AmeriTrust Financial Stock Price, News & Analysis

PWWBF represents the OTC Pink listing of AmeriTrust Financial Technologies Inc., a fintech company focused on automotive finance and used vehicle lease originations. The company, which has transitioned from the name PowerBand Solutions Inc. to AmeriTrust Financial Technologies Inc., is listed on the TSX Venture Exchange, OTC Pink, and Frankfurt markets. According to company disclosures, its integrated, cloud-based transaction platform is designed to facilitate transactions among consumers, dealers, and funders, with the platform being made available across the United States.

AmeriTrust describes itself as a finance solution and fintech provider targeting the automotive industry, with a particular emphasis on used vehicle leasing. The company states that its platform supports lease and loan finance technology and that it has historically focused on the formation and servicing of lease originations for vehicles. Revenue disclosed in recent financial updates is primarily derived from servicing an existing lease portfolio, reflecting the operational importance of its servicing activities.

Business focus and platform

The company reports that it operates an integrated, cloud-based transaction platform that facilitates automotive-related transactions among consumers, dealers, and funding partners. This platform is described as supporting trading and financing technology that transforms the online experience to sell, trade, lease, and finance vehicles. AmeriTrust indicates that its technology incorporates proprietary lease calculation capabilities and that it has worked with lending partners, including banks and credit unions, to provide indirect financing and servicing solutions.

AmeriTrust has also announced the development of specific divisions within its business. One division, AmeriTrust Serves, is described as an asset loan and lease servicing platform focused on providing national lending partners with technology, loss mitigation, and customer care. Another division, AmeriTrust Auto, is referred to as the vehicle remarketing division of the company. The company states that these divisions are part of an in-house, technology-focused servicing and remarketing platform that is intended to support lending partners’ portfolios.

Automotive leasing and lending relationships

Company communications describe AmeriTrust as a platform targeting automotive finance, specializing in used vehicle lease originations. It has reported relationships with lending partners, including a credit union that has historically provided a majority of its funding lines. AmeriTrust has disclosed that it services lease portfolios and has entered into a remarketing strategy under contract with a lending partner to assist in maximizing returns from vehicles coming off lease.

AmeriTrust has also announced that it signed letters of intent with two separate companies to become their national lease partner. One letter of intent is with a used vehicle company operating multiple locations across several U.S. states with a large inventory of vehicles. The second letter of intent is with a conversion van company that operates in many states and serves disabled veterans and citizens with disabilities. Under these letters of intent, AmeriTrust expects to provide lender services for indirect financing by using its proprietary lease calculation technology, subject to execution of definitive agreements.

AI and technology initiatives

The company has disclosed that it is integrating artificial intelligence into its lease and loan finance technology. AmeriTrust reports that its AI team is tasked with designing and developing AI technology to support credit risk assessments, fraud detection, auto-decisioning, and customer behavior analytics. It also states that these AI initiatives are intended to provide predictive analytics that support pricing, underwriting, servicing, and customer retention strategies.

AmeriTrust has described its leasing technology platform as utilizing advanced algorithms to provide lease decisioning in seconds. The company has indicated that the integration of AI agents is expected to enhance many aspects of this platform. In addition, AmeriTrust has stated that its technology focus includes computer networking, machine learning, and the rapid development of artificial intelligence, and that its servicing platform is managed in-house rather than outsourced.

Servicing, remarketing, and in-house operations

Through AmeriTrust Serves, the company reports that it provides asset loan and lease servicing for national lending partners, with an emphasis on technology-enabled loss mitigation and customer care. According to company statements, AmeriTrust Serves is managed in-house, which the company describes as offering better control over customer interactions and service quality, a more personalized customer experience, data security, and flexibility in processes and training.

AmeriTrust states that AmeriTrust Serves and AmeriTrust Auto together form an in-house, technology-focused servicing and remarketing platform. The company has reported feedback from a lending partner, UNIFY Financial Credit Union, which it cites as indicating that the platform has helped mitigate losses, reduce customer expense, and generate new revenue streams for AmeriTrust. The company further notes that, since testing these servicing and remarketing systems, it has observed lower delinquency rates, higher asset recovery, lower remarketing expenses, and higher returns at point of sale, while also improving customer satisfaction, based on its internal experience and partner feedback.

Capital markets and corporate developments

AmeriTrust, under its former name PowerBand Solutions Inc., has disclosed several capital markets activities. It has completed non-brokered private placements of common shares to fund growth initiatives and for general corporate and working capital purposes. The company has also announced the approval and completion of a name change from PowerBand Solutions Inc. to AmeriTrust Financial Technologies Inc., with a corresponding change in its TSX Venture Exchange ticker symbol to AMT, while the OTC Pink symbol PWWBF continues to be associated with the company’s shares in the United States.

Shareholders have approved various corporate matters at annual general and special meetings, including director elections, auditor appointments, equity incentive plans, and the corporate name change. The company has also reported entering into a strategic advisory agreement with an experienced investment professional to assist in identifying and securing additional lease origination funding facilities and to advise on funding structures and negotiations.

Geographic focus

In its public disclosures, AmeriTrust states that its integrated, cloud-based transaction platform and related transaction and servicing platforms are being made available across the United States or across the United States of America. The company also notes that it is listed on exchanges in Canada and Frankfurt, reflecting an investor base that can access the stock in multiple markets.

Company status and symbol context

PWWBF is identified in company news releases as the OTC Pink symbol associated with AmeriTrust Financial Technologies Inc. (formerly PowerBand Solutions Inc.). The company continues to describe itself as a fintech provider and finance solution company serving the automotive industry, with a focus on used vehicle lease originations, servicing, and related technology. There is no information in the provided materials indicating that the company has been delisted or has ceased operations; instead, the disclosures describe ongoing business activities, platform development, and capital raising.

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