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CarBiz Inc.: CarBiz Inc. to Provide Training and Consulting Services to Auto Master Systems, Inc.

^{Published on 2009-05-12 08:27:33, Last Modified on 2009-11-02 11:45:09 - Market Wire}
 

SARASOTA, FLORIDA--(Marketwire - May 12, 2009) - CarBiz Inc. (OTCBB:CBZFF) announced today that it will be the exclusive provider of training and consulting services to Auto Master Systems, Inc.

This new partnership aligns the industry's largest provider of Buy-Here Pay-Here (BHPH) software with one of the most experienced consulting and training establishments in the business.

Auto Master supplies software solutions for nearly 1000 BHPH dealerships in the United States and Canada. As part of its commitment to being the leading name in BHPH software, Auto Master searched for a service to improve and refine operations.

The company selected CarBiz for its industry leadership and expertise. With 25 dealerships throughout the United States, CarBiz specializes in the BHPH business. CarBiz relies on two decades of experience to train and consult with dealers seeking to improve their own BHPH operations.

Brian Hoppel, Vice President of Auto Master, stated, "Aligning with CarBiz was an easy decision. We listened to our dealers, who asked for more consulting and training and we knew just where to look. CarBiz has extensive consulting and training experience, and has made a lot of BHPH dealers what they are today."

CarBiz will immediately implement its consulting services for Auto Master via webinars, monthly conference calls and on-site consulting and training. Furthermore, the CarBiz and Auto Master statistical databases will be combined to provide more statistical data for dealers.

About CarBiz Inc.

Leveraging two decades of industry experience, CarBiz operates 25 Buy-Here Pay-Here (BHPH) credit centers throughout the United States. The company also provides training, consulting, performance groups and management services for dealers seeking to improve their BHPH programs. For more information about CarBiz and its services, visit [ http://www.CarBiz.com ].

About Auto Master Systems, Inc.

Auto Master is the top Buy-Here Pay-Here software company in the business. The company is dedicated to developing the best product for the self-financing dealer. Visit [ http://auto-master.com ] for further details.

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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any of our future results or achievements expressed or implied by such forward-looking statements.
Such factors include, but are not limited to the following: (i) whether we are successful in implementing our business strategy; (ii) our ability to increase revenues in the future and to continue as a going concern; (iii) our ability to obtain additional financing on terms favorable to us, if at all, if our operating revenues fail to increase; (iv) our ability to attract and retain key personnel; (v) the impact on the market price of our common shares of the concentration of common share ownership by our directors, officers and greater than 5% shareholders, which may delay, deter or prevent actions that would result in a change of control; (vi) the significant fluctuation of the market price of our common shares; (vii) costly difficulties we may face in the assimilation of the operations, technologies and products of companies that we may acquire in the future; (viii) the adequacy of our insurance coverage to cover all losses or liabilities that may be incurred in our operations; (ix) our dividend policy; (x) the impact on our financial position, liquidity and results of operations if we underestimate the default risk of sub-prime borrowers; (xi) general economic conditions; (xii) general competition; (xiii) our ability to comply with federal and state government regulations; (xiv) potential infringement by us of third parties' proprietary rights; (xv) defects in our products; (xvi) our compliance with privacy laws; (xvii) our ability to obtain adequate remedies in the event that our intellectual property rights are violated; (xviii) our ability to develop and market on a timely and cost-effective basis new products that meet changing market conditions, and (xix) the risk factors identified in our most recent Annual Report on Form 10-KSB, including factors identified under the headings "Description of Business," "Risk Factors" and "Management's Discussion and Analysis or Plan of Operation." Although we believe that expectations reflected in these forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements or other future events. Moreover, neither we nor anyone else assumes responsibility for the accuracy and completeness of these forward-looking statements. We are under no duty to update any of these forward-looking statements. You should not place undue reliance on these forward-looking statements.