Reported Earnings • May 27
First quarter 2026 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2025) First quarter 2026 results: CA$0.004 loss per share (further deteriorated from CA$0.002 loss in 1Q 2025). Net loss: CA$4.00m (loss widened 243% from 1Q 2025). Revenue is forecast to grow 93% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Johnnie Hunt is the most experienced director on the board, commencing their role in 2022. Independent Director Kris Gaerlan was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Apr 28
AmeriTrust Financial Technologies Inc., Annual General Meeting, Jun 24, 2026 AmeriTrust Financial Technologies Inc., Annual General Meeting, Jun 24, 2026. Announcement • Feb 04
AmeriTrust Financial Launches A Fintech-Driven Lending Platform Designed to Expand Used-Car Leasing for Franchised and Large Independent Dealers Nationwide AmeriTrust Financial announced the launch of a fintech-driven lending platform designed to expand used-car leasing for franchised and large independent dealers nationwide. Backed by institutional investors and a group of giants, the company is scaling rapidly across the continental United States. AmeriTrust is currently the only independent lender that offers used-car leasing at a national level. Dealers can submit a single retail loan application to AmeriTrust and receive side-by-side decisions for both a loan and a lease. AmeriTrust's technology automatically converts the application for lease structuring, helping dealers offer leasing without added paperwork or specialized calculations. Through used-car leasing, dealers can advertise lower monthly payments without extending loan terms. In addition to side-by-side loan and lease decisions, AmeriTrust also offers: Pre-filled contract and title documentation: AmeriTrust automatically pre-fills all contract paperwork, including title applications and other state-specific forms, helping dealers avoid errors that can delay funding, require re-contracting, or even jeopardize the sale. Leases for every type of driver and credit tier: From leases with no mileage and wear-and-tear penalties to options for subprime credit, AmeriTrust offers multiple used-car lease structures designed to approve as many customers as possible. Payment calculators tied to real-time inventory: At no cost, dealers can connect their inventory to AmeriTrust's portal and generate loan and lease payments that reflect actual deal terms, not estimates. While a customer is in-store, dealers can compare vehicles across terms, lease types and credit tiers to find the best fit. Exceptionally fast decisioning and funding: Dealers receive decisions within minutes, and most contracts are funded the same day. Free dealer lease training: AmeriTrust will host Q&A sessions and training resources to help dealers understand the nuances of used-car leasing, so they can present lease options to customers with confidence. In response to this market demand, AmeriTrust Financial attracted investment over the past year from institutional investors and multiple entrepreneurs through its parent company, AmeriTrust Financial Technologies Inc. (TSXV: AMT)(OTCQB: AMTFF)(Frankfurt:1ZVA). AmeriTrust Financial currently operates in 28 states, with plans to expand across the entire continental United States over the next several months. To sign up with AmeriTrust, franchised and large independent dealers should call 1-800-600-6872. Approved dealers can submit loan applications through DealerTrack, RouteOne or AmeriTrust's proprietary portal. Announcement • Jan 16
AmeriTrust Financial Technologies Inc. Appoints John Wimsatt as Chief Investment Officer AmeriTrust Financial Technologies Inc. announced that John Wimsatt has been appointed to the position of Chief Investment Officer, a position that he previously held at ECN Capital Corp. In September 2024, John was appointed as an Advisor to AmeriTrust's Board to assist the Company to identify and secure the formation of additional lease origination funding facilities. With initial lease origination funding now secured with a line of credit with the Bank of Texas, John will utilize his experience and industry-wide contacts to securitize, or sell, the lease contracts to other funding partners including banks, credit unions, insurance companies, and private investment groups. Announcement • Oct 08
AmeriTrust Financial Technologies Inc. announced that it expects to receive CAD 60 million in funding Ameritrust Financial Technologies Inc. has entered into an agreement with Clarus Securities Inc. in connection with a best efforts brokered offering to issue a debenture offering for gross proceeds of CAD 45million and a LIFE offering of CAD 15 million on October 7, 2025. The company is proposing to issue and sell up to 45,000 units of the company at a price of CAD 1,000 per debenture unit for aggregate gross proceeds of up to CAD 45 million. Each debenture unit will consist of one senior unsecured principal amount CAD 1,000 convertible debenture of the company and 10,000 common share purchase warrants of the company. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.15 for a period commencing 60 days following the closing of the offering until 60 months following the closing date. The debentures will mature five years from the closing date and pay interest at 8% per annum from the closing date, payable quarterly in arrears commencing on Dec. 31, 2025. The company is also proposing to issue and sell up to 214,285,714 units of the company at a price of CAD 0.07 per LIFE unit for aggregate gross proceeds of up to CAD 15 million. Each LIFE unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 015 during the exercise period, subject to the early acceleration. The closing date of the offering is anticipated to occur on or about Oct. 23, 2025, and is subject to certain conditions and the receipt of applicable regulatory approvals, including approval of the TSX-V. Announcement • Jul 02
AmeriTrust Financial Technologies Inc., Annual General Meeting, Aug 20, 2025 AmeriTrust Financial Technologies Inc., Annual General Meeting, Aug 20, 2025. Announcement • Nov 19
AmeriTrust Financial Technologies Inc. Announces Appointment of Troy Hocker to the Position of Chief Revenue Officer AmeriTrust Financial Technologies Inc. announce the appointment of Troy Hocker to the position of Chief Revenue Officer. Troy is a seasoned automotive finance executive with over 20 years of industry experience at the largest direct to consumer leasing company in the country. During his tenure he helped develop and implement highly successful training programs, laying the foundation for future growth. Troy played a pivotal role in the company becoming a billion-dollar enterprise. Buy Or Sell Opportunity • Oct 21
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 295% to €0.087. The fair value is estimated to be €0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Earnings per share has grown by 11%. Announcement • Oct 03
Powerband Solutions Inc. announced that it has received CAD 10.8845 million in funding from Jpk Capital Holdings (Barbados) Inc On October 02, 2024,Powerband Solutions Inc closed the transaction. The company issued 217,410,000 common shares at a price of CAD 0.05 per common shares at a price of CAD 10,870,500. JPK Capital Holdings (Barbados) Inc. announces that it has acquired 25,000,000 common shares in a private placement.Canaccord Genuity Corp., PowerOne Capital Markets Limited, Research Capital Corporation, Clarus Securities Inc. and RBC Dominion Securities Buy Or Sell Opportunity • Oct 02
Now 23% undervalued Over the last 90 days, the stock has risen 75% to €0.044. The fair value is estimated to be €0.058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Earnings per share has grown by 11%. Announcement • Sep 03
Powerband Solutions Inc. announced that it expects to receive CAD 10 million in funding Powerband Solutions Inc. announced a non-brokered private placement of up to 200,000,000 common shares of the company at a price of CAD 0.05 per common shares at a price of CAD 10,000,000 on September 3, 2024. The also announces that Wimsatt, along with insiders, management and existing shareholders, have indicated that they will be participating in the offering. The Company also reserved the right, in its sole discretion, to increase the Offering size by up to CAD 2,000,000 based on market demand. Closing of the Offering is subject to customary closing conditions, including acceptance of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering will be subject to applicable statutory hold periods. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.035 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.002 (up from CA$0.035 loss in 2Q 2023). Revenue: CA$542.2k (up 9.0% from 2Q 2023). Net income: CA$572.0k (up CA$11.1m from 2Q 2023). New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-CA$15m). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$2.7m revenue, or US$1.9m). Market cap is less than US$100m (€14.9m market cap, or US$16.2m). Announcement • Jul 22
Powerband Solutions Inc., Annual General Meeting, Sep 18, 2024 Powerband Solutions Inc., Annual General Meeting, Sep 18, 2024. New Risk • Jun 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (766% average daily change). Negative equity (-CA$15m). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$2.7m revenue, or US$1.9m). Market cap is less than US$100m (€21.1m market cap, or US$22.6m). Announcement • Jun 21
Powerband Solutions Inc. announced that it has received CAD 2.197 million in funding On June 21, 2024, Powerband Solutions Inc., closed the transaction. The company issued 77,133,330 common shares at a price of CAD 0.015 per share for the gross proceeds of CAD 1,157,000 in its second tranche closing. All securities issued in connection with the Second Tranche are subject to applicable statutory hold periods. Reported Earnings • Jun 17
Full year 2023 earnings released: CA$0.07 loss per share (vs CA$0.11 loss in FY 2022) Full year 2023 results: CA$0.07 loss per share (improved from CA$0.11 loss in FY 2022). Revenue: CA$2.87m (down 78% from FY 2022). Net loss: CA$20.8m (loss narrowed 24% from FY 2022). Announcement • May 15
PowerBand Announces Board and Executive Changes PowerBand Solutions announced the appointment of Kris Gaerlan to the Company's Board of Directors. Kris Gaerlan is an experienced executive and is known as a respected leader in the automotive industry. As President of Dallas Lease Returns, Kris has been responsible for innovating the dealership customer experience that has earned the company seven consecutive DealerRater Dealer of the Year awards, including Used Car Dealer of the Year for the entire United States in both 2023 and 2024. Kris also serves as an advisor on the National Dealer Council of Capital One Auto Finance. The Company also announces that Darrin Swenson has resigned from the Board of Directors of PowerBand, effective immediately. Further, Bryan Hunt has stepped down as Chairman of the Board of Directors and will remain as a director. Jeff Morgan has been appointed Chairman. The Company is also pleased to announce several significant senior management appointments: Xia Zhang has returned to the company and has been appointed as PowerBand's Chief Technology Officer. Xia was the original software architect of the used car leasing and loan origination platform for MUSA Auto Finance, which PowerBand acquired its initial 60% interest in 2019. Blake Kirk has been promoted to the position of Chief Operating Officer for the Company. Blake was previously VP of Servicing for Drivrz Financial. Sean Severin has been appointed Chief Information Officer for PowerBand, moving from his previous role of CTO. New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (760% average daily change). Negative equity (-CA$8.4m). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (CA$3.6m revenue, or US$2.6m). Market cap is less than US$100m (€11.3m market cap, or US$12.1m). Announcement • Dec 28
PowerBand Solutions, Inc. Appoints Shibu Abraham to its Board of Directors PowerBand Solutions Inc. announced that it has appointed Shibu Abraham, the Company's CFO, to the Company's board of directors. The board of directors is now comprised of Bryan Hunt, a non-executive director, and two officers, Darrin Swenson, CEO and Shibu Abraham, CFO. Announcement • Dec 19
PowerBand Solutions Inc. Announces Resignation of Directors PowerBand Solutions announced that board of directors Co-Chairman, Joe Poulin, board member and audit committee member, Vassilis Stachtos and board member and chair of the audit committee, Jerome Letter, have resigned from the board of directors of PowerBand, effective immediately. Presently the Company has two members of the board of directors. The Company has commenced a process to fill the board vacancies as soon as practicable. Announcement • Dec 15
Powerband Solutions Inc. Elects Joe Poulin as Directors PowerBand Solutions Inc. at its AGM held on December 13, 2023 elected Joe Poulin as Directors. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.006 loss per share (vs CA$0.012 loss in 3Q 2022) Third quarter 2023 results: CA$0.006 loss per share (improved from CA$0.012 loss in 3Q 2022). Revenue: CA$555.4k (down 73% from 3Q 2022). Net loss: CA$1.79m (loss narrowed 50% from 3Q 2022). Announcement • Nov 11
PowerBand Solutions Inc. Announces Resignation of Geoffrey Belsher as Board Member and Audit Committee Member PowerBand Solutions announced that Board member and audit committee member, Geoffrey Belsher has taken on new responsibilities with another corporate entity, and as a result Mr. Belsher has resigned from the board of directors of PowerBand. Announcement • Oct 07
PowerBand Solutions Inc., Annual General Meeting, Dec 13, 2023 PowerBand Solutions Inc., Annual General Meeting, Dec 13, 2023. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.035 loss per share (vs CA$0.04 loss in 2Q 2022) Second quarter 2023 results: CA$0.035 loss per share. Revenue: CA$497.5k (down 88% from 2Q 2022). Net loss: CA$10.5m (loss widened 24% from 2Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.011 loss per share (vs CA$0.03 loss in 1Q 2022) First quarter 2023 results: CA$0.011 loss per share (improved from CA$0.03 loss in 1Q 2022). Revenue: CA$838.7k (down 86% from 1Q 2022). Net loss: CA$3.15m (loss narrowed 47% from 1Q 2022). Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 13%. Reported Earnings • May 01
Full year 2022 earnings released: CA$0.11 loss per share (vs CA$0.085 loss in FY 2021) Full year 2022 results: CA$0.11 loss per share (further deteriorated from CA$0.085 loss in FY 2021). Revenue: CA$12.8m (down 47% from FY 2021). Net loss: CA$27.4m (loss widened 83% from FY 2021). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.012 loss in 3Q 2021) Third quarter 2022 results: CA$0.012 loss per share (in line with 3Q 2021). Revenue: CA$2.07m (down 78% from 3Q 2021). Net loss: CA$3.56m (loss widened 62% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Steven Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CA$0.04 loss per share (vs CA$0.01 loss in 2Q 2021) Second quarter 2022 results: CA$0.04 loss per share (down from CA$0.01 loss in 2Q 2021). Revenue: CA$4.14m (down 6.1% from 2Q 2021). Net loss: CA$8.43m (loss widened 408% from 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 30% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Reported Earnings • May 04
Full year 2021 earnings released: CA$0.085 loss per share (vs CA$0.085 loss in FY 2020) Full year 2021 results: CA$0.085 loss per share (vs CA$0.085 loss in FY 2020). Revenue: CA$23.9m (up CA$20.9m from FY 2020). Net loss: CA$15.0m (loss widened 50% from FY 2020). Over the next year, revenue is forecast to grow 127%, compared to a 31% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bill Butler was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 14
Insider recently sold €58k worth of stock On the 5th of April, Bruce Polkes sold around 135k shares on-market at roughly €0.43 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €393k more than they sold in the last 12 months. Recent Insider Transactions • Mar 17
Founder recently bought €64k worth of stock On the 15th of March, Kelly Jennings bought around 143k shares on-market at roughly €0.44 per share. In the last 3 months, they made an even bigger purchase worth €69k. Kelly has been a buyer over the last 12 months, purchasing a net total of €289k worth in shares. Recent Insider Transactions • Feb 09
Founder recently bought €69k worth of stock On the 7th of February, Kelly Jennings bought around 159k shares on-market at roughly €0.43 per share. This was the largest purchase by an insider in the last 3 months. Kelly has been a buyer over the last 12 months, purchasing a net total of €225k worth in shares. Reported Earnings • Nov 11
Third quarter 2021 earnings released: CA$0.012 loss per share (vs CA$0.018 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: CA$9.24m (up CA$8.66m from 3Q 2020). Net loss: CA$2.20m (loss widened 7.8% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.015 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$4.71m (up CA$4.31m from 2Q 2020). Net loss: CA$1.66m (loss narrowed 1.1% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 27
First quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.019 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$2.89m (up 370% from 1Q 2020). Net loss: CA$2.01m (loss narrowed 1.0% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: CA$0.085 loss per share (vs CA$0.088 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CA$3.03m (up 52% from FY 2019). Net loss: CA$9.97m (loss widened 42% from FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 04
Independent Director recently sold €65k worth of stock On the 30th of March, Ivan Buzbuzian sold around 100k shares on-market at roughly €0.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €57k more than they bought in the last 12 months. Is New 90 Day High Low • Feb 11
New 90-day high: €0.45 The company is up 217% from its price of €0.14 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 29% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: €0.25 The company is up 114% from its price of €0.12 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: €0.23 The company is up 90% from its price of €0.12 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 28% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: CA$0.018 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$576.7k (up 25% from 3Q 2019). Net loss: CA$2.04m (loss widened 16% from 3Q 2019). Reported Earnings • Dec 02
Third quarter 2020 earnings released: CA$0.018 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$576.7k (up 25% from 3Q 2019). Net loss: CA$2.04m (loss widened 16% from 3Q 2019). Announcement • Oct 16
PowerBand Solutions Inc. Appoints Bruce Polkes to Advisory Team PowerBand Solutions Inc. announced Bruce Polkes, the CEO & Founder of IntellaCar, has joined PowerBand's team of industry advisors. With 30-years of experience in the automotive-retail sector, Mr. Polkes' career includes 20 years of working with dealers and OEMs, such as Toyota, Lexus, Honda and Acura, to develop and leverage technology to drive dealership sales and increase customer engagement. As the founder and CEO of IntellaCar, Mr. Polkes developed the platform for drivers and dealers to mutually engage, carrying out searches and transactions on an iPad, with constant access to data and an extensive video library of automobiles on the market. Announcement • Oct 10
Steve Waller is Joining PowerBand Solutions Inc.'s Advisory Team PowerBand Solutions Inc. announced Steve Waller, one of the U.S. automotive retail and banking sectors' proven leaders, is joining the Company's advisory team. Currently, Waller is Vice President of Business Development and Transformation at D&P Holdings, LLC ("D&P"), the national insurance administrator that is now a key strategic partner and investor in PowerBand. Announcement • Oct 03
PowerBand Solutions Inc. Announces Management Appointments PowerBand Solutions Inc. announced that two of the U.S. automotive in retail are joining the Company as senior advisors. John Canales and Brent Green -- with a combined seven decades of leadership experience ranging from the dealership floor to software to senior executive roles at the auction houses Cox Automotive Inc. and Manheim -- are beginning their advisory roles immediately. The two men, who are also seasoned entrepreneurs, will assist in the commercialization of PowerBand's virtual platform that is transforming how drivers and dealers buy, sell, lease, trade and finance vehicles using smart phones and other digital devices, from any location. The platform is being introduced to U.S. markets under the brand DRIVRZ. John Canales began his automotive career in 1990. He brings a unique perspective to the automotive industry with a wide-ranging background in dealership operations and software sales solutions that are disruptive and drive higher gross margins. In 2015 Cox Automotive acquired DealerTrack Technologies and Mr. Canales was promoted to Director for Enterprise Dealership Partners. In 2018, Mr. Canales left Cox Automotive and is a senior executive and partner in a group of digitally-focused automotive retail companies. Brent Green career began with Cox Automotive Inc. as a Manager Trainee at the Atlanta Auto Auction. He also spent 17 years at Manheim, where he saw his career grow from auction operations as the General Manager of Manheim Colorado, to representing the company in joint ventures internationally in China and Turkey, and finally sales leadership roles with commercial clients in both auto and power sports. Mr. Green then moved to a senior leadership role at Cox Automotive with the AutoTrader, KBB, and Dealer.com brands, where his last role was Vice President of Sales. Most recently Mr. Green has been working with the automotive technology company Winfooz, developing their go-to-market strategies for their launch in the U.S. Market. Announcement • Sep 22
Powerband Introduces Syngrafii Digital Signatures and Video Signing for Consumers and Automotive Dealers PowerBand Solutions Inc. announced that it has entered into an agreement with Syngrafii Inc. (Syngrafii) to allow consumers to safely and quickly sign automotive leases and other documents on PowerBand's virtual transaction platform. PowerBand will initially introduce the Canadian-made Syngrafii signature system on PowerBand's Canadian division, DRIVRZ Canada, and later expand it to DRIVRZ US, allowing consumers and automotive dealers to buy, sell, lease, trade and finance vehicles as easily as buying a product on Amazon. PowerBand's transaction platform, being trademarked under the brand DRIVRZ, will be made available in Canada, the United States and global markets. The initial term of the agreement is one year with automatic annual renewal options. PowerBand will pay a standard commercial fee to Syngrafii for each transaction completed utilizing Syngrafii's technology. Syngrafii is unique in the industry because its patented e-signature platform allows for the world-wide use of wet signatures, complete auditing of signatures and video recording during a signature, to ensure the security of all digital transactions. With its proprietary Video Signing Room TM ("VSR"), iinked Paper TM, LongPen® and electronic signature solutions, Syngrafii enables PowerBand users to virtually execute the documents to purchase a vehicle in real-time. This integrated solution allows PowerBand to manage all transactions in a connected world anywhere, anytime and securely. The Syngrafii Compliance Engine and Transactional MasterFile offers best-in-class security, compliance and nonrepudiation while ensuring regulatory compliance and consumer protections not found in other platforms.