NetworkNewsWire Newsroom: June 2020

Tuesday, June 30, 2020

Used Vehicle Trading Just Got Easier as PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Launches User-Friendly Consumer App Nationwide

The Driveway app will allow users to buy, sell and trade vehicles from their smart phones regardless of location
Integrated with PowerBand’s cloud-based auto trading platform, the app will ensure that both consumers and dealers get the best value for a vehicle in a virtual auction
PowerBand is currently in the process of integrating credit financing agreements from U.S. financial institutions into its platform to allow users access to financing and leasing solutions

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), the company that developed and launched a cloud-based platform that lets people buy and sell vehicles with never-seen-before speed, simplicity, and cost-efficiency, is preparing to release its Driveway consumer app across the United States. The app will be integrated with PowerBand’s innovative virtual transaction platform and will allow consumers to sell, buy and trade vehicles from their smart phones and other devices regardless of location (http://nnw.fm/2Xdy6).

Developed by PowerBand, the app was initially launched for residents of Northwest Arkansas and piloted by D2D Auto Auctions LLC, a network facilitating virtual vehicle auctions between dealers across the country to give consumers the ability to secure live bids on their vehicle. D2D is co-owned by PowerBand and Arkansas-based financier Bryan Hunt, Director of J.B Hunt Transport.

According to Hunt, the app is designed to answer consumers’ need for a fast and reliable way to trade used cars and trucks from any location, by removing the cost and need of delivering vehicles to physical auctions. “With the Driveaway app, consumers can get the fair value of a vehicle. This is another part of our strategy to assist in the recovery of the automotive sector by allowing consumers to purchase cars from any location, using our smart phones,” Hunt added.

The Driveway app is a crucial piece of PowerBand’s platform, which removes unnecessary middlemen and fees when a vehicle is purchased or sold, PowerBand CEO Kelly Jennings explained. “Driveaway will ensure that consumers and dealers get the best value for a vehicle in an auction, and that consumers have a wider range of choices when they buy a used car.”

While Driveaway is not the only way to trade vehicles online, the alternatives offered by other providers only deal with one dealership and don’t make it possible to buy, sell, lease, trade, and get insurance and other products from anywhere, nationwide, from any digital device.

Users of PowerBand’s platform and app will also be able to get approvals for financing and leasing, as the company is currently in the process of integrating credit financing agreements from U.S. financial institutions into its platform. These credit facility agreements will be announced as they are finalized in the coming weeks.

To prepare its first vehicle lease originations and complete the launch of its Driveway app, PowerBand recently accepted a $2.7 million investment from Texas-based D&P Holdings. The investment was received via subsidiary PowerBand Solutions US Inc. and is part of a D&P commitment to invest up to $10 million as a whole in the company, as it believes the cloud-based platform has the potential to transform the way Americans buy, sell, lease and finance vehicles, according to John Armstrong, CEO of D&P Holdings. As one of the largest administrators of automotive warranty and insurance products in the U.S., D&P works directly with more than 850 dealerships across the country. The company will also leverage PowerBand’s platform to offer consumers automotive insurance products, Armstrong added.

Developed by a team of experienced automotive, technology and finance experts, PowerBand Solutions’ platform caters to a growing need and demand for online auto trading alternatives as e-commerce is spreading in the automotive sector and an ever-growing number of people are looking for an enhanced and more personalized customer experience.

Additionally, social distancing rules imposed by the ongoing pandemic have increased this already significant demand for online alternatives. According to the ‘Digital Commerce 360 Online Vehicle Shopper 2019’ survey, conducted among 1,089 buyers, 49% are willing to purchase a new vehicle entirely online (http://nnw.fm/bAaJ9). According to Frost & Sullivan, consumers may purchase as many as 1.3 million vehicles annually online as soon as 2035 (http://nnw.fm/My8oz). And nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.

PowerBand is positioned to capitalize on these trends by disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use.

For more information, visit the company’s website at www.PowerBandSolutions.com.

NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://nnw.fm/PWWBF

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SinglePoint Inc. (SING) Initiatives in Hemp, Residential Solar Driving Record Sales Growth Despite Uncertain Economic Landscape

SING’s 1606 Hemp subsidiary achieved 133% increase in quarterly sales growth
Product marketing and content strategy grew 1606 Hemp social media presence to 20,000 followers, boosting online sales
SING achieved 300% increase in Q1 revenue and gross profit with majority coming from subsidiary Direct Solar

Despite unusual events creating an uncertain economic landscape, 2020 is proving to be a successful year so far for SinglePoint (OTCQB: SING), a diversified holdings company with operations in several high-performance market sectors. With impressive results coming from both their 1606 Hemp and Direct Solar subsidiaries, SING continues to successfully propel its business model forward by acquiring significant stakes in businesses and then fast-tracking their growth with operations, development, and management expertise.

SING continues to make gains with 1606 Hemp, its iconic smokable hemp brand that imparts the richness and quality of American-grown, harvested and cured hemp flower, processed according to quality assurance techniques that date back to the year 1606. Touted as a safer alternative to tobacco, 1606 Hemp cigarettes saw a remarkable 133% quarter-on-quarter increase in sales growth, along with increased distribution to new retail outlets across the country (http://nnw.fm/J7Lfv).

“We have over 400 storefront locations now in about 20 different states. We’ve officially launched our 6-pack point-of-sale display and that’s going really well. The beautiful thing about that is that it can sit right there (on the counter),“commented SING president Wil Ralston in a recent television interview (http://nnw.fm/bb3hL).

Social media and product marketing have played key roles in the successful growth of 1606 Hemp. Leveraging the popularity of key influencers in the hemp space forms part of 1606 Hemp’s social media strategy, in addition to enriching the consumer experience with lighters, ashtrays and hats branded with the 1606 logo.

“Everything we’ve done, we’ve been trying to do it to the next level and being able to position this brand as a leading brand within this market. In doing that we’ve gained over 20,000 followers on Instagram and multiple Youtube views,” commented Ralston on the growth strategy.

When asked about fulfillment issues that may arise from the boost in online sales, Ralston stated that “there are plenty of opportunities for us to continue to fulfill. We’ve got two different partners that can manufacture more than enough for us. We’re also able to expand beyond that as there is a lot of hemp being grown right now.”

Aside from expanding its footprint in the hemp industry, SING’s subsidiary Direct Solar is positioned to continue growing through the launch of the first phase of its new website aimed at streamlining the online purchasing process for residential solar.

“We are working on a brand-new site where a customer can come onto our site, put in their address and information, and we can get all the needed documents in order to be able to give you a quote for your house, and that’s version 1.0. When we come out with the second version, we’ll be able to actually get you pre-approved for a loan,” Ralston explained, highlighting SING’s aim to capitalize on the consumer shift to purchasing high-value items online. Recent financial statements released are proving the success of this strategy, showing a 300% increase in Q1 revenue and gross profit, with the majority of that growth coming from the acquisition of Direct Solar (http://nnw.fm/8Mu28).

SinglePoint has grown from a full-service mobile technology provider into a recognized brand that benefits from multiple revenue streams through its diverse portfolio of undervalued subsidiaries. The company strives to create long-term value for its shareholders by offering opportunities to invest across a diverse range of industries.

For more information, visit the company’s website at www.SinglePoint.com.

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING