Autobytel Announces New Car Partnership With AutoTrader.com; Autobytel's Autoweb.com to Be New Car Fulfillment Channel for AutoTrader.com Customers.Business Editors & Automotive/E-commerce Writers IRVINE, Calif.--(BUSINESS WIRE)--May 1, 2002 Autobytel Inc. (Nasdaq:ABTL ABTL Association Belge des Technologues de Laboratoire ), the Internet's largest new car buying program, today announced an agreement making Autobytel's Autoweb.com the exclusive third-party online new car buying service offered by AutoTrader.com, the Internet's largest auto classifieds marketplace. Through this agreement, AutoTrader.com's new car shoppers have the option to request competitive, no-haggle prices through Autoweb.com's dealer network. "This relationship brings together two giants in the online automotive arena to better serve new car shoppers and dealers," said Jeffrey Schwartz Jeffrey Schwartz is a research professor at the University of California in Los Angeles (UCLA) who is a major proponent of the idea that human will, intention or consciousness is nonmaterialistic and dualistic, possibly even being a "mental force" similar to that of gravity. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Autobytel Inc. "AutoTrader.com has proven its expertise in automotive commerce and its leadership in online automotive classifieds. The site has one of the largest audiences of Internet car shoppers, making it a natural fit with our nationwide network of trained, Internet new car dealers." In addition to serving as a fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. channel for AutoTrader.com's Buy Online marketplace, Autobytel's Autoweb.com will also be able to promote its new car buying program to AutoTrader.com's 7 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. monthly, driving traffic and delivering even more customers to its dealer network. About Autobytel Inc. Autobytel Inc. (Nasdaq:ABTL), a leading Internet automotive marketing services company, helps retailers sell cars and manufacturers build brands through marketing and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. (customer relationship management) programs. Autobytel Inc. owns and operates the popular Web sites Autobytel.com, Autoweb.com, Carsmart.com and Autosite.com, as well as AIC AIC Association des Infermières Canadiennes. (Automotive Information Center), a leading provider of automotive marketing data and technology. Autobytel Inc. generated an estimated four percent of all domestic new vehicle sales -- $17 billion in car sales in 2001 -- for dealers through its Web sites. With approximately 8,900 dealer relationships and 30 international automotive manufacturer customers, Autobytel Inc. is the largest syndicated car buying content network, reaching millions of unique visitors as they are making their vehicle buying decisions. Autobytel Inc. content and technology has potential exposure to over 90 percent of total Web traffic.(1) (1) Jupiter Media Metrix October 2001 Digital Media Audience Report (Autobytel Inc. sites is the unduplicated audience of the Autobytel and Autoweb properties and Carsmart.com. The car buying and ownership category as defined by Autobytel. Autobytel Inc. provides content to Yahoo! Inc., AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Web sites, MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). .com and Lycos.com. The unduplicated audience of these four sites accounts for over 90 percent of total traffic.) Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : The statements contained in this press release that are not historical facts are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, such forward-looking statements. Autobytel undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements are changes in general economic conditions, the economic impact of recent or future terrorist attacks, changes in laws and regulations, failure to realize the benefits of the relationship with AutoTrader.com, and other matters disclosed in Autobytel's filings with the Securities and Exchange Commission. Investors are strongly encouraged to review our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, and other filings with the Securities and Exchange Commission for a discussion of risks and uncertainties that could affect operating results and the market price of our stock. http://www.autobytel.com |
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