Business
PowerBand Provides Management Update
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2018) - PowerBand Solutions Inc. (TSXV...
About this update from Ameritrust Financial Technologies Inc.
[{"type":"text","content":"PowerBand Provides Management UpdateVancouver, British Columbia--(Newsfile Corp. - June 25, 2018) - PowerBand Solutions Inc. (TSXV: PBX) (OTC Pink: PWWBF) (FSE: 1ZV) (\"PowerBand\" or the \"Company\"), a leading online auction and remarketing platform to buy and sell used vehicles, is pleased to announce that it continues to build and strengthen its management team in these early stages of its growth as a public company.The board of directors (\"Board\") is pleased to have recently appointed Joe Mastrogiacomo, CA/CPA MBA, as PowerBand's Chief Financial Officer. As planned, the Board has accepted the resignation of Jing Peng as Chief Financial Officer and thanked him for his valuable contribution in leading the Company through its \"qualifying transaction\" and serving on an interim basis while the Company sought a permanent CFO. On the appointment of Mr. Mastrogiacomo, Kelly Jennings commented: \"As PowerBand is on the cusp of accelerated growth, we are pleased that Joe has decided to join our team. Joe brings a tremendous amount of experience in finance and operations to PowerBand. The Company will draw upon his former experience as Chief Financial Officer and Chief Operating Officer of Multimedia Nova Corporation, a publicly-listed company and one of Canada's longstanding and largest cultural and community publishers. I am looking forward to working with Joe as PowerBand's growth plans accelerate.\" Further, the Board has accepted the resignation of Barry McMillan as interim president and a director, effective June 25, 2018. Mr. McMillan will remain involved with the Company in a consulting capacity. Kelly Jennings, the Company's CEO, has assumed the role of interim president. Kelly Jennings commented: \"On behalf of the Board, I would like to personally thank Barry for the tremendous contribution he made to provide structure and direction for PowerBand as it commercialized its online auction remarketing platform and successfully completed its \"qualifying transaction\". Barry will continue to assist PowerBand in strategic initiatives where his background in bank and lender relations and digital retail solutions will enhance our commercial and retail opportunities\".Finally, PowerBand has granted certain officers and other advisors options to acquire 700,000 common shares of PowerBand (the \"Options\"). The Options have an exe...