Carbeeza Inc. Announces U.S. Listing on the OTCQB and Receives DTC Eligibility

Rhea-AI Summary

Carbeeza Inc. announces commencement of trading on the OTCQB Venture Market

Positive

• Carbeeza's common shares will commence trading on the OTCQB Venture Market
• Listing on the OTCQB will increase liquidity and attract U.S.-based investors
• The company's imminent launch of its platform in the U.S. is expected to drive interest
• Carbeeza's UltraLead application streamlines the lead pipeline for auto dealers
• The company aims to grow its global investor base through listings in Canada and the U.S.

Negative

• None.

CALGARY, Alberta--(BUSINESS WIRE)-- Carbeeza Inc. ("Carbeeza" or the "Company") (TSX.V:AUTO) (OTCQB: CRBAF) is pleased to announce that its common shares (the “Shares”) will commence trading under the symbol “CRBAF” on the OTCQB Venture Market (“OTCQB”) effective October 18, 2023.

Carbeeza CEO, Sandro Torrieri, comments: “Listing on the OTCQB, enables our U.S. shareholders to more effectively participate in trading Carbeeza Shares and will increase liquidity in multiple jurisdictions. With our imminent launch of our platform into the U.S., we expect to attract many U.S.-based retail and institutional investors who are interested in exposure to Carbeeza and UltraLead in the United States. UltraLead leverages proprietary AI to enhance basic leads with highly accurate qualifying information. UltraLead is an application service that streamlines the lead pipeline for auto dealers and eliminates the need for extensive customer interviews and guesswork. The tool provides dealers with comprehensive insights into the lead's financial profile and options, resulting in improved efficiency and a higher degree of lead accuracy. We look forward to growing our global investor base through our listings in Canada and the U.S. as we proceed into a highly active period for the Company.”

The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The Shares of the Company, trading under the symbol "CRBAF" in the United States, are now eligible to be electronically cleared and settled through the DTC and are therefore considered "DTC eligible". This electronic method of clearing securities offers a more efficient, lower-cost settlement process for investors and brokers.

The OTCQB is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process

Carbeeza Inc.

Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.

ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC.

Sandro Torrieri, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231020544182/en/

For further information:



Sandro Torrieri, Chief Executive Officer

Email: Investorrelations@carbeeza.com

Telephone: 1-855-216-8802

Website: www.carbeeza.com

Source: Carbeeza Inc.

FAQ

When will Carbeeza's common shares commence trading on the OTCQB Venture Market?

Carbeeza's common shares will commence trading on the OTCQB Venture Market effective October 18, 2023.

What is UltraLead?

UltraLead is an application service developed by Carbeeza that enhances basic leads with highly accurate qualifying information, streamlining the lead pipeline for auto dealers.

What are the benefits of listing on the OTCQB Venture Market?

Listing on the OTCQB Venture Market increases liquidity and enables U.S. shareholders to effectively participate in trading Carbeeza shares.

What is Carbeeza's plan for growing its global investor base?

Carbeeza aims to grow its global investor base through listings in both Canada and the U.S. as it proceeds into a highly active period for the company.