TORONTO, ON/ACCESSWIRE/February 4, 2022/ PowerBand Solutions Inc.. (TSXV: PBX)(OTCQB: PWWBF)(FRA: 1ZVA) (“power band“, “PABX“or the”Society“), a complete e-commerce solution transforming the online experience to sell, trade, lease and finance vehicles is pleased to announce that it has entered into a 12-month marketing and consulting contract on February 1, 2022 ( the “Contract“) with a Toronto-based marketing company, North Equities Corp. North Equities Corp. specializes in various social media platforms and will be able to facilitate greater awareness and wide dissemination of Society news.
Under the Agreement, the Company will pay North Equities CA$100,000 per 6 month period. In addition, the Company will issue 150,000 stock options per 6 month period to North Equities pursuant to the Company’s stock option plan. The options have an exercise price of C$0.71 and will vest over 12 months, with 25% vesting immediately and 25% vesting every 3 months thereafter. The contract can be terminated before the 6 month mark of the campaign. North Equities does not currently hold any shares of the Company.
Kelly Jennings, Founder and CEO commented. “We are confident that North Equities will help the company raise its online profile and expose the DRIVRZ™ story to a much wider global audience across many social media and marketing platforms.”
About PowerBand Solutions Inc.
PowerBand Solutions Inc., listed on the TSX Venture Exchange and OTCQB markets, is a financial technology provider disrupting the automotive industry. PowerBand’s integrated cloud-based transaction platform facilitates transactions between consumers, resellers, backers and manufacturers (OEMs). It allows them to buy, sell, trade, finance and lease new and used vehicles, electric and non-electric, on any internet-connected phone, tablet or PC. PowerBand’s trading platform – registered as DRIVRZ™ – is available in North American and global markets.
For more information, please contact:
Chief executive officer
E: [email protected]
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 press release.
This press release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Company’s future plans and objectives, 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.
Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Accordingly, we cannot guarantee that any forward-looking statements 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 it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any of the forward-looking statements included, whether as a result 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 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 “United States Securities Act”) or any state securities law and may not be offered or sold in the United States unless registered under US law. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
THE SOURCE: PowerBand Solutions Inc.
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