autobytel.com inc. Announces Chief Financial Officer; Hoshi Printer Named CFO

Apr 19, 2001, 01:00 ET from autobytel.com inc.

    IRVINE, Calif., April 19 /PRNewswire/ -- autobytel.com inc. (Nasdaq:   ABTL)
 today announced the appointment of Hoshi Printer as Executive Vice President
 and Chief Financial Officer.  Printer served as Autobytel.com's Chief
 Financial Officer from January 1999 to June 2000.  Amit Kothari,
 Autobytel.com's Interim CFO, will resume his position as Vice President,
 Corporate Controller for the company.
     "I am very pleased to announce Hoshi's return.  This quarter alone we have
 launched a pilot with General Motors, signed an agreement to acquire Autoweb
 -- which is projected to make us a $100 million a year revenue company -- and
 reiterated our Q3 profitability targets," said Mark Lorimer, President and CEO
 of autobytel.com inc.  "Hoshi's extensive background in finance, his
 understanding of the complexities of the automotive industry, and his
 experience as CFO of several high profile technology companies, including
 Autobytel.com, will serve us well as we continue to grow and diversify, both
 globally and domestically.
     "Moreover, as we approach our profitability goal," continued Lorimer, "we
 are especially pleased that our financial team will continue to benefit from
 Amit's expertise, not only in the very crucial role of Corporate Controller,
 but also in the area of strategic financial development."
     Printer, who has over 35 years of experience in financial management, has
 served as CFO of BestOffer.com, a San Francisco-based online used car company,
 and of Peerless Systems Corporation, a leader in embedded imaging systems.
     "I have watched Autobytel.com grow by leaps and bounds over the past year
 and I am deeply impressed by the company's continued leadership, its very
 strong management team, its laser focus on profitability and, most
 significantly, its compelling vision for the future of global online
 automotive commerce," said Printer. "I am very happy to rejoin the company as
 part of the team moving the company towards what I believe to be a very
 exciting and financially solid future."
     Printer has also held the CFO post at a number of other high-tech
 companies, including Neuron Data, developers of high-end, enterprise-wide
 client-server, object and web oriented tools; Soane Technologies, Inc., an
 ophthalmics and bioscience business based on polymer chemistry; and
 Catalytica, Inc., developers of environmental technology.  Printer began his
 career at Xerox Corporation where he spent 17 years, the last six as Vice
 President, Finance.
 
     About autobytel.com inc.
     autobytel.com inc. (Nasdaq:   ABTL), the global leader in online automotive
 commerce, brings car buyers, owners, and sellers together in a trusted
 environment, empowered by the Internet.  Through its extensive automotive
 content and multiple purchasing, financing, insurance and service options,
 Autobytel offers consumers choice and peace of mind throughout the automotive
 lifecycle, while providing its network of accredited dealers and automotive
 services partners the most efficient way to reach online car buyers and
 owners.  Autobytel and its wholly-owned subsidiary, A.I.N. Corporation
 (Carsmart), have a network of dealers nationwide and are the seventh largest
 generator of automotive sales in the United States, just behind GM, Ford,
 DaimlerChrysler, Toyota, Honda and Nissan.  Autobytel has been ranked #1 in
 Dealer Satisfaction with Online Buying Services for three years in a row by
 J.D. Power and Associates.(1)  Autobytel's low-cost, no-haggle car-buying
 program is available in the U.S., Canada (www.autobytel.ca), the United
 Kingdom (www.autobytel.co.uk), Sweden (www.autobytel.se), Netherlands
 (www.autobytel.nl), Japan (www.autobytel-japan.com), Australia
 (www.autobytel.com.au) and Spain (www.autobytel.es).  Headquartered in Irvine,
 California, Autobytel is recognized as the company that transformed the
 $1 trillion new car industry when it invented online car buying.
 
     (1) J.D. Power and Associates 1998 - 2000 Dealer Satisfaction With Online
 Buying Services Studies(SM).  2000 study conducted among dealership Internet
 specialists who completed 2,144 evaluations of individual services.
 www.jdpower.com.
 
     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, including statements about projected revenues, 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, increased or unexpected competition, the failure to realize
 anticipated synergies related to the proposed merger with Autoweb, failure to
 obtain required stockholder or regulatory approvals or the merger not closing
 for any other reason, failure of the combined company to retain and hire key
 employees, difficulties in successfully integrating the parties' businesses
 and technologies 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 for the year ended December 31, 2000,
 and other reports on file 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.
 
 

SOURCE autobytel.com inc.
    IRVINE, Calif., April 19 /PRNewswire/ -- autobytel.com inc. (Nasdaq:   ABTL)
 today announced the appointment of Hoshi Printer as Executive Vice President
 and Chief Financial Officer.  Printer served as Autobytel.com's Chief
 Financial Officer from January 1999 to June 2000.  Amit Kothari,
 Autobytel.com's Interim CFO, will resume his position as Vice President,
 Corporate Controller for the company.
     "I am very pleased to announce Hoshi's return.  This quarter alone we have
 launched a pilot with General Motors, signed an agreement to acquire Autoweb
 -- which is projected to make us a $100 million a year revenue company -- and
 reiterated our Q3 profitability targets," said Mark Lorimer, President and CEO
 of autobytel.com inc.  "Hoshi's extensive background in finance, his
 understanding of the complexities of the automotive industry, and his
 experience as CFO of several high profile technology companies, including
 Autobytel.com, will serve us well as we continue to grow and diversify, both
 globally and domestically.
     "Moreover, as we approach our profitability goal," continued Lorimer, "we
 are especially pleased that our financial team will continue to benefit from
 Amit's expertise, not only in the very crucial role of Corporate Controller,
 but also in the area of strategic financial development."
     Printer, who has over 35 years of experience in financial management, has
 served as CFO of BestOffer.com, a San Francisco-based online used car company,
 and of Peerless Systems Corporation, a leader in embedded imaging systems.
     "I have watched Autobytel.com grow by leaps and bounds over the past year
 and I am deeply impressed by the company's continued leadership, its very
 strong management team, its laser focus on profitability and, most
 significantly, its compelling vision for the future of global online
 automotive commerce," said Printer. "I am very happy to rejoin the company as
 part of the team moving the company towards what I believe to be a very
 exciting and financially solid future."
     Printer has also held the CFO post at a number of other high-tech
 companies, including Neuron Data, developers of high-end, enterprise-wide
 client-server, object and web oriented tools; Soane Technologies, Inc., an
 ophthalmics and bioscience business based on polymer chemistry; and
 Catalytica, Inc., developers of environmental technology.  Printer began his
 career at Xerox Corporation where he spent 17 years, the last six as Vice
 President, Finance.
 
     About autobytel.com inc.
     autobytel.com inc. (Nasdaq:   ABTL), the global leader in online automotive
 commerce, brings car buyers, owners, and sellers together in a trusted
 environment, empowered by the Internet.  Through its extensive automotive
 content and multiple purchasing, financing, insurance and service options,
 Autobytel offers consumers choice and peace of mind throughout the automotive
 lifecycle, while providing its network of accredited dealers and automotive
 services partners the most efficient way to reach online car buyers and
 owners.  Autobytel and its wholly-owned subsidiary, A.I.N. Corporation
 (Carsmart), have a network of dealers nationwide and are the seventh largest
 generator of automotive sales in the United States, just behind GM, Ford,
 DaimlerChrysler, Toyota, Honda and Nissan.  Autobytel has been ranked #1 in
 Dealer Satisfaction with Online Buying Services for three years in a row by
 J.D. Power and Associates.(1)  Autobytel's low-cost, no-haggle car-buying
 program is available in the U.S., Canada (www.autobytel.ca), the United
 Kingdom (www.autobytel.co.uk), Sweden (www.autobytel.se), Netherlands
 (www.autobytel.nl), Japan (www.autobytel-japan.com), Australia
 (www.autobytel.com.au) and Spain (www.autobytel.es).  Headquartered in Irvine,
 California, Autobytel is recognized as the company that transformed the
 $1 trillion new car industry when it invented online car buying.
 
     (1) J.D. Power and Associates 1998 - 2000 Dealer Satisfaction With Online
 Buying Services Studies(SM).  2000 study conducted among dealership Internet
 specialists who completed 2,144 evaluations of individual services.
 www.jdpower.com.
 
     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, including statements about projected revenues, 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, increased or unexpected competition, the failure to realize
 anticipated synergies related to the proposed merger with Autoweb, failure to
 obtain required stockholder or regulatory approvals or the merger not closing
 for any other reason, failure of the combined company to retain and hire key
 employees, difficulties in successfully integrating the parties' businesses
 and technologies 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 for the year ended December 31, 2000,
 and other reports on file 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.
 
 SOURCE  autobytel.com inc.