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Technology Stocks : Autobytel (ABTL) - Buy Autos online -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (172)	4/22/1999 9:53:00 AM
From: Mohan Marette	Respond to of 594

ABTL Ranks NO.1 in J.D Power survey. Panita: Good news indeed, then again you already know that since you have used them already right? ============================== Thursday April 22, 9:00 am Eastern Time Company Press Release Autobytel.com Ranks No. 1 In J.D. Power and Associates Dealer Satisfaction With Online Buying Services Study Two Years In A Row Study Shows Autobytel.com's Leadership Position IRVINE, Calif.--(BUSINESS WIRE)--April 22, 1999--For the second consecutive year, autobytel.com inc. (Nasdaq:ABTL - news) is the leader among online buying services according to the J.D. Power and Associates 1999 Dealer Satisfaction with Online Buying Services Study. Of the study's five key measures used to determine overall dealer satisfaction, Business Generation dominated at 62% of the total index. The Business Generation measure assesses quantity and quality of leads, number of sales, gross profit and marketing success. Other key measures included Web Site Information, Transmission of Leads, and Dealer Support and Services. ''We are pleased that J.D. Power and Associates has reported that Autobytel.com generates nearly as many new-vehicle sales as its two closest competitors combined,'' said Mark Lorimer, autobytel.com inc. president and CEO. ''The weight of the Business Generation measure in this study reinforces our belief that delivering serious car buyers -- rather than random site surfers who have no intention of completing the purchase process -- to Accredited Dealers is the most effective business philosophy for independent online car-buying programs.'' With a recent Forrester Report predicting continued growth in online car sales, Autobytel.com believes that maintaining a long-term leadership position among the country's 22,600 dealers is crucial. ''Autobytel.com's commitment to the best possible car-buying experience for consumers has meant that we have always placed a strong emphasis on the quality -- and training -- of our Accredited Dealers,'' said Lorimer. ''It's gratifying that the stringent requirements placed on our dealer body have garnered their endorsement, as reported by one of the most respected information marketing research firms in the world. We have always believed that a balanced equation -- satisfied dealers equal satisfied consumers and vice versa -- is key to the success of the online car-buying revolution.'' About autobytel.com Irvine-based autobytel.com inc. (www.autobytel.com) is an internationally branded Internet-based purchasing program for new and certified pre-owned vehicles and related consumer services, including automotive financing, leasing, a rewards program, and insurance. Autobytel.com has assisted more than 2.5 million car buyers since its inception in 1995. In 1999, Autobytel.com was ranked No. 1 in Dealer Satisfaction with Online Buying Services for the second year in a row (a). Autobytel.com's North American Accredited Dealer Network includes more than 2,700 dealerships, representing every major automotive manufacturer. Autobytel.com is a registered service mark of autobytel.com inc. (a) J.D. Power and Associates 1998-1999 Dealer Satisfaction With Online Buying Services Studies(SM). 1999 study conducted among dealership Internet specialists who completed 1,024 individual evaluations. --------------------------------------------------------------------------------

To: Panita who wrote (172)	4/26/1999 8:39:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 594

Hot off the Press-->Autobytel Launches Aution Program. Well this should be worth some chump change,I think. ==================================== Monday April 26, 7:45 am Eastern Time Company Press Release Autobytel.com Launches Auction Program Wholesale.autobytel.com Designed to Lower the Cost of Buying and Selling Pre-owned Vehicles IRVINE, Calif.--(BUSINESS WIRE)---April 26, 1999--Autobytel.com inc. (Nasdaq:ABTL - news) is now processing auction transactions through its new auction program, Wholesale.autobytel.com (http://wholesale.autobytel.com). Designed to revolutionize yet another aspect of the automotive industry, Wholesale.autobytel.com provides car dealers the opportunity to substantially reduce the typical costs associated with purchasing pre-owned wholesale vehicles at traditional auto auctions. Currently available to all 2,700 Autobytel.com Accredited Dealers, the multi-tiered Wholesale.autobytel.com will soon be open to non-Autobytel.com dealers, fleet, rental, and lease companies. ''Car dealers have relied on auction systems as a way to purchase pre-owned vehicles for years,'' said Mark Lorimer, President and CEO of autobytel.com inc. ''Wholesale.autobytel.com offers car dealers the opportunity to significantly reduce the cost of wholesale car purchasing, a savings that ultimately can be passed onto consumers.'' Traditional auctions involve significant costs, including travel to and from the auction site and administration costs that do not exist in the online auction model. When dealers or third-party resellers access Wholesale.autobytel.com, they can sell their vehicles and bid on others from any location in North America -- eliminating travel time or costs incurred each time their inventory needs replenishing. In addition, dealers benefit from being able to post their pre-owned vehicle inventory and take bids any time of the day or night. Key features of Wholesale.autoybtel.com include photos and detailed descriptions of every vehicle in auction, real-time bid alerts, buyer and seller profiles, detailed statistical reporting for both buyer and seller, automated inventory uploads, and real-time auction information. Before a vehicle is posted for auction on the site, it will undergo an inspection where a Vehicle Condition Report will be generated. An escrow system completes the process. About autobytel.com inc. Irvine, Calif.-based autobytel.com inc. (www.autobytel.com) is an internationally branded Internet-based purchasing program for new and certified pre-owned vehicles and related consumer services, including automotive financing, leasing, a rewards program, and insurance. In 1999, Autobytel.com was ranked no. 1 in Dealer Satisfaction with Online Buying Services for the second year in a row(a). Autobytel.com's North American Accredited Dealer Network includes over 2,700 dealerships, representing every major automotive manufacturer. Autobytel.com is a registered service mark of autobytel.com inc. (a) J.D. Power and Associates 1998-1999 Dealer Satisfaction With Online Buying Services Studies(SM). 1999 study conducted among dealership Internet specialists who completed 1,024 individual evaluations