Published: February 01, 2012
Autobytel Expects to Report Profitability for Full 2011 Year and Fourth Quarter
IRVINE, Calif. - (BUSINESS WIRE) - Autobytel Inc. (Nasdaq: ABTL), a
leading provider of online consumer purchase requests and marketing
resources to the automotive industry, said today it expects to report
profitable operations for the full 2011 year and fourth quarter ended
December 31, 2011. Results mark the first time since 2004 that the
company has achieved net income for the full year.
"Our performance represents a major turnaround for Autobytel," said
President and Chief Executive Officer Jeffrey H. Coats. "Results reflect
a combination of positive factors coming together, including the
recovery in the automotive industry, which is creating strong, steady
demand for our purchase request products.
"Additionally, over the past year, we significantly strengthened
Autobytel's competitive advantage with our ability to self-generate a
larger percentage of high-quality purchase requests that we provide to
dealers and auto manufacturers throughout the nation to help them close
more sales. We also completed a successful, multi-year program to
streamline our organization and enhance operating efficiencies," Coats
added.
Autobytel expects to report actual results for the full 2011 year and
fourth quarter on March 1, 2012.
About Autobytel Inc.
Autobytel Inc., an online leader
offering consumer purchase requests and marketing resources to car
dealers and manufacturers and providing consumers with the
information they need to purchase new and used
cars, pioneered the automotive internet when it launched
Autobytel.com in 1995. Autobytel continues to offer innovative products
and services to help consumers buy, and auto dealers and manufacturers
sell, more used and new cars.
Autobytel has helped tens of millions of automotive consumers research
vehicles; connected thousands of dealers nationwide with motivated car
buyers; and helped every major automaker market its brand online.
Through its flagship website Autobytel.com, its network of
automotive sites, including Autoweb.com, AutoSite.com®,
Car.comsm, CarSmart.com, DealershipJobs.comsm,
MyGarage.com and MyRide.com®, and its respected
online partners, Autobytel continues its dedication to innovating the
industry's highest quality internet programs to provide consumers with a
comprehensive and positive automotive research and purchasing
experience, and auto dealers, dealer groups and auto manufacturers with
one of the industry's most productive and cost-effective customer
referral and marketing programs.
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. These
forward-looking statements, including, but not limited to achieving net
income for the full 2011 year and fourth quarter, are not guarantees of
actual performance or results or the level of performance or results and
involve assumptions and risks and uncertainties that are difficult to
predict. Actual performance, outcomes and results may differ materially
from what is expressed in, or implied by, these 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; the financial condition of automobile manufacturers and
dealers; disruptions in automobile production resulting from natural
disasters in Japan and Thailand; 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 Autobytel; changes in laws and
regulations; costs of legal matters, including, defending lawsuits and
undertaking investigations and related matters; and other matters
disclosed in Autobytel'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, 2010, 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 Autobytel and the market
price of the company's stock. In addition, current year financial
information could be subject to change as a result of subsequent events
or the finalization of the company's financial statement close which
culminates with the filing of the company's Annual Report on Form 10-K
for the current year.

Investor Relations
PondelWilkinson Inc.
Roger
Pondel/Laurie Berman, 310-279-5980
investor@pondel.com
or
Media
Relations
MSC-PR
Michelle Suzuki, 310-444-7115
michelle@msc-pr.com
or
Media
Relations
Autobytel Inc.
Jim Helberg, 949-862-1395
jimh@autobytel.com
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