PowerBandLaunchDrivrz

PowerBand Solutions Launches Consumer To Consumer DrivrzXchange

PowerBand Solutions (TSXV: PBX) has formally launched DrivrzXchange, the firms online consumer auction platform. The highly anticipated platform has begun its pilot launch in Northwest Arkansas, with the company indicating it intends to rapidly expand into select markets across the US.

DrivrzXchange is a “C2C,” or consumer to consumer auction portal. The marketplace enables verified users to both buy and sell vehicles online through a safe and hassle free platform. Select features include identity verification, third party valuations, and a 7 day satisfaction guarantee. The platform is designed to enable buyers and seller to achieve a fair valuation of vehicles without the use of third parties.

The DrivrzXchange platform works to remove “curbsiders, scammers and fraudsters” from the environment by requiring identity verification, enabling a safe environment for consumers. Consumers upload vehicle information to the platform, including photos, and once completed the vehicle is then placed into a scheduled virtual auction where other consumers can bid on the vehicle. Once completed, buyers and sellers are able to pick up or drop off the vehicle at a concierge location or optionally use transportation services and then undergo a post-sale inspection to ensure accurate representations were made before the vehicle is ultimately handed off to the buyer.

“DrivrzXchange is superior to other live auctions, listing sites and car buying services because it offers anyone who is in the market to buy or sell a vehicle with a platform that provides the tools necessary for a safe hassle-free experience, with no unnecessary middlemen and expensive fees. After this pilot phase, drivrzXchange will be released into select markets nationwide, with the end goal to have complete US coverage, for anyone to use. We expect this to transform how Americans buy and sell cars online.”

Jon Lamb, President of PowerBand’s North American Operations

PowerBand Solutions last traded at $1.03 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

PowerBand Solutions Hires Two Auto Industry Executives As Commercialization Advisors

PowerBand Solutions (TSXV: PBX) has bolstered its senior advisor team as of this morning with...

Friday, October 2, 2020, 09:12:28 AM

PowerBand Solutions Signs MOU With Atlis Motor Vehicles For Leasing, Purchasing & Insurance Services

PowerBand Solutions (TSXV: PBX) has entered into a memorandum of understanding with an up-and-coming electric...

Wednesday, May 19, 2021, 08:51:48 AM

PowerBand Sees D&P Convert US$6 Million Debentures To Equity Stake

PowerBand Solutions (TSXV: PBX) this morning announced that it has seen D&P Holdings convert US$6...

Thursday, June 25, 2020, 09:18:25 AM

PowerBand Solutions Sees Q2 Revenues Climb 63% To $4.7 Million

PowerBand Solutions (TSXV: PBX) this morning reported its second quarter financial results, posting revenues of...

Tuesday, August 17, 2021, 09:17:50 AM

PowerBand Solutions Secures US$300 Million Lease Financing, Begins Lease Originations

The big day is here for PowerBand Solutions (TSXV: PBX) shareholders. The company announced this...

Monday, July 13, 2020, 09:56:07 AM