Carbiz.com Inc. Announces Strategic Alliance With TD Bank.Business Editors TORONTO--(BUSINESS WIRE)--March 30, 2000 TD Bank (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TD.) (NYSE NYSE See: New York Stock Exchange :TD) and Carbiz.com, Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :CZ.) announced today that they have entered into and agreement to form a strategic alliance to expand TD's auto dealer consumer loan business through utilization of Carbiz's e-commerce solution for automobile financing. TD's participation will include both investment and operational components. Through Carbiz.com's Full Spectrum 2000 software auto dealers can obtain "on-the-spot" financing for consumers by connecting the dealers to credit bureaus and lenders via the Internet. Under the alliance, TD Bank plans to utilize Full Spectrum 2000 in its relationship and its dealer network across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . The two companies will also examine the other potential joint programs. "We are extremely pleased to have an alliance with a world-class financial institution like TD Bank," commented Carl Ritter Carl Ritter (August 7, 1779 – September 28, 1859) was a German geographer. Along with Alexander von Humboldt, he is considered one of the founders of modern geography. From 1825 until his death, he occupied the first chair in geography at the University of Berlin. , President of Carbiz.com. "TD Bank has shown itself to be at the forefront of the e-commerce financing initiatives," he added. "We look forward to working with Carbiz.com and its potential to deliver value-added business-to-business technology solutions to our customers," commented Steve Stewart Former Cincinnati Reds radio announcer Steve Stewart was hired by the club on February 11, 2004, and joined Marty Brennaman for half of that season's broadcasts while filling in for Joe Nuxhall. , Senior Vice President, Retail Credit Solutions, TD Bank. "The alliance will also provide TD Bank with an opportunity to increase our share of the large and still growing market for auto loans." |
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