SOURCE: Carbiz Inc.

March 15, 2007 13:01 ET

The $2.5 Million Talk: CEO of Carbiz Inc. Featured in MN1.com Interview

SARASOTA, FL -- (MARKET WIRE) -- March 15, 2007 --Carl Ritter, CEO of Carbiz Inc. (OTCBB: CBZFF) will be featured in an exclusive Market News First interview Thursday, March 15, 2007 at 1:15 p.m. CDT to discuss the recent finalization of financing at www.mn1.com.

Among topics discussed, Ritter will detail a US$2.5 million convertible debenture financing with Trafalgar Capital Specialized Investment Fund to boost capital for Carbiz, resulting in the growth of its car dealership chain.

Join Ritter as he highlights the Company's latest news such as the recent partnerships made with Allstate Capital, the Automobile Dealer Association and the Automotive Industry Center for Excellence, and Carbiz's completion of a project with Tracker Marine Financial Services and more.

Carbiz specializes in the development, marketing and distribution of software and Internet products for the financial sector of the United States automotive industry. Its suite of products includes the "buy-here pay-here" finance option.

To learn more about the Company and its strategic positioning to succeed in a competitive marketplace, log on to www.mn1.com Thursday, March 15, 2007.

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.

About MN1.com

Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.

Contact Information

  • Contact:
    Mercantile Ascendency
    214-461-3429