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Autobytel Inc. Announces Inducement Options Grants to Certain Employees.


IRVINE, Calif. -- Autobytel Inc. (Nasdaq:ABTL ABTL Association Belge des Technologues de Laboratoire ), a leading Internet Internet

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 with NASDAQ rules, that, excluding the previously announced options to purchase 300,000 shares of common stock granted on January 30, 2007 to Monty (programming, abuse) monty - /mon'tee/ Any program with a ludicrously complex user interface that performs a trivial task. An example would be a menu-driven, button clicking, pulldown, pop-up windows program for listing directories.  Houdeshell, its Executive Vice President and Chief Financial Officer, between January 4, 2007 and April 2, 2007, it made stock option inducement Inducement
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 grants under the 2006 Inducement Stock Option Plan to purchase 119,500 shares of common stock of Autobytel in connection with hiring 32 individuals to become employees of Autobytel. The exercise prices for such options range from $3.26 to $3.86 per share of common stock, and are equal to the closing market price of Autobytel's common stock on The NASDAQ Global Market on the respective date of grant.

Assuming such individuals remain actively employed by Autobytel through each stated respective anniversary date, then such options vest, as to one-third, on the first anniversary of the respective date of grant, and 1/36th on each monthly anniversary thereafter ending on the third anniversary of the respective date of grant. The options may be exercised once they vest.

About Autobytel Inc.

Autobytel Inc. (Nasdaq:ABTL) is one of the largest online automotive marketplaces, empowering consumers to make smart vehicle choices using objective automotive data and insightful interactive editorial content. The result is a convenient car-buying process backed by a nationwide network of dealers who are committed to providing a positive consumer experience. Every day consumers choose Autobytel-owned and operated websites -- Autobytel.com, Autoweb.com, CarSmart.com, Car.com, AutoSite.com, Autoahorros.com, and CarTV.com - to facilitate their car-shopping decisions. Autobytel's ability to attract millions of highly qualified, in-market car buyers and connect them with retailers has made it a leader in facilitating the entire customer car-buying lifecycle.

The Company's innovative marketing, advertising, data 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.  products, including its Web Control[R] customer management system, Retention Performance Marketing (RPM (1) (Revolutions Per Minute) With electric and electronics devices, RPM measures the rotational speed of the motor's spindle. Floppy disks rotate at 300 RPM, while hard disks rotate from 3,000 to 15,000 RPM. [R]) service reminder program, Special Finance Leads(SM), and AIC AIC Association des Infermières Canadiennes. [R] data center, are designed to enable dealers to offer a premium consumer experience. Since pioneering pro-consumer online automotive content and purchasing in 1995, Autobytel has helped more than twenty-seven million car buyers, generating billions of dollars in car sales for dealers.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 27, 2007
Words:374
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