Mr. Kelly Jennings reports

POWERBAND CEO TO VOLUNTARILY HOLD SHARES FOR 12 MONTHS

The chief executive officer and largest shareholder of Powerband Solutions Inc. will be entering into a voluntary escrow agreement with Computershare and will not sell his shares in the company for at least 12 months, until Jan. 29, 2021. This commitment is in addition to any escrow imposed by the TSX Venture Exchange.

The voluntary move by CEO Kelly Jennings comes as Powerband continues to advance plans to put its transformational, cloud-based transaction platform into the hands of thousands of dealerships and consumers across North America.

"I want people to know I am invested in Powerband for the long run as we revolutionize how cars and trucks are bought, sold, leased and auctioned," said Mr. Jennings, who founded the company nine years ago.

"Powerband intends to make buying, selling and leasing a car as easy as ordering an Uber on your smart phone or buying a product from Amazon," Mr. Jennings said. "This is a transformational solution, removing unnecessary middlemen, to benefit consumers, dealers, rental and commercial fleets, OEMs and funders."

Mr. Jennings has more than 27 years of automotive dealership ownership and management experience, and has won numerous awards from major original equipment manufacturers for industry-leading business performance and customer satisfaction. Mr. Jennings holds 41,865,283 shares of Powerband, representing approximately 37 per cent of the company's outstanding shares.

About Powerband Solutions Inc.

Powerband Solutions is a technology provider listed on the TSX Venture Exchange. The company's cloud-based platform is revolutionizing how we buy, sell, lease and auction vehicles. With the recent receipt of its exporter licence and its acquisition of MUSA Auto Finance, the company is now well positioned to become a leader in the $10-billion (U.S.) cross-border used vehicle export market, the $100-billion (U.S.) used vehicle auction market and the $120-billion (U.S.) vehicle leasing market in the United States and Canada.

We seek Safe Harbor.