Carbiz Inc.
OTC Bulletin Board : CBZFF

Carbiz Inc.
Agoracom

Agoracom

September 28, 2007 09:35 ET

CarBiz Inc. Retains AGORACOM to Provide Online Marketing and Social Network for Shareholders

SARASOTA, FLORIDA--(Marketwire - Sept. 28, 2007) - CarBiz Inc.(OTCBB:CBZFF) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online marketing services and a Web 2.0 social network that will provide shareholders with the ability to communicate in a monitored environment free of spam and profanity experienced by them on unmonitored discussion forums.

ONLINE MARKETING THROUGH TIER-1 FINANCE SITES

In response to overwhelming data representing the online research and communications habits of small-cap investors, CarBiz has turned the primary focus of its investor relations marketing to the web via the AGORACOM network.

As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to every Blackberry device on the planet, Yahoo Finance Canada and AOL Finance Canada, reaching a total audience of 1.4 million small-cap investors, AGORACOM will provide Tier-1 financial coverage of all newsworthy CarBiz press releases for the purposes of raising awareness of the company and its developments in the investment community.

LAUNCH OF CARBIZ COMMUNITY

Effective Monday, October 1, 2007, a customized and monitored CarBiz IR Hub (http://www.agoracom.com/IR/carbiz) will provide the Company with an ability to communicate with all shareholders simultaneously, anytime and in near real-time. Our new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, webcasts and podcasts. In addition to traditional e-mail, shareholders will also have the ability to receive all communications via RSS feed.

The CarBiz IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst shareholders that is free of spam, profanity and misinformation. Second, a social network that provides shareholders with the ability to create extensive profiles that include photos, bios, video messages to fellow shareholders, a rating system and other important items to create a closer bond between our shareholders.

CarBiz CEO Carl Ritter stated, "I believe the time has now come to significantly increase our awareness in the massive online small-cap community. I strongly encourage our shareholders to begin taking advantage of our new online community, which demonstrates we are a fully accessible organization with a great story to tell."

About AGORACOM

AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. AGORACOM has partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to provide marketing services. AGORACOM has served over 200 companies since 1997.

AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.

AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. AGORACOM traffic ranking is above the top 1% of all websites around the world.

About CarBiz Inc.

Based in Sarasota, Florida, CarBiz is 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. CarBiz also operates "buy-here pay-here" dealerships in Florida through its CarBiz Auto Credit division that are wholly-owned or joint venture companies. 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 CarBiz seeks to expand its operations in Florida in the future. For more information about CarBiz and its services, visit CarBiz's web site: www.CarBiz.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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