Carbiz Inc.
OTC Bulletin Board : CBZFF

Carbiz Inc.

November 19, 2007 09:01 ET

CarBiz Experts to Join NABD Conference Lineup in May 2008

SARASOTA, FLORIDA--(Marketwire - Nov. 19, 2007) - CarBiz Inc. (OTCBB:CBZFF), announced that its experts will provide dealer education and professional development as part of the National Alliance of Buy Here, Pay Here Dealers (NABD) conference in May 2008. CarBiz has previously conducted its own conference in November each year, but determined that dealers would be better served by a single, annual destination for professional development and peer networking.

"Consolidating our annual CarBiz educational offering with the NABD conference will help dealers save time and money with one trip each year to learn ways to increase profitability and professionalism in their dealerships," said Mike Downey, business development manager at CarBiz. "We have tremendous respect for the high professional standards of NABD and President Ken Shilson. We are proud to associate the CarBiz brand with such a fine organization."

This press release is available on the CarBiz IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/Carbiz . Alternatively, investors are asked to e-mail all questions and correspondence to CBZFF@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.

About CarBiz Inc.

Based in Sarasota, Florida, CarBiz owns and operates the nation's fourth-largest chain of "buy-here pay-here" dealerships through its CarBiz Auto Credit division. The company is also a leading provider of software, training and consulting solutions to the United States automotive industry. CarBiz's suite of business solutions includes dealer software products focused on the "buy-here pay-here," sub-prime finance and automotive accounting markets. Capitalizing on expertise developed over 10 years of providing software and consulting services to "buy-here pay-here" businesses across the United States, CarBiz entered the market in 2004 with a location in Palmetto, Florida. CarBiz has added two more credit centers since - in Tampa and St. Petersburg - and recently acquired a large regional chain in the Midwest, bringing the total number of dealerships to 26 in eight states. For more information about CarBiz and its services, visit CarBiz's web site: www.CarBiz.com.

About NABD

The National Alliance of Buy Here, Pay Here Dealers (NABD) was founded in 1999 as the only organization focusing exclusively on the needs of the large and growing Buy Here, Pay Here industry. NABD, as a special interest group, is dedicated to improving the quality of Buy Here, Pay Here dealers through education, ongoing training, and by promoting the interests of self-finance dealers nationwide. Information: www.bhphinfo.com.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future growth plans and objectives of CarBiz. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements as a result of known and unknown risks, uncertainties and other factors. Such factors that could cause actual results and future events to differ from those anticipated in such statements include, but are not limited to, the market acceptance of CarBiz's Auto Credit Centers, the ability of CarBiz to effectively deploy the funds received from the convertible debenture financing, the ability of CarBiz to close on additional tranches of the convertible debenture financing, the possibility that the liquidated damage provisions or the default provisions could be triggered under the terms of the convertible debenture financing which could be adverse to CarBiz, CarBiz's ability to measure the default rate of its borrowers, competition, the impact of any changes in applicable government regulation and general economic conditions. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. CarBiz assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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