Business
Powerband Announces Appointment Of New Director And Grant Of Options
VANCOUVER, BC / ACCESSWIRE / July 11, 2019 / PowerBand Solutions Inc. (TSXV: PBX) (OTCQ...
About this update from Ameritrust Financial Technologies Inc.
[{"type":"text","content":"Powerband Announces Appointment Of New Director And Grant Of OptionsVANCOUVER, BC / ACCESSWIRE / July 11, 2019 / PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) (\"PowerBand\", “PBX” or the \"Company”), a leading online automotive auction, remarketing and vehicle acquisition and sales platform in North America, is pleased to announce that it has appointed Ivan Buzbuzian to its board of directors (the “Board”). Mr. Buzbuzian brings an extensive background in the areas of capital markets, project development, operations, and management. Originally, Mr. Buzbuzian was involved in the management and operations of his family business, a nonferrous jobbing foundry, which had over sixty years of success in both the Canadian and U.S. markets. Mr. Buzbuzian has participated financially and actively in other business ventures both in the private and public sectors, expanding from manufacturing to service sectors and commerce, project financing, marketing, real estate, healthcare, and natural resources. Mr. Buzbuzian’s experience as a registered broker with the Ontario Securities Commission is a credit not only to his knowledge of the public markets and the financial industry, but also to his professionalism and integrity. Mike Moen, President of PowerBand, stated: “We are very pleased that Ivan has accepted our offer to join the Board of PowerBand. Ivan has a deep knowledge of the investment industry and a broad global network of automotive, software and investment industry executive contacts which will advance PowerBand’s growth in the future. We are looking forward to working with Ivan to expand PowerBand’s global reach.”In relation to his appointment to the Board PowerBand has granted Ivan Buzbuzian incentive stock options to acquire 500,000 common shares of the Company at an exercise price of $0.10. The options expire five years from the date of grant and will vest over a two year period.In addition to the options granted to Ivan Buzbuzian the Company has also granted incentive stock options to employees, consultants, officers and directors to acquire 6,300,000 common shares of PowerBand at an exercise price of $0.10. The options expire five years from the date of grant. 2,000,000 of the options vest immediately, with 4,300,000 options vesting o...