Mr. Kelly Jennings reports

POWERBAND INCREASES DEALER COUNT BY 14% FOR DRIVRZ FINANCIAL

Powerband Solutions Inc. has signed a national dealership group comprising 64 dealerships onto Drivrz Financial. This dealership group represents a 14-per-cent increase to 532 active dealerships.

The group is well established in seven western states -- Utah, Arizona, Colorado, California, Idaho, New Mexico and Washington -- and represents more than 20 different automotive brands.

Drivrz Financial chief executive officer Jon Lamb commented: "This is a clear signal of confidence in Drivrz Financial by one of the United States' most respected automotive dealership groups. We are delighted they see Drivrz Financial as a burgeoning platform for their dealerships and customers. We continue to target onboarding 1,000 dealers by H1 2022 and aspire to achieve two to three originations per dealership per month as we scale the business."

Drivrz Financial is focused on consummating commercial agreements with several other large dealer groups and is also advancing discussions with OEMs (original equipment manufacturers) for captive formations to drive originations.

"There are proven leaders in the automotive retail sector and this dealership group has been one of them from the very start," said Powerband chief executive officer Kelly Jennings. "This represents a major opportunity for Drivrz to further expand its outreach to the western United States."

About Powerband Solutions Inc.

Powerband Solutions, listed on the TSX Venture Exchange and the OTCQB market, is a fintech provider disrupting the automotive industry. Powerband's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, financers and manufacturers (OEMs). It enables them to buy, sell, trade, finance, and lease new and used, electric and non-electric vehicles on any phone, tablet or PC connected to the Internet. Powerband's transaction platform -- being trademarked under Drivrz -- is being made available across North American and global markets.

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