Carbeeza (CRBAF) has reached a settlement agreement with Northern Micro Inc. and IDX Systems Corp. regarding unpaid professional services related to licensing, service, and sales agreements. The company will pay $1.7 million in monthly installments from June 2025 through September 2027, with the option to make advance payments without penalty. Carbeeza, a Canadian software company, operates an AI-powered automotive marketplace platform that predicts optimal financing scenarios for consumers while maintaining their anonymity. The platform aims to streamline the car-buying process through mobile devices, benefiting both consumers and auto dealers.
Carbeeza (CRBAF) ha raggiunto un accordo transattivo con Northern Micro Inc. e IDX Systems Corp. riguardo a servizi professionali non pagati relativi a contratti di licenza, assistenza e vendita. L'azienda pagher脿 1,7 milioni di dollari in rate mensili da giugno 2025 a settembre 2027, con la possibilit脿 di effettuare pagamenti anticipati senza penali. Carbeeza, societ脿 canadese di software, gestisce una piattaforma di mercato automobilistico basata sull'intelligenza artificiale che prevede scenari di finanziamento ottimali per i consumatori mantenendo la loro anonimato. La piattaforma mira a semplificare il processo di acquisto dell'auto tramite dispositivi mobili, a vantaggio sia dei consumatori che dei concessionari.
Carbeeza (CRBAF) ha alcanzado un acuerdo de conciliaci贸n con Northern Micro Inc. y IDX Systems Corp. respecto a servicios profesionales impagados relacionados con contratos de licencias, servicios y ventas. La empresa pagar谩 1.7 millones de d贸lares en cuotas mensuales desde junio de 2025 hasta septiembre de 2027, con la opci贸n de realizar pagos anticipados sin penalizaci贸n. Carbeeza, una compa帽铆a canadiense de software, opera una plataforma de mercado automotriz impulsada por IA que predice escenarios 贸ptimos de financiamiento para los consumidores manteniendo su anonimato. La plataforma busca simplificar el proceso de compra de autos a trav茅s de dispositivos m贸viles, beneficiando tanto a consumidores como a concesionarios.
Carbeeza (CRBAF) a conclu un accord de r猫glement avec Northern Micro Inc. et IDX Systems Corp. concernant des services professionnels impay茅s li茅s 脿 des contrats de licence, de service et de vente. L'entreprise versera 1,7 million de dollars en versements mensuels de juin 2025 脿 septembre 2027, avec la possibilit茅 d'effectuer des paiements anticip茅s sans p茅nalit茅. Carbeeza, une soci茅t茅 canadienne de logiciels, exploite une plateforme de march茅 automobile aliment茅e par l'IA qui pr茅dit les sc茅narios de financement optimaux pour les consommateurs tout en pr茅servant leur anonymat. La plateforme vise 脿 simplifier le processus d'achat de voitures via des appareils mobiles, au b茅n茅fice des consommateurs et des concessionnaires.
Carbeeza (CRBAF) hat eine Vergleichsvereinbarung mit Northern Micro Inc. und IDX Systems Corp. bez眉glich unbezahlter professioneller Dienstleistungen im Zusammenhang mit Lizenz-, Service- und Verkaufsvertr盲gen getroffen. Das Unternehmen wird von Juni 2025 bis September 2027 monatliche Raten in H枚he von 1,7 Millionen US-Dollar zahlen, mit der M枚glichkeit, Vorauszahlungen ohne Strafgeb眉hren zu leisten. Carbeeza, ein kanadisches Softwareunternehmen, betreibt eine KI-gest眉tzte Automobil-Marktplatzplattform, die optimale Finanzierungsszenarien f眉r Verbraucher vorhersagt und dabei deren Anonymit盲t wahrt. Die Plattform zielt darauf ab, den Autokaufprozess 眉ber mobile Ger盲te zu vereinfachen und sowohl Verbrauchern als auch Autoh盲ndlern zugutekommen.
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Company required to pay $1.7 million settlement for unpaid professional services
Settlement payments will strain cash flow through September 2027
CALGARY, AB / / June 13, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) announces that, further to its news release of June 21, 2024, the Company has entered into a settlement and release agreement (the "Settlement") with Northern Micro Inc. and IDX Systems Corp. (the "Claimants"), in connection with a Statement of Claim filed by the Claimants for unpaid professional services. The claim relates to a licensing and service agreement, sublease, and sales agreement previously entered into between the Company and the Claimants.
In consideration for the mutual full and final release of claims, the Company agreed to pay the Claimants $1,700,000, inclusive of applicable taxes, payable in monthly installments commencing from the date of the Settlement and continuing through to September 2027. The Company may, at its discretion, make additional payments in advance without penalty. Upon full payment of the settlement amount, the parties shall file a discontinuance of claim in Alberta.
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.
Mark Tommasi, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
What is the settlement amount Carbeeza (CRBAF) agreed to pay?
Carbeeza agreed to pay $1.7 million, inclusive of applicable taxes, to Northern Micro Inc. and IDX Systems Corp.
What is the payment schedule for Carbeeza's settlement agreement?
The settlement will be paid in monthly installments from June 2025 through September 2027, with the option to make advance payments without penalty.
What was the reason for the legal claim against Carbeeza?
The claim was filed for unpaid professional services related to a licensing and service agreement, sublease, and sales agreement between Carbeeza and the Claimants.
What does Carbeeza's AI platform do?
Carbeeza's platform uses artificial intelligence to predict the best financing scenarios for consumers in the automotive marketplace while keeping them anonymous.
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