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EX-10.1 - FORM OF RESTRICTED STOCK AWARD AGREEMENT - AutoWeb, Inc. | ex10-1.htm |
8-K - CURRENT REPORT - AutoWeb, Inc. | autobytel_8k.htm |
Exhibit 99.1
Autobytel Initiates Corporate Rebranding, Changing Name to AutoWeb
and Ticker Symbol to AUTO
Irvine, Calif. – Oct. 02, 2017 – Autobytel Inc.
(Nasdaq: ABTL), a pioneer and leading provider of digital
automotive services connecting in-market car buyers with dealers
and OEMs, today announced that it plans to change its name to
AutoWeb, Inc. effective October 9, 2017.
“When
Autobytel was founded in 1995, the era of digital leads and clicks
was in its infancy,” said Jeff Coats, president & CEO of
Autobytel. “In fact, telephones and newspapers were still the
primary source of communication between dealers and consumers. More
than 20 years later, in a market dominated by the Internet,
we’ve become a leader in the digital automotive landscape. We
believe the rebranding and name change to AutoWeb, Inc. better
aligns with our operations and corporate strategy, particularly as
we look to further expand our Internet leads and clicks
businesses.”
In
connection with this name change, the company’s stock ticker
symbol will change from “ABTL” to “AUTO” on
The Nasdaq Capital Market.
Trading under the new stock ticker symbol is anticipated to
commence on October 9, 2017.
About Autobytel Inc.
Autobytel
Inc. provides high-quality consumer leads, clicks and associated
marketing services to automotive dealers and manufacturers
throughout the United States. The company also provides consumers
with robust and original online automotive content to help them
make informed car-buying decisions. The company pioneered the
automotive Internet in 1995 with its flagship website www.autobytel.com and
has since helped tens of millions of automotive consumers research
vehicles; connected thousands of dealers nationwide with motivated
car buyers; and has helped every major automaker market its brand
online.
Investors
and other interested parties can receive Autobytel news alerts and
special event invitations by accessing the online registration form
at investor.autobytel.com/alerts.cfm.
Forward-Looking Statements Disclaimer
The
statements contained in this press release that are not historical
facts are forward-looking statements under the federal securities
laws. Words such as “anticipates,” “could,”
“may,” “estimates,” “expects,”
“projects,” “intends,”
“pending,” “plans,” “believes,”
“will” and words of similar substance, or the negative
of those words, used in connection with any discussion of future
operations or financial performance identify forward-looking
statements. In particular, statements regarding expectations and
opportunities, new product expectations and capabilities, and our
outlook regarding our performance and growth are forward-looking
statements. These forward-looking statements are not guarantees of
future performance and involve assumptions and risks and
uncertainties that are difficult to predict. Actual outcomes and
results may differ materially from what is expressed in, or implied
by, these forward-looking statements. The company 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; the financial condition of automobile manufacturers and
dealers; disruptions in automobile production; changes in fuel
prices; the economic impact of terrorist attacks, political
revolutions or military actions; failure of our internet security
measures; dealer attrition; pressure on dealer fees; increased or
unexpected competition; the failure of new products and services to
meet expectations; failure to retain key employees or attract and
integrate new employees; actual costs and expenses exceeding
charges taken by the company; changes in laws and regulations;
costs of legal matters, including, defending lawsuits and
undertaking investigations and related matters; and other matters
disclosed in the company’s filings with the Securities and
Exchange Commission. Investors are strongly encouraged to review
the company’s Annual Report on Form 10-K for the year ended
December 31, 2016 and other filings with the Securities and
Exchange Commission for a discussion of risks and uncertainties
that could affect the business, operating results or financial
condition of the company and the market price of the
company’s stock.
Company Contact
Kimberly
Boren
Chief
Financial Officer
949-862-1396
kimb@autobytel.com
Investor Relations Contact
Sean
Mansouri or Cody Slach
Liolios
Investor Relations
949-574-3860
ABTL@liolios.com