PowerBand Engages HDCPA Professional Corporation as Auditor

Rhea-AI Summary

PowerBand Solutions announces the appointment of HDCPA Professional as its new auditor, replacing MNP LLP. HDCPA, a CPA firm with offices in Toronto and Mississauga, is licensed with CPA Ontario and registered with the Canadian Public Accountability Board. The change of auditor was reviewed and approved by PowerBand's board of directors.

TORONTO, ON / ACCESSWIRE / April 11, 2024 / PowerBand Solutions (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX"or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is pleased to announce that HDCPA Professional Corporation ("HDCPA") has been retained by the Company to be its auditor.

HDCPA is a CPA firm with offices in Toronto and Mississauga and serves organizations across Canada and the U.S. HDCPA is a member of AMERISERV, a network of independent firms. HDCPA is licensed with CPA Ontario as a public accounting firm authorized to perform assurance engagements and is also registered with the Canadian Public Accountability Board (CPAB).

HDCPA will take over from MNP LLP ("MNP"), who resigned as the Company's auditors on their own initiative on December 29, 2023. The resignation of MNP and the appointment of HDCPA have been reviewed and approved by PowerBand's board of directors. MNP previously confirmed that there are no reportable events, "disagreements" or "unresolved issues" (as those terms are defined in National Instrument 51-102 - Continuous Disclosure Obligations) in connection with the change of auditor.

About PowerBand Solutions, Inc.

PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTC Pink markets, is a fintech provider disrupting the automotive industry. PowerBand's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. PowerBand's transaction platform - being trademarked under DRIVRZ™ - is being made available across the United States of America.

For further information, please contact:
Shibu Abraham
Chief Financial Officer and Director
E: info@powerbandsolutions.com
P: 1-866-768-7653

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", "believes" 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, and the ability of the Company to fill the board vacancies with independent directors, 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.

SOURCE: PowerBand Solutions Inc.

View the original press release on accesswire.com

FAQ

Who has been appointed as PowerBand Solutions' new auditor?

HDCPA Professional has been appointed as PowerBand Solutions' new auditor, replacing MNP LLP.

Where are HDCPA Professional 's offices located?

HDCPA Professional has offices in Toronto and Mississauga.

What network is HDCPA a member of?

HDCPA is a member of AMERISERV, a network of independent firms.

When did MNP LLP resign as PowerBand Solutions' auditors?

MNP LLP resigned as PowerBand Solutions' auditors on December 29, 2023.

Who approved the resignation of MNP LLP and the appointment of HDCPA?

PowerBand's board of directors reviewed and approved the resignation of MNP LLP and the appointment of HDCPA.