Carbiz Inc.
OTC Bulletin Board : CBZFF

Carbiz Inc.

June 05, 2007 08:01 ET

CarBiz Inc. Expands Sales Division

SARASOTA, FLORIDA--(Marketwire - June 5, 2007) - Carl Ritter, chief executive officer of CarBiz Inc. (OTCBB:CBZFF) ("Carbiz"), is pleased to announce expansion of its software and consulting sales team. The increase will provide CarBiz with the ability to reach out to additional prospects.

A majority of the new sales staff reflects CarBiz's ongoing college recruitment initiatives.

"Expansion of our sales team allows us to further penetrate the market," said Ritter. "There are thousands of dealers in the United States who need the software and consulting services that we can offer."

CarBiz will hold its shareholders' Annual General Meeting on June 22 at 5 p.m. at the The Hyatt, 1000 Boulevard of the Arts, Sarasota, Florida. All shareholders are invited to attend, and guests are welcome. To reserve seating, call Carbiz at 941-952-9255, ext. 1003 or send email to jhalloran@carbiz.com.

The meeting will include a presentation from management with management's vision for expanding Carbiz's automotive specialty finance business; and a review of past performance.

About CarBiz

Based in Sarasota, Florida, CarBiz Inc. 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, 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.

Contact Information

  • CarBiz Inc.
    Jennifer Downey
    Software Operations Manager
    (941) 952-9255, ext. 1203
    Website: www.CarBiz.com