PowerBand Appoints Shibu Abraham CPA as Chief Financial Officer

January 04, 2021

VANCOUVER, BC /  January 4, 2021 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(FSE:1ZVA) (“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 Mr. Shibu Abraham CPA as Chief Financial Officer.

Mr. Abraham has over 25 years of accounting and financial management experience for various private and publicly traded companies listed on stock exchanges in both Canada and the United States. His diverse work background includes assignments as audit partner of several Canadian listed issuers as well as serving in senior executive positions, where he was involved in international M&A, initial listings on the stock exchange, financing as well as restructuring. He was most recently Chief Financial Officer of a Fintech company where he led the restructuring of the company’s International M&A and expansion efforts. With deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning and accounting, Mr. Abraham brings the leadership capabilities to manage and enable Powerband Solutions to push ahead with the execution of the company’s strategic initiatives, including posting relevant and timely information for the investors, maintaining sustained future growth and adding value to the shareholders.

Mr. Abraham received his Chartered Accountant designation from the Institute of Chartered Accountants of Ontario Canada, his CPA from the American Institute of Certified Public Accountants and holds an ACA from the Institute of Chartered Accountants of India.

Kelly Jennings CEO of PowerBand, commented, “Shibu has the skill set we require for public accounting coupled with his experience in guiding the financial affairs of small to midcap companies. We are very pleased that Mr. Abraham has agreed to join the PowerBand team.”

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

For further information, please contact:
Kelly Jennings
Chief Executive Officer
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.

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.

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