Mr. Richard Goldman reports
POWERBAND APPOINTS INFOR FINANCIAL INC. FOR MARKET MAKER SERVICES
Powerband Solutions Inc. has retained INFOR Financial Inc. to provide market-making services on the TSX Venture Exchange, in compliance with the policies and guidelines of the exchange.
INFOR Financial will trade the securities of Powerband Solutions on the TSX-V for the purpose of maintaining an orderly market and to provide liquidity of Powerband Solutions' common shares. Powerband Solutions will pay INFOR Financial $6,000 per month for a minimum term of four months and renewable every month thereafter. Each party will have an option to cancel upon 30 days of prior notice. There are no performance factors contained in the agreement and INFOR Financial will not receive shares or options as compensation. INFOR Financial and Powerband Solutions are unrelated and unaffiliated entities, but INFOR Financial and/or its clients may have an interest, directly or indirectly, in the securities of Powerband Solutions.
About Powerband Solutions Inc.
Powerband Solutions is a technology provider listed on the TSX-V that is developing solutions for automotive and other industries that drive efficiency and transparency in the marketplace. Powerband Solutions has developed and commercialized a leading-edge on-line auction platform that increases revenues and profit margins for its automotive dealership, original equipment manufacturer, commercial fleet and rental company customers. Powerband Solutions' remarketing platform, the Powerband Exchange, incorporates the industry's latest auction technologies, inventory management, market intelligence and appraisal processes.
About INFOR Financial Inc.
INFOR Financial is a leading Canadian independent investment bank offering advice on mergers and acquisitions, capital raises, risk management, private funds and corporate restructurings. Since inception, INFOR Financial has consistently been ranked as one of the top independent mergers and acquisitions advisers in Canada.
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