VANCOUVER, BC / March 31, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FRA1ZVA) (“PowerBand “, “PBX” or the “Company“), an innovative automotive fintech leader providing digital and virtual platform solutions to buy, sell, trade, lease, or finance vehicles to consumers, dealers, and OEMs, is pleased to announce the appointment of Craig Vaughn as President of MUSA Auto Finance (“MUSA”).
MUSA is the lending and leasing component of PowerBand’s DRIVRZ™ virtual marketplace, where leases can be approved for drivers and automotive dealers in seconds. In his role, Mr. Vaughn will report to Jon Lamb, the CEO of MUSA Auto Finance and President of PowerBand North American Operations.
Craig brings senior executive experience leading national and regional variable and fixed operations business units for public and privately-owned organizations, including Asbury Automotive, a Fortune 500 retailer. Additionally, he spent two years in Beijing, China as Vice President Variable Operations for NCGA / Yan Jun Auto. In those assignments, Craig developed meaningful relationships with a substantial number of the largest public and private dealership, finance, insurance, and warranty groups in the US.
Kelly Jennings, CEO of PowerBand, said: “We are extremely pleased Craig is leading this key component of the DRIVRZ™. His contributions will maximize our ability to capitalize on many opportunities that the Powerband organization has in North America and eventually other Global Markets. He brings an enviable wealth of knowledge and experience in the Automotive, Consumer, Finance, Warranty sectors. We are looking forward to his leadership as a key factor in our continued development and success of DRIVRZ™ and PowerBand.”
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 smart phones or any other online digital devices, from any location. PowerBand’s transaction platform – being trademarked under DRIVRZ™ – is being made available across North American and global markets.
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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.