Business
CARco, a Leader in Automotive Warranty & Protection Products, to Introduce PowerBand's Virtual Transaction Platform to Nationwide Network of Auto Dealers
VANCOUVER, BC / ACCESSWIRE / June 29, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF...
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[{"type":"text","content":"CARco, a Leader in Automotive Warranty & Protection Products, to Introduce PowerBand's Virtual Transaction Platform to Nationwide Network of Auto DealersVANCOUVER, BC / ACCESSWIRE / June 29, 2020 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) (\"PowerBand\", \"PBX\" or the \"Company\") is pleased to announce that Comprehensive Auto Resources Company, Inc. (\"CARco\"), one of the United States' leading administrators of automobile protection products, will be promoting PowerBand's virtual transaction platform to auto dealers across the United States.CARco is joining with Texas-based D&P Holdings, Inc. (\"D&P\"), which has partnered with PowerBand, to offer consumers a wide range of vehicle protection products and warranties on the PowerBand virtual transaction platform. When consumers buy, lease, sell and trade vehicles on PowerBand from their smart phone and other digital devices, from any location, they will have access to CARco and D&P vehicle protection products.CARco is a managing general insurance agency that works with six national insurance companies and more than 1,000 agents, with reach into thousands of auto dealerships nationwide. CARco administers more than 100,000 new vehicle protection products every month in the United States.\"We believe PowerBand is offering a ground-breaking way for consumers and dealers to buy, sell, lease and trade vehicles,\" said CARco President and CEO Charlie Caronia. \"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.\"Based in Exton, Pennsylvania, CARco was founded in 2004 to offer automotive dealers and consumers a wide array of vehicle protection and warranty products. Those include Total Loss Protection (TLP), theft protection, tire & wheel and road hazard protection (T&W), GAP and many other products.\"Charlie Caronia and CARco are respected leaders in the automotive warranty business and we are delighted they are joining D&P on the PowerBand platform,\" said PowerBand CEO Kelly Jennings. \"Together, we will be able to offer consumers and dealers a wide array of automotive vehicle protection and insurance products, simply by using a smart phone ...