PowerBand Solutions Inc. announced the appointment of Darrin Swenson as CEO, thereby removing "Interim" from his title. Kelly Jennings, the Company's former CEO, has resigned, and signed a separation agreement providing for the repayment to Mr. Jennings by the Company of CAD 2 million of his loans, with the balance of CAD 2.6 million being repayable within 18 months, subject to Mr. Jennings complying with certain non-compete and confidentiality clauses in the Separation Agreement. These loans are non-interest bearing and were previously disclosed by the Company.