PowerBand Engages Investor Relations Service Provider North Equities
PowerBand Solutions Inc (OTCQB: PWWBF) has entered a 12-month marketing and consulting contract with North Equities Corp to enhance its online presence. The contract, effective from February 1, 2022, involves payments of CAD $100,000 every six months and the issuance of stock options. These options, totaling 150,000 per six months, will have an exercise price of CAD $0.71 and will vest over a year. CEO Kelly Jennings expressed confidence in North Equities’ ability to broaden the company’s audience across social media platforms.
- Engagement of North Equities Corp for marketing enhances company's visibility.
- Investment in marketing could potentially lead to increased customer engagement and sales.
- Contract size may exert financial pressure due to CAD $100,000 semi-annual payments.
- Issuance of stock options could dilute existing shareholder value.
TORONTO, ON / ACCESSWIRE / February 4, 2022 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(FRA:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles is pleased to announce that on February 1, 2022 it entered into a 12-month marketing and consulting contract (the "Contract") with Toronto-based marketing firm, North Equities Corp. North Equities Corp. specializes in various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company's news.
In connection with the Contract, the Company will pay North Equities CAD
Kelly Jennings, founder, and CEO commented. "We are confident that North Equities will assist the Company in enhancing its online profile and exposing the DRIVRZ™ story to a much wider global audience on numerous social media and marketing platforms."
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
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.
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https://www.accesswire.com/687238/PowerBand-Engages-Investor-Relations-Service-Provider-North-Equities
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