Lamb's Experience and Leadership Skills Highly Compatible with PowerBand's Mission

VANCOUVER, BC / ACCESSWIRE / January 12, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt: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 Jon Lamb to one of the company's top executive leadership roles as President of North American Operations.

Kelly Jennings CEO of PowerBand, commented, 'filling the critical role of President of North American operations was a major decision for the company. We could not have found a better match than Jon Lamb to serve in PowerBand's presidential leadership role. His 17+ years of experience in disruptive ad tech and fintech technologies was a key factor in our decision.'

Mr. Lamb has founded and served as CEO and President of numerous successful business entities. He is also a patent author and mission-driven investor. Jon is an active board member and advisor to multiple ad tech and fintech organizations. Jon consults to industry-leading automotive retailers, OEMs, digital marketplaces, and fintech start-ups through his private equity and advisory firm in Miami. He is recognized for his accomplishments in technologies, business strategy, product development, marketplaces, and capitalization. Jon is a proven executive and entrepreneur with multiple successful exits in the automotive and marketing industries. He served in CEO and President roles with Brickell.IO, Privatized Capital, Hundy Inc, Transparent AI and Visible Customer. Jon also has a distinguished record for military service in the United States Navy as a high-tech, weaponry specialist on nuclear submarines.

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
E: info@powerbandexchange.com
P: 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.

SOURCE: PowerBand Solutions Inc.