon,” said PowerBand CEO Kelly Jennings. “This is another important step in the commercialization of DRIVRZ.”
Founded in 2016, CB Auto Group provides union members and their families access to the Union Auto Program, which offers car-buying services, free benefits, fair pricing and protective products, all designed to provide transparency and confidence when they purchase or lease a new or used vehicle.
CB Auto has access to more than 43 million union members and their families in its customer base. There are also more than 24 million “affinity” members from other associations, such as the alumni of Georgia Tech, the University of Tennessee, ADP, Nike and many others, bringing CB Auto’s total consumer base to more than 67 million.
Based on NADA data, union members alone are presently buying over 3.4 million vehicles from franchise dealers nationwide.
CB Auto augmented its automotive program in 2020 by launching the CB Absolute Advantage, which the company describes as “a member benefits program that provides medium to large businesses, alumni groups, affinity groups, and more, with this concierge car-buying service, along with additional savings and benefit options unlike anything in the automotive industry.” DRIVRZ will now be offered in that program.
PowerBand has created DRIVRZ to enable drivers and automotive dealers to easily buy, sell, lease, trade and finance vehicles from a smart phone, tablet or computer, from any location. Using DRIVRZ, consumers and auto dealers will have access to more than 4.5 million new and used vehicles, financing and insurance products, a one-stop virtual hub for automotive retail.
Under the terms of the Letter of Intent, the Company is to acquire 15% of the outstanding securities (the “Shares”) of CB Auto. The cash purchase price for the Shares is USD $5 million. A USD $50,000 down payment is being made in connection with the execution of the Letter of Intent, following which USD $2 million (minus the deposit) of the cash purchase price is to be paid upon closing of the transaction, a second cash payment of USD $1.5 million will be paid on March 31, 2021, and a third and final payment of USD $1.5 million will be paid on June 30, 2021. The Company will also issue 750,000 share purchase warrants (“Warrants”) entitling CB Auto to acquire common shares of the Company. 300,000 of the Warrants have an exercise price of CDN $0.30 and will issued upon closing, 225,000 Warrants will be issued on March 31, 2021, and the final 225,000 Warrants will be issued on June 30, 2021. The exercise price for the second and third tranche of issued warrants will be based on the Company’s market price according to TSX Venture Exchange (“TSXV”) policies at the time of issuance. All of the Warrants will have a term of 36 months from the closing date. Any common shares of the Company issued from the exercise of the Warrants will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issuance of the Warrants. The issuance of the Warrants will be subject to the approval of the TSXV. In addition, the Company will be granted an 18 month option to purchase up to an additional 15% of the Shares of CB Auto based on a valuation of CB Auto USD $40 million and dependent on certain other performance criteria as determined in the definitive agreement to be entered into.
About PowerBand Solutions Inc.
PowerBand Solutions Inc., 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 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 — being trademarked under DRIVRZ — is being made available across North American and global markets.
The completion of the transactions described herein are subject to the negotiating and entering into of definitive legal documentation, and the satisfaction of conditions precedent. There can be no guarantees that the acquisition will be completed.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Richard Goldman, VP Corporate Development
P: 1-866-768-7653
rgoldman@powerbandsolutions.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Antwort auf Beitrag Nr.: 65.547.340 von boersenreportpunktcom am 30.10.20 11:37:33
Schön dass es bereits einen Thread gibt.
Ich greife mir mal den einzigen deutschen Satz raus.
Habe PWB seit Mitte Dezember 20 auf der Watch.
Die 0.28 ist genommen. Die stellt m.M.n. den stärkeren Widerstand dar als die kommende 32
Wenn die fällt könnte es richtig abgehen.
Am 29.12. hat der MACD die Signallinie nach oben gekreuzt, bleibt aber noch nahe dran. RSI mit knapp unter 70 ziemlich hoch.
Zitat von boersenreportpunktcom: Interessante Kursentwicklung. Da liegt meiner Meinung nach noch viel mehr drin.
Schön dass es bereits einen Thread gibt.
Ich greife mir mal den einzigen deutschen Satz raus.
Habe PWB seit Mitte Dezember 20 auf der Watch.
Die 0.28 ist genommen. Die stellt m.M.n. den stärkeren Widerstand dar als die kommende 32
Wenn die fällt könnte es richtig abgehen.
Am 29.12. hat der MACD die Signallinie nach oben gekreuzt, bleibt aber noch nahe dran. RSI mit knapp unter 70 ziemlich hoch.
Bisher war der heutige Einstieg zur rechten Zeit, doch nicht zu früh gefreut!
Aktuell wird gar an der 32 geknabbert
Nun die hier im Thread noch ausstehenden News.
Aktuell wird gar an der 32 geknabbert
Nun die hier im Thread noch ausstehenden News.
PowerBand Solutions Inc. (PBX.V)
TSXV - TSXV Real Time Price. Currency in CAD
4. Jan. 2021 0.32 +0.03 (+10.3448%)
As of 10:15AM EST. Market open.
Key Data
52 Week Range
0.08 - 0.32
Market Cap
$26.78M
Shares Outstanding
92.35M
Public Float
52.2M
Worum geht es?
PowerBand Solutions Inc., ein Technologieunternehmen, entwickelt, vermarktet und verkauft Online-Auktionssoftware und Finanzierungslösungen für die Automobilindustrie und andere Branchen in Kanada. Das Unternehmen bietet auch eine Reihe von Cloud-basierten Auktions- und Finanzierungsportal-Software-Tools an, darunter LiveNet Auction, ein Portal, das es Händlern ermöglicht, eine sofortige Online-Auktion zu erstellen, die ein gebrauchtes Fahrzeug einem Netzwerk von Gebrauchtwagenkäufern anbietet; und Marketplace Auction, die es Händlern, Händlergruppen, Vermietungs- und Leasingunternehmen ermöglicht, ein gebrauchtes Fahrzeug mit einer Beschreibung des Fahrzeugs, Fotos, Zustandsberichten und einem voreingestellten Mindestgebot auf die Website zu laden. Darüber hinaus bietet das Unternehmen Dynamic Appraisal, ein elektronisches Gebrauchtwagen-Bewertungssystem, Market Intelligence, das Autohändlern Marktpreisbewertungen für den Einzelhandel bietet, PowerDesk, ein Desking-Tool, das einen Händler bei der Vorbereitung von Zahlungsszenarien unterstützt, und ein Finanzportal. Der Hauptsitz von PowerBand Solutions Inc. befindet sich in Burlington, Kanada.
https://ca.finance.yahoo.com/quote/PBX.V?p=PBX.V&.tsrc=fin-s…
TSXV - TSXV Real Time Price. Currency in CAD
4. Jan. 2021 0.32 +0.03 (+10.3448%)
As of 10:15AM EST. Market open.
Key Data
52 Week Range
0.08 - 0.32
Market Cap
$26.78M
Shares Outstanding
92.35M
Public Float
52.2M
Worum geht es?
PowerBand Solutions Inc., ein Technologieunternehmen, entwickelt, vermarktet und verkauft Online-Auktionssoftware und Finanzierungslösungen für die Automobilindustrie und andere Branchen in Kanada. Das Unternehmen bietet auch eine Reihe von Cloud-basierten Auktions- und Finanzierungsportal-Software-Tools an, darunter LiveNet Auction, ein Portal, das es Händlern ermöglicht, eine sofortige Online-Auktion zu erstellen, die ein gebrauchtes Fahrzeug einem Netzwerk von Gebrauchtwagenkäufern anbietet; und Marketplace Auction, die es Händlern, Händlergruppen, Vermietungs- und Leasingunternehmen ermöglicht, ein gebrauchtes Fahrzeug mit einer Beschreibung des Fahrzeugs, Fotos, Zustandsberichten und einem voreingestellten Mindestgebot auf die Website zu laden. Darüber hinaus bietet das Unternehmen Dynamic Appraisal, ein elektronisches Gebrauchtwagen-Bewertungssystem, Market Intelligence, das Autohändlern Marktpreisbewertungen für den Einzelhandel bietet, PowerDesk, ein Desking-Tool, das einen Händler bei der Vorbereitung von Zahlungsszenarien unterstützt, und ein Finanzportal. Der Hauptsitz von PowerBand Solutions Inc. befindet sich in Burlington, Kanada.
https://ca.finance.yahoo.com/quote/PBX.V?p=PBX.V&.tsrc=fin-s…
Welcome to DRIVRZ
November 9, 2020
https://ca.finance.yahoo.com/news/welcome-drivrz-140000856.h…
Drivers Using DRIVRZ to Get 14-Days to Return a Car or Truck They Don't Like
November 12, 2020
https://ca.finance.yahoo.com/news/drivers-using-drivrz-14-da…
PowerBand Executes Definitive Agreement With CB Auto Group
November 30, 2020
https://ca.finance.yahoo.com/news/powerband-executes-definit…
PowerBand Announces Filing of Quarterly Financial Statements
December 1, 2020
https://ca.finance.yahoo.com/news/powerband-announces-filing…
PowerBand Reports $17.7 Million In Gross Vehicle Sales And Lease Transactions
December 14, 2020
https://ca.finance.yahoo.com/news/powerband-reports-17-7-mil…
PowerBand's U.S. Leasing Division, MUSA, Now Being Offered in 22 States
https://ca.finance.yahoo.com/news/powerbands-u-leasing-divis…
Three Company Consortium to Revolutionize the Auto Buying Experience for Millions of Union and Affinity Group Members
December 22, 2020
https://ca.finance.yahoo.com/news/three-company-consortium-r…
_____________________________________________________________________
Reichlich Lesestoff über eine wie ich finde spannende Entwicklung.
November 9, 2020
https://ca.finance.yahoo.com/news/welcome-drivrz-140000856.h…
Drivers Using DRIVRZ to Get 14-Days to Return a Car or Truck They Don't Like
November 12, 2020
https://ca.finance.yahoo.com/news/drivers-using-drivrz-14-da…
PowerBand Executes Definitive Agreement With CB Auto Group
November 30, 2020
https://ca.finance.yahoo.com/news/powerband-executes-definit…
PowerBand Announces Filing of Quarterly Financial Statements
December 1, 2020
https://ca.finance.yahoo.com/news/powerband-announces-filing…
PowerBand Reports $17.7 Million In Gross Vehicle Sales And Lease Transactions
December 14, 2020
https://ca.finance.yahoo.com/news/powerband-reports-17-7-mil…
PowerBand's U.S. Leasing Division, MUSA, Now Being Offered in 22 States
https://ca.finance.yahoo.com/news/powerbands-u-leasing-divis…
Three Company Consortium to Revolutionize the Auto Buying Experience for Millions of Union and Affinity Group Members
December 22, 2020
https://ca.finance.yahoo.com/news/three-company-consortium-r…
_____________________________________________________________________
Reichlich Lesestoff über eine wie ich finde spannende Entwicklung.
Läuft gut bisher.
Hallo zusammen,
anbei das Interview mit Interview W/ CEO Kelly Jennings von gestern:
Ich fand es sehr interessant. Bisher wurde die Präsentation auf der Website noch nicht aktualisiert.
VG
anbei das Interview mit Interview W/ CEO Kelly Jennings von gestern:
Ich fand es sehr interessant. Bisher wurde die Präsentation auf der Website noch nicht aktualisiert.
VG
Von heute:
Ja sieht gut aus. Hoffe PBX kann das Angekündigte auch umsetzten...
und schon geht es weiter:
PowerBand Adds Software Enhancements to Optimize the Consumer and Dealer Experience
Thu., January 14, 2021
https://ca.finance.yahoo.com/news/powerband-adds-software-en…
PowerBand fügt Software-Erweiterungen hinzu, um das Kunden- und Händlererlebnis zu optimieren
Kelly Jennings, CEO von PowerBand, kommentiert: "Der Online-Kunde von heute möchte Einfachheit, Transparenz und Bequemlichkeit in einer nahtlosen Transaktion. Wir alle haben schon einmal die Frustration erlebt, eine Online-Transaktion nicht abschließen zu können, nachdem wir viele der erforderlichen Daten eingegeben haben. Es gibt nichts Ärgerlicheres, als immer wieder von vorne anfangen zu müssen. Unsere neue Softwareerweiterung ermöglicht es dem Kunden, schnell und einfach seine Transaktion fortzusetzen und abzuschließen, auch wenn er die Website verlassen oder im Autohaus weiterarbeiten muss - er kann genau dort beginnen, wo er aufgehört hat. Auch unsere Händler können über unser Portal auf die Transaktionselemente zugreifen. Wir freuen uns, dass unsere Plattformverbesserungen diese Reibungspunkte beseitigen, die die meisten Verbraucher bei Online-Transaktionen frustrieren.
PowerBand Adds Software Enhancements to Optimize the Consumer and Dealer Experience
Thu., January 14, 2021
https://ca.finance.yahoo.com/news/powerband-adds-software-en…
PowerBand fügt Software-Erweiterungen hinzu, um das Kunden- und Händlererlebnis zu optimieren
Kelly Jennings, CEO von PowerBand, kommentiert: "Der Online-Kunde von heute möchte Einfachheit, Transparenz und Bequemlichkeit in einer nahtlosen Transaktion. Wir alle haben schon einmal die Frustration erlebt, eine Online-Transaktion nicht abschließen zu können, nachdem wir viele der erforderlichen Daten eingegeben haben. Es gibt nichts Ärgerlicheres, als immer wieder von vorne anfangen zu müssen. Unsere neue Softwareerweiterung ermöglicht es dem Kunden, schnell und einfach seine Transaktion fortzusetzen und abzuschließen, auch wenn er die Website verlassen oder im Autohaus weiterarbeiten muss - er kann genau dort beginnen, wo er aufgehört hat. Auch unsere Händler können über unser Portal auf die Transaktionselemente zugreifen. Wir freuen uns, dass unsere Plattformverbesserungen diese Reibungspunkte beseitigen, die die meisten Verbraucher bei Online-Transaktionen frustrieren.
Hui!!!
Hier komme nicht nach.
Einstieg am 4. Januar, also vor 2 Wochen.
Läuft fast zu gut, ich werde mich spontan durchringen müssen, Teilgewinne zu sichern.
Eine schwere, letztendlich aber angenehme Entscheidung.
In der nächsten Woche sollen die Zahlen für Dezember 2020 gemeldet werden. Laut Kelly Jennings ist es geplant, monatlich ein Zahlenupdate zu liefern.
Leider gibt es noch kein Update der Corporate Presentation. In dem Interview wird der Forecast bis 2025 gezeigt. Dort wird ein "consolidated net income" von ca. 60 Mio. USD angenommen. Was aber nach Einschätzung von Kelly Jennings als eher sehr konservative Annahme gilt. Zumindest hat man mal Annahmen getroffen, was bei den vielen CAD-Buden ja oft nicht der Fall ist. Bin auf jeden Fall gespannt ob PBX die Versprechungen auch umsetzt. Wird ein spannendes Jahr...
VG
VG
Antwort auf Beitrag Nr.: 66.555.629 von K-J-C am 22.01.21 08:47:44Gestern zum Ende des Handels in CAD noch schön hoch gelaufen. :-)
https://www.gurufocus.com/news/1338814/powerband-announces-5…
Das tut natürlich weh...Denke aber an der mittelfristigen Perspektive ändert das nichts. Aber Verwässerungen ist zu dem Preis ist nicht schön. Ursprünglich sollten wohl sogar 15 Millionen USD über neue Aktien eingesammelt werden, wurde aber wohl noch auf 5 Millionen USD reduziert. Bei dem aktuellen rd. 170 Mio. Aktien ist die Verwässerungen dann „nur“ rd. 10-12 %.
VG
Das tut natürlich weh...Denke aber an der mittelfristigen Perspektive ändert das nichts. Aber Verwässerungen ist zu dem Preis ist nicht schön. Ursprünglich sollten wohl sogar 15 Millionen USD über neue Aktien eingesammelt werden, wurde aber wohl noch auf 5 Millionen USD reduziert. Bei dem aktuellen rd. 170 Mio. Aktien ist die Verwässerungen dann „nur“ rd. 10-12 %.
VG
Schade, heute früh wäre man noch einmal zu 0,35 EUR reingekommen...
Heute auf Youtube, Interview mit dem neuen CFO Jon Lamb:
Zusammenfassung des letzten Interviews:
Komisch die Aktie scheint hier bei WO niemanden zu interessieren, dabei geht die seit Wochen durch die Decke....
VG
VG
Interview von heute mit CEO Kelly Jennings:
Sind ne menge News reingekommen. Der Kursverlauf sieht auch gut aus. Evtl. geht es noch einmal Richtung 0,93 CAD, da wäre Gap-Close und dann Richtung 1,50 CAD.
(Nur meine Meinung, keine Anlageberatung :-) )
(Nur meine Meinung, keine Anlageberatung :-) )
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