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CarBiz Inc.: CarBiz Inc. to Hold Performance Group Meeting After NABD In Las Vegas

^{Published on 2009-05-14 06:51:22, Last Modified on 2009-11-03 07:34:24 - Market Wire}
 

SARASOTA, FLORIDA--(Marketwire - May 14, 2009) - CarBiz Inc. (OTCBB:CBZFF) will hold a performance group meeting for participating dealers the day after the National Association of Buy-Here Pay-Here Dealers (NABD) convention in Las Vegas, Nev.

CarBiz, a specialist in the Buy-Here Pay-Here (BHPH) industry, provides a performance group program designed to save dealers time and money while helping them streamline operations and maximize profit.

The program brings together non-competing BHPH clients in similarly sized operations to exchange ideas and information. To save the dealers time and travel expenses, the meetings take place on conference calls and webinars. Clients discuss topics such as cash flow, accounts receivable, delinquency, portfolio value and more. Once a year, the groups convene in person for an intensive two-day business meeting. The calls and the annual retreat are professionally directed by a moderator.

According to CarBiz, a major advantage of attending performance groups is the networking opportunities available to participating dealers.

Though the post-NABD meeting is for current clients only, dealers interested in learning more about CarBiz's future performance groups should contact Michael Downey, Vice President of Business Development, at 800-547-2277, extension 1204.

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 ].

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.