Tuesday, July 1, 2025

PowerBand Solutions Announces Strategic Arrangement With CARco

PowerBand Solutions (TSXV: PBX) announced this morning a new partner in that of the Comprehensive Auto Resources Company, or CARco for short. The firm is one of the leading administrators of auotmotive protection products in the US, and will be introducing PowerBand’s virtual transaction platform to its network of auto dealers across the United States.

The firm is a managing general insurance agency within the US that has a wide ranging reach of over 1,000 agents across the country. Effectively, the result is that CARco has reach into thousands of dealerships within the US, with the firm administering over 100,000 new protection products every month just in the US. Current offerings include total loss protection, tire and wheel protection and theft protection among others.

CARco will be working with that of long-time supporter and partner D&P Holdings to offer warranties and vehicle protection products on the PowerBand platform. The partnership enables PowerBand to offer numerous vehicle protection products to consumers when they buy, sell, lease, and trade vehicles on the platform.

“Obtaining vehicle protection products through PowerBand’s cloud-based platform is also an important innovation, particularly during this pandemic, and I believe both dealers and insurance agents will see this as a powerful, consumer-friendly tool.”

CARco President and CEO Charlie Caronia

The news of additional offerings to be including on PowerBand’s proprietary automotive transactional platform follows the announcement that lease origination are set to begin in the near term. Further, D&P Holdings recently converted its debt to equity in the company as a result of the strong commitment that the insurance administrator has to that of PowerBand.

PowerBand Solutions last traded at $0.26 on the TSX Venture.


FULL DISCLOSURE: PowerBand Solutions is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover PowerBand Solutions on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

PowerBand Launches Campaign To Deliver Platform To Millions Of American Consumers

PowerBand Solutions (TSXV: PBX) this morning announced that it is launching a digital advertising campaign...

Monday, May 4, 2020, 09:05:04 AM

PowerBand Closes First Tranche of US$10.0 Million Financing

PowerBand Solutions (TSXV: PBX) has closed on the first US$1.5 million tranche from its previously...

Monday, March 9, 2020, 08:37:20 AM

PowerBand Successfully Conducts Virtual Auto Auctions

PowerBand Solutions (TSXV: PBX) announced this morning that the company has successfully conducted two auto...

Monday, April 20, 2020, 09:10:00 AM

PowerBand Sees Further US$1.2 Million Investment From D&P Holdings

PowerBand Solutions (TSXV: PBX) has secured further funding from D&P Holdings, one of the largest...

Monday, April 13, 2020, 09:25:49 AM

PowerBand Solutions Set To Launch Auto Sales And Leasing Platform in Early 2020

PowerBand Solutions Inc (TSXV: PBX) announced this morning that the firm is set to launch...

Monday, December 30, 2019, 10:02:28 AM