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on PowerBand Solutions Inc. (isin : CA73934B4001)

PowerBand Provides Bi-Weekly MCTO Status Update

TORONTO, ON / ACCESSWIRE / May 29, 2024 / PowerBand Solutions Inc. (TSXV:PBX); (OTC PINK:PWWBF) ("PowerBand" or the "Company") offers a bi-weekly status update in line with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").

On April 16, 2024, PowerBand announced a delay in filing audited consolidated financial statements for the year ended December 31, 2023. The Ontario Securities Commission granted the MCTO on April 30, preventing the CEO and CFO from trading but not impacting other shareholders.

Since the Default Announcement, there have been no material changes or additional defaults. The Company adheres to NP 12-203's alternative information guidelines and will continue issuing bi-weekly status reports.

PowerBand expects to file the outstanding documents by June 15, 2024, and remains committed to maintaining transparent communication throughout this process.

R. E.

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