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Powerband Provides Corporate Update


May 1, 2018

Vancouver, British Columbia – (Newsfile Corp. – May 1, 2018) - PowerBand Solutions Inc. (TSXV: PBX) (“PowerBand” or the “Company”) a leading online remarketing platform to buy and sell used vehicles, is pleased to provide the following financing and corporate development update for its shareholders.

PowerBand Solutions is addressing a need in the vast automotive remarketing industry, where over 40 million used vehicles are bought and sold in the United States alone each year, with 10 million of these vehicles being transacted through auctions. By utilizing emerging technologies PowerBand Solutions’ cloud-based “remarketing platform” provides its customers with a faster, more efficient and cost-effective method to buy and sell used vehicles. PowerBand’s CEO, Kelly Jennings, states: “PowerBand is transforming the automotive buy and sell experience. We are eliminating costly middlemen, overhead and the reliance on third party providers and empowering our customers to save significant time and money in acquiring and disposing vehicles through our online remarketing platform.  PowerBand is at the forefront of the new mobile-enabled automotive remarketing ecosystem.”

In addition to facilitating transactions between automotive dealerships, there are significant opportunities to pursue other vehicular segments, including: commercial and fleets, motorcycles, RVs, and heavy equipment. Powerband is committed to develop ongoing platform enhancements to address the needs of these markets.

We are pleased to report that we are making significant progress on many fronts:

Closing of Qualifying Transaction and Consolidation of Shares:

Expansion of Public Listings:

The automotive and vehicular sectors are fragmented worldwide, which provide opportunities for increased interest for financings, partnerships, and M&A potential. As a result, PowerBand has decided to increase its listings, globally, to enhance liquidity to expose the Company to new opportunities.

Partnerships & Geographic Expansion:

Personnel Hires & Corporate Governance:

Blockchain:

Investor Relations:

About PowerBand Solutions Inc.

PowerBand Solutions Inc. is a technology provider listed on the TSX Venture Exchange that is developing solutions for automotive and other industries that drive efficiency and transparency in the marketplace. PowerBand has developed and commercialized a leading-edge online remarketing platform that increases revenues and profit margins for its automotive dealership, Original Equipment Manufacturer, commercial fleet and rental company customers.

PowerBand’s remarketing platform, the PowerBand Exchange, incorporates the industry’s latest auction technologies, market intelligence, and appraisal processes to increase its customers’ control and productivity.

For further information, please contact:

Richard Goldman, Vice President, Finance
(866) 768-7653
rgoldman@powerbandsolutions.com

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.

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.