PowerBand Announces Engagement of Investor Relations Services Provider, Arrowhead Business and Investment Decisions

Rhea-AI Summary

PowerBand Solutions has retained Arrowhead Business and Investment Decisions for investor relations services as of December 15, 2021. This partnership aims to enhance PowerBand's visibility in the international market and improve its equity story. Arrowhead will focus on expanding investor engagement and providing independent analysis. The initial term for these services runs until June 30, 2022, with a cash compensation of USD$50,000. PowerBand's DRIVRZ Platform has recently surpassed 1,000 dealer participants, indicating potential for future growth.

Positive

• Engagement of Arrowhead for investor relations signifies a strategic move to enhance market visibility.
• DRIVRZ Platform has recently hit over 1,000 dealer participants, suggesting increasing adoption and growth potential.

Negative

• None.

TORONTO, ON / ACCESSWIRE / December 21, 2021 / PowerBand Solutions, Inc. (TSXV:PBX)(OTCQB:PWWBF) ("PowerBand" or the "Company") is pleased to announce that it has retained Arrowhead Business and Investment Decisions, LLC. ("Arrowhead") to provide investor relations services to the Company and develop its international market awareness. The agreement was executed on December 15^th, 2021.

Arrowhead will advise PowerBand on its international capital markets strategy and has been engaged to, among other matters, (i) expand the following of the Company and the involvement of the investment community in its equity story; (ii) advise on messaging and review and revise corporate materials; (iii) provide independent perspective and valuation on the company; and (iv) assist with long-term investor relationship management. Arrowhead will work closely with PowerBand to develop and deploy a comprehensive international investor marketing program, which will include the publication of independent analysis, investor targeting, corporate disclosure distribution, non-deal roadshows, reporting and strategic advisory.

Arrowhead is headquartered in New York City and was founded in 2008. Arrowhead advises public companies on investor relations, financial communications, and capital markets strategies. As a cross-border specialist, Arrowhead provides idea generation, insight, and corporate access to an international network of institutional and private investors. Through targeting, research and interactions, Arrowhead helps corporations and investors to evaluate opportunities, connect, exchange information, and transact.

Arrowhead will provide services for an initial committed term from December 15^th, 2021, ending June 30^th, 2022. Cash compensation for the services will be USD$50,000. Arrowhead is not related to the Company and has no interest, directly or indirectly, in the Company or its securities.

Kelly Jennings, CEO commented: "We are delighted to engage Arrowhead and think they are the right partner to help expand the reach of our investor relations program as we start the journey in 2022, which we believe will be another breakthrough year for PowerBand".

Daniel Renaud, Managing Director at Arrowhead added: "This is an important time for PowerBand Solutions, with the DRIVRZ Platform having just crossed the 1,000-dealer participation mark, and the company appears poised for future growth. We are very excited to partner with PowerBand Solutions now and collaborate to make the company better known within the North American and international investment community. We believe many investors will find the information we provide on PowerBand valuable and that we can significantly increase investor engagement in 2022 and beyond."

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 any phone, tablet or PC connected to the internet. PowerBand's transaction platform - being trademarked under DRIVRZ™- is being made available across North American and global markets.

For further information, please contact:

Kelly Jennings
Chief Executive Officer
E: info@powerbandsolutions.com
P: 1-866-768-7653

For more information on Arrowhead, please visit arrowheadbid.com and/or contact:

Thomas Renaud
Managing Director
42 Broadway, 17th Floor
New York, NY 10004
Office: +1 212 619-6889
enquire@arrowheadbid.com

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.

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/678776/PowerBand-Announces-Engagement-of-Investor-Relations-Services-Provider-Arrowhead-Business-and-Investment-Decisions

FAQ

What is the purpose of PowerBand's engagement with Arrowhead?

PowerBand has engaged Arrowhead to enhance its investor relations and international market visibility.

When did PowerBand engage Arrowhead for investor relations?

The engagement began on December 15, 2021.

How much is PowerBand paying Arrowhead for their services?

PowerBand has committed USD$50,000 for Arrowhead's investor relations services.

What is the term length for Arrowhead's engagement with PowerBand?

The initial term for Arrowhead's services is from December 15, 2021, to June 30, 2022.

What milestone has PowerBand's DRIVRZ Platform achieved recently?

PowerBand's DRIVRZ Platform has surpassed 1,000 dealer participants.