SOURCE: Carbiz Inc.

March 29, 2007 10:41 ET

Micros Report Initiates Coverage of CarBiz Inc.

SARASOTA, FL -- (MARKET WIRE) -- March 29, 2007 -- CarBiz Inc. (OTCBB: CBZFF) ("Carbiz") is pleased to announce the initiation of research covering Carbiz and the automotive financing industry by Director of Research, Michael A. Willingham, of Micros Report.

Although Carbiz engaged Micros Report to independently produce the research, Carbiz provides no opinion or endorsement relating to the results or views expressed in the report. The entire report can be read for insight into the automotive financing industry and how CarBiz has positioned itself, available at the MN1.com website, under the section called "Latest Analysts Reports."

About Carbiz

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

Certain statements, other than statements of historical fact, in this news release may be forward-looking statements that involve various risks and uncertainties. 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 the risk factors described in Carbiz's Form SB-2 registration statement filed on September 2, 2006 with the U.S. Securities and Exchange Commission. 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

  • Stan Heintz
    Chief Financial Officer
    (800) 547-2277 x1501
    (941) 308-2718 Fax

    Mercantile Ascendency
    Vincent Duhon
    214-461-3429