PWWBF - NetworkNewsBreaks - PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Subsidiary to Provide Consumers Dealers Access to Extensive Lease Financing
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) this morning announced that MUSA Auto Finance, LLC ("MUSA"), its 60% controlled leasing platform in the United States, is expected to commence lease originations on its proprietary cloud-based platform for consumers and auto dealers in June. MUSA will enable consumers and dealers to access extensive funding facilities from national financial institutions through the platform, which is accessible on smart phones and other digital devices. In addition, the company has agreed to make PowerBand's virtual transaction platform, which includes MUSA, available to thousands of dealerships working with RouteOne LLC in the United States and Canada. RouteOne offers a broad range of finance and insurance tools, including credit applications, eContracting, digital retail and compliance. “This is a major advancement for MUSA and PowerBand,” MUSA Auto Finance CEO Jeff Morgan stated in the news release. “We have a proprietary auto lease platform that we believe is the first of its kind, and now we are finalizing exclusive agreements, with national financial institutions, so we can roll out our technology to dealers and consumers nationally.”
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About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based transaction platform facilitates transactions among consumers, dealers, funders and manufacturers (“OEMs”). The platform enables these entities to buy, sell, trade, finance and lease new and used, electric and nonelectric vehicles on smartphones or other online digital devices from any location. PowerBand’s transaction platform —trademarked under DRIVRZ — is being made available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
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