PowerBand Announces Appointment of New Strategic Advisor to Board of Directors and $10 Million Private Placement of Common Stock Page 1

TORONTO, ON / ACCESSWIRE / September 3, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF)(Frankfurt:1ZVA) (“PowerBand“, “telephone exchange” or the “Company“), a fintech platform focused on setting up leasing agreements for the automotive industry, announces that it has entered into a strategic advisory agreement with John Wimsatt, former Chief Investment Officer at ECN Capital Corp. (TSX: ECN) (“ECN“), to act as advisor to the Board of Directors of PowerBand Solutions Inc. The Company has also approved a non-brokered private placement of up to CAD $10 million of the Company’s common stock (the “To offer“).

John Wimsatt joined ECN, a leading provider of corporate services to North American banks, credit unions, life insurance companies, pension funds and institutional investors, in 2016. Mr. Wimsatt was a principal investor in debt and equity securities for over 20 years, focusing on the North American financial services sector, with material experience in obtaining credit and financing facilities for companies throughout North America. He also served as a Managing Director and Portfolio Manager at several leading global asset management companies.