Drivrz Financial Expanding Existing USD $300 Million Loan Origination Credit Facility

PowerBand's finance arm (Drivrz Financial) is extending its platform to accept loan originations from its dealer customers, Intellacar customers and DrivrzXchange customers.

PowerBand Solutions (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, is announcing its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform.

The Company's April 26, 2021, new release relating to the USD $300 million credit facility was originally executed with the Financial Institution in July 2020 and was described in a news release dated July 13, 2020. DRIVRZ Financial has been using this credit facility for lease origination since the date of execution.

This existing credit facility is now being extended to loan origination for consumers who are looking to secure a vehicle loan.

Kelly Jennings, CEO and Founder of PowerBand Solutions states "We want to clarify that this credit facility is not in any way connected to the line of credit facility we are pursuing with Alliance Partners for the EV leasing."

For further information, please contact:

Kelly Jennings
Chief Executive Officer
E: info@powerbandexchange.com
P: 1-866-768-7653

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.

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.