IRVINE, Calif., Oct. 02, 2017 (GLOBE NEWSWIRE) — 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.comand 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.
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Author: Digital Dealer
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