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PowerBand Solutions Inc (OTCQB: PWWBF) has entered a 12-month marketing and consulting contract with North Equities Corp to enhance its online presence. The contract, effective from February 1, 2022, involves payments of CAD $100,000 every six months and the issuance of stock options. These options, totaling 150,000 per six months, will have an exercise price of CAD $0.71 and will vest over a year. CEO Kelly Jennings expressed confidence in North Equities’ ability to broaden the company’s audience across social media platforms.

PowerBand Solutions reported record performance in December 2021, achieving 360 lease originations, a 15% increase from August. The fourth quarter gross revenue was Cdn$8 million, down from Cdn$9.2 million in Q3, with 2021 total revenue near Cdn$25 million, up from Cdn$3 million in 2020. The company expects Cdn$70-90 million revenue for 2022, driven by low inventory recovery and new enterprise customers. However, challenges remain due to historical low inventory and Covid-19 impacts on performance.

PowerBand Solutions has retained Arrowhead Business and Investment Decisions for investor relations services as of December 15, 2021. This partnership aims to enhance PowerBand's visibility in the international market and improve its equity story. Arrowhead will focus on expanding investor engagement and providing independent analysis. The initial term for these services runs until June 30, 2022, with a cash compensation of USD$50,000. PowerBand's DRIVRZ Platform has recently surpassed 1,000 dealer participants, indicating potential for future growth.

PowerBand Solutions announced a collaboration with CB Auto Group to enhance the vehicle buying and selling experience for over 33 million members in 2022. The partnership will integrate the DrivrzXchange platform with CB Auto's Union Auto Program and Absolute Advantage platform, allowing members to efficiently buy or sell vehicles online. This collaboration aims to leverage the trust established by CB Auto Group to drive sales on DrivrzXchange while providing members with a convenient and unique experience.

PowerBand Solutions Inc. (PWWBF) announced a collaboration with FinMkt, Inc. to enhance its DrivrzLane platform through the introduction of DrivrzCash, a service that offers upfront purchasing approvals for consumers at dealerships. This partnership aims to strengthen dealer relationships and generate additional revenue, with potential annual transaction fees of approximately Cdn$10M for every 300 dealers onboarded at high gross margins. PowerBand projects consolidated revenues between Cdn$70-90M for 2022, with a portion expected from DrivrzLane.

PowerBand Solutions (OTCQB:PWWBF) has announced its positive outlook for 2022, projecting significant revenue growth driven by DrivrzFinancial lease and loan originations. The company has surpassed 1,200 dealer partnerships, leading to an anticipated corporate EBITDA margin of 20-25%. New platforms, DrivrzXchange and DrivrzLane, are set to launch in Q1 2022, potentially contributing up to 20% of consolidated revenue. PowerBand aims to be EBITDA positive in Q1 2022, focusing on cost containment while pursuing revenue growth.

PowerBand Solutions (PWWBF) is set to announce its 2022 outlook on November 30, 2021, followed by a Q&A session on December 1, 2021, at 11 AM EST. The event aims to present the company's strategic vision, including projections for its units DrivrzXchange and DrivrzLane. CEO Kelly Jennings believes 2022 will be a pivotal year as all three business units synergize to drive growth. The session is open to institutional investors and will be accessible online for all stakeholders.

PowerBand Solutions (PWWBF) reported Q3 2021 revenues of $9.2M, a 96% increase from Q2 2021's $4.7M. Adjusted EBITDA loss decreased 22% compared to the previous quarter. Year-to-date revenues reached $16.8M, a 460% increase from $3.0M in 2020. Cash on hand improved to $9.2M from $1.4M at 2020's end. The company expects profitability by Q1 2022 as it scales its lease origination software. Growth is anticipated with new customer acquisitions and expected normalization of used car prices over the next 12-18 months.

PowerBand Solutions (OTCQB:PWWBF) announced its DrivrzXchange platform is set for a US rollout in Q1 2022 after a successful 90-day trial. This multisided marketplace facilitates seamless vehicle transactions for both dealerships and private sellers using advanced technologies. Key improvements, including a mobile app for photo uploads and enhanced data capture, aim to boost user adoption. The company's integrated model combines platforms for leasing and dealer pipelines, indicating strong growth potential across North America and other vehicle markets.