(COMTEX) B: AUTOWEB.COM ACQUIRES PREMIER AUTOMOTIVE INTERNET SERVICE
B: AUTOWEB.COM ACQUIRES PREMIER AUTOMOTIVE INTERNET SERVICE SALESENHANCER.COM
PROVIDES AUTO DEALERS A TURNKEY SYSTEM FOR LEAD Management And Car Sales;
Consumers Stand to Benefit
SANTA CLARA, Calif., Jul 19, 1999 /PRNewswire via COMTEX/ --
Autoweb.com, Inc. (Nasdaq: AWEB), the leading consumer automotive
Internet service, today announced the acquisition of SalesEnhancer.com,
an Internet-based auto dealer support service from Solutions
Management, Inc. ("SMI"). SalesEnhancer.com provides a unique sales
management solution that enables dealers to better manage purchase
inquiries, improve consumer response time and sell more cars.
SalesEnhancer.com supports dealers' comprehensive sales channel needsby
tracking potential buyers from the Internet, telephone, walk-ins,
ordirect mail. The SalesEnhancer applications instantly alert dealers
to consumer requests, automate dealer responses and compile customer
profiles. They also accurately monitor the actual sales performance of
multiple lead sources utilized by auto dealers today and allow dealers
to evaluate and compare key sales performance criteria, as well as
automate sales and marketing activities. These unique state-of-the-art
applications can interact with dealers' existing customer management
systems, such as ADP and Reynolds and Reynolds, and are compatible with
all non-proprietary and open Internet autoservices.
"In an environment where both auto dealers and customers are
increasingly dependent on the Internet, this purchase makes us a major
resource for dealer technology and support. It allows us to give our
Member Dealers the ability to manage multiple sales sources in one
simple web-based service," saidDean DeBiase, president and CEO,
Autoweb.com. "Addressing these needs in anopen and competitive way best
serves dealers, which in turn will help us build dealer relationships,
facilitate growth and improve consumer satisfaction, all while
providing Autoweb.com an additional revenue stream."
SalesEnhancer.com has already achieved considerable success with its
installed dealer base. "SalesEnhancer has quickly become an
indispensable tool because I can respond to customer inquiries much
faster and more efficiently, said Carla Foxx, Internet Manager for
Childress Buick Kia EV Global in Phoenix, AZ. "The bottom line is, it
helps me sell more cars."
Autoweb.com is currently offering the SalesEnhancer application to its
Member Dealers and non-Member Dealers alike, making it the only
Internet service to offer such comprehensive tools to dealers outside
its network. Autoweb.com already offers its Member Dealers
comprehensive training and development, including a 3-step
certification program, dedicated Regional Account Managers and
personalized Customer Care.
Conference call Autoweb.com will hold a conference call today, July
19th at 10:00 a.m. Pacific Time. (please call in 10 minutes prior to
the start of the call)To participate in the call, please dial
312-470-0185. There will be a replay available for 48 hours at
402-998-1113.
About Autoweb.com, Inc. Autoweb.com is the leading consumer automotive
Internet service. Withan extensive collection of automotive-related
community, content and commerce offerings, Autoweb.com guides consumers
through every stage of vehicle ownership from browsing and buying, to
enjoying, maintaining and selling. As a trusted intermediary, the
Autoweb.com process connects mass market consumers to real-world buying
alternatives through the most extensive network of Member Dealers and
other commerce partners, and ensures the consumer experience is faster,
better and easier.
Forward Looking Statements This press release contains forward-looking
statements that involve risks and uncertainties that could cause actual
results to differ materially from current expectations. Statements made
in this release that relate to future plans, events or performances or
statements containing words such as "will" are forward-looking
statements. These statements are based on current expectations and
involve risks and uncertainties. Factors that could causeor contribute
to actual results differing from current expectations include, but are
not limited to difficulties in developing and implementing theacquired
products and uncertainty of market acceptance of the acquired products.
Please refer to the Company's public filings made with the Securities
and Exchange Commission ( sec.gov ) for additional and more
detailed information on risk factors that could cause actual results to
differ materially from our current expectations. Autoweb.com assumes no
obligation to update the forward-looking information contained in this
press release.
SOURCE Autoweb.com, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Michele Hickford of Autoweb.com, Inc., 408-554-9552, or
micheleh@autoweb.com; or Public Relations, LaurieAnne
Lassek of Copithorne
& Bellows, 415-284-5200, or laurieanne.lassek@cbpr.com,
for Autoweb.com, Inc.;
or investors, Ellen Brook of Stapleton Communications,
650-470-0200, or
ellen@stapleton.com, for Autoweb.com, Inc.
WEB PAGE: autoweb.com
GEOGRAPHY: California
INDUSTRY CODE: AUT
MLM
SUBJECT CODE: TNM
*** end of story *** |
