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Technology Stocks : Autoweb IPO 3/22/99 AWEB -- Ignore unavailable to you. Want to Upgrade?

To: Marty R who wrote (622)	8/11/1999 8:20:00 AM
From: RickM	Respond to of 696

PR NEWSWIRE) Autoweb.com Introduces Direct-to-Consumer Auto Buying Servic Autoweb.com Introduces Direct-to-Consumer Auto Buying Service Leading Automotive Service is First to Expand Consumer Choice SANTA CLARA, Calif., Aug. 11 /PRNewswire/ -- Autoweb.com. (Nasdaq: AWEB), the leading consumer automotive Internet service, announced today the formation of a new direct-to-consumer auto buying service. Responding to consumer demand, Autoweb.com will be the first to offer multiple auto buying choices under one brand. "As a veteran in the online automotive arena, we are continuously hearing from consumers about ways in which they would like to use the Web to meet their automotive needs," said Dean DeBiase, president and CEO of Autoweb.com. "The combination of our popular dealer referral channel and our new direct-to-consumer channel is designed to appeal to the emerging demands of today's auto buyer, which include more choice in the auto buying experience." The new direct-to-consumer channel will be offered on Autoweb.com in a multi-state test market that begins August 30. Initially, visitors to Autoweb.com will find either the dealer referral channel or the direct-to-consumer channel, based on their location. A feature of the direct-to-consumer channel includes a state of the art customer contact center and highly trained Autoweb.com Advocates, who will handle the entire car shopping experience for the consumer, including research, financing, insurance, paperwork and delivery. As the direct-to-consumer channel is phased in regionally over the next few months, the site will continue to add functionality designed to handle increased direct commerce activity. Autoweb.com is partnering with over 5,000 Member Dealers to fulfill consumer demand for the direct-to-consumer channel. "Autoweb.com's Dealer Advisory Board has played a key role in addressing the evolving automotive Internet needs of our consumers," states Dean DeBiase, president and CEO, Autoweb.com. "The new channel has been developed to provide the best consumer experience and to anticipate the growing needs of our dealers to sell more cars in partnership with Autoweb.com." This additional component strengthens Autoweb.com's role as the leading consumer automotive Internet service, while enhancing its relationship with its customers and Member Dealers. About Autoweb.com Inc. Autoweb.com. is the leading consumer automotive Internet service. With an 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. For more information please visit the Autoweb.com website at www.autoweb.com. SOURCE Autoweb.com -0- 08/11/99 /CONTACT: LaurieAnne Lassek, 415-975-2236, or laurieanne.lassek@cbpr.com, or Loree Curtis, 415-538-7546, or loree.curtis@cbpr.com, both of Copithorne & Bellows, for Autoweb.com/ /Web site: autoweb.com (AWEB) CO: Autoweb.com ST: California IN: AUT MLM SU: PDT * end of story *