PowerBand Solutions Inc. Announces Strategic Advisory Agreement with John Wimsatt

Toronto, ON / ACCESSWIRE / September 3, 2024 –

PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF)(Frankfurt:1ZVA), a fintech platform targeting formation of lease originations for the automotive industry, has recently entered into a Strategic Advisory Agreement with John Wimsatt. Wimsatt, who previously served as the Chief Investment Officer at ECN Capital Corp. (TSX: ECN), will now act as an advisor to the Board of PowerBand Solutions Inc.

John Wimsatt brings a wealth of experience from his time at ECN, a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds, and institutional investors. His insights and expertise are expected to provide valuable guidance to PowerBand as the company continues to grow and expand its presence in the fintech industry.

In addition to this new advisory agreement, PowerBand Solutions Inc. has also approved a non-brokered private placement of common shares of the company, with a total value of up to CAD $10 million. This move demonstrates the company’s commitment to furthering their growth and reaching new milestones in the coming year.

Overall, the partnership with John Wimsatt and the new private placement offering signal exciting developments for PowerBand Solutions Inc. as they position themselves for success in the competitive fintech landscape.

How This Will Affect Me:

As a consumer or investor interested in the fintech industry, the partnership between PowerBand Solutions Inc. and John Wimsatt could provide new opportunities for growth and innovation in the automotive and lease origination sectors. By leveraging Wimsatt’s expertise and insights, PowerBand may be able to develop new and improved financial products and services that could benefit consumers and investors alike.

How This Will Affect the World:

The collaboration between PowerBand Solutions Inc. and John Wimsatt has the potential to make a significant impact on the fintech industry as a whole. By bringing together Wimsatt’s experience and PowerBand’s innovative technology, the two entities may be able to create new solutions that could transform the way lease originations are conducted in the automotive sector. This could lead to greater efficiency, transparency, and accessibility in the industry, ultimately benefiting consumers and businesses worldwide.

Conclusion:

The Strategic Advisory Agreement between PowerBand Solutions Inc. and John Wimsatt marks an important milestone for the company as they continue to expand their presence in the fintech industry. With Wimsatt’s guidance and the new private placement offering, PowerBand is well-positioned for growth and success in the coming year. This partnership has the potential to drive innovation and positive change in the automotive and lease origination sectors, benefitting both consumers and the industry as a whole.