Beautifully engraved certificate from Carbiz, Inc. issued in 2004. This historic document was printed by the Canadian Banknote Company and has an ornate border around it. This item has the printed signatures of the Company's President, and Corporate Secretary, and is over 7 years old. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K /A ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2009 Business. Carbiz Inc. We were incorporated pursuant to the provisions of the Business Corporations Act (Ontario) under the name "Data Gathering Capital Corp." on March 31, 1998. We changed our name from "Data Gathering Capital Corp." to "Carbiz.com Inc." on September 1, 1999. Thereafter, we changed our name again to "Carbiz Inc." on July 15, 2003. We currently operate one wholly-owned subsidiary in the United States, Carbiz USA Inc., which is incorporated in the State of Delaware. Carbiz USA Inc. also has nine operating subsidiaries in the United States, Carbiz Auto Credit, Inc., Carbiz Auto Credit AQ, Inc., Texas Auto Credit, Inc, Carbiz Auto Credit JV1, LLC, Carbiz Auto Credit IN1, Inc., Carbiz Auto Credit IN2, Inc., Carbiz Auto Credit IN3, Inc., Carbiz Auto Credit IN4, Inc., and Carbiz Auto Credit NE, Inc., all of which are incorporated in the State of Florida. On February 25, 2005, we entered into a joint venture agreement with an entity controlled by one of our directors for ownership of a 50% interest in Carbiz Auto Credit JV1, LLC, a limited liability company formed in Florida. On December 24, 2007, we acquired the remaining 50% interest in Carbiz Auto Credit JV1, LLC, which is now a wholly owned subsidiary of Carbiz USA Inc. All of the subsidiaries of Carbiz USA Inc. are in the consumer used auto sales and finance and leasing business. Our Canadian registered office is located at 180 Lesmill Rd, Toronto, Ontario, M3B 2T5. Our principal office is located at 7115 16 th Street E, Sarasota, Florida 34243. Our telephone number is (941) 952-9255. Our Businesses We are a provider of specialty consumer financing products as well as training and consulting services to the automotive dealer on-site financing industry in the United States. Since our founding in 1995, we have served numerous new and used car dealerships of all sizes and in many geographic areas. We have been and continue to be focused on Buy Here-Pay Here ("BHPH") dealerships, which are automotive dealers who use their own money to finance vehicles for customers with sub-standard or poor credit. In our fiscal year 2010 and in conjunction with our new financing of our automobile floor plan debt and financing receivables, we have converted some of our Buy Here-Pay Here stores to a Lease Here-Pay-Here ("LHPH") concept. This concept is similar to BHPH with the exception that the customer is leasing the car not purchasing it. We feel that this offering can attract new customers and fill a need in the market. In addition to offering LHPH at some of our stores, during our fiscal year 2010 we converted a portion of our existing BHPH loan portfolio to LHPH contracts as a requirement of our new financing with Dealer Services Corporation. In addition to continuing to grow our training and consulting business, the main thrust of our expansion strategy has been establishing our own group of on-site auto finance credit centers in order to capitalize on our knowledge and experience in this area. We opened our first "Carbiz Auto Credit" finance center in Palmetto, Florida on May 10, 2004. We opened our second credit center in St. Petersburg, Florida in November 2004, and we opened our third credit center, a joint venture location which is now a wholly owned subsidiary, in Tampa, Florida in May 2006. On October 1, 2007, we acquired substantially all of the assets and ongoing operations of 26 credit center locations in the Midwest, 3 of which were subsequently merged into nearby locations. We also merged one of our Florida credit centers into the other Florida locations. On December 24, 2007, through a newly formed wholly-owned subsidiary, Texas Auto Credit, Inc., we acquired assets located in Houston, Texas, from AGM, LLC, including used automobile and light truck loans and an inventory of used automobiles and light trucks. In conjunction with the asset acquisition, we opened our first store in Houston, Texas in December, 2007. Stock research by OldCompany.com (old stock certificate research service).