Autoweb's AIC Loan/Lease Functionality

I wanted to draw your attention to Autoweb's AIC latest news. The
application aids automotive consumers who are contemplating ``lease versus
loan'' options, allowing them to accurately determine how much they will
spend per month for any desired vehicle. 

Please let me know if you have any questions.

Thanks,
Dori Pasternak
MWW Group for Autoweb
212-827-3758

Thursday May 10, 10:07 am Eastern Time 
Press Release
SOURCE: Autoweb.com, Inc. 
Loan/Lease Functionality Introduced by Autoweb's Automotive Information
Center (AIC)
AIC AutoSuite Enhancement Offers More Complete Pricing Options for
Automotive Consumers
SANTA CLARA, Calif., May 10 -- Autoweb.com, Inc.'s (Nasdaq:
AWEB <http://finance.yahoo.com/q?s=aweb&d=t> - news </n/a/aweb.html>)
Automotive Information Center (AIC), a leading information services provider
of automotive content and research software, today announced the addition of
Loan/Lease functionality to the AIC AutoSuite(TM), a package of research
tools that delivers compelling consumer-targeted features to automotive Web
sites, including auto manufacturers, dealers and Web portals. The
application aids automotive consumers who are contemplating ``lease versus
loan'' options, allowing them to accurately determine how much they will
spend per month for any desired vehicle. This functionality will first
launch on www.autosite.com <http://www.autosite.com>. 
``AIC's Loan/Lease enhancement offers the most robust and comprehensive
method for automotive consumers to calculate their monthly lease or loan
payments, easily and without hassle,'' said Bill Barrett, President of AIC.
``The decision to acquire a vehicle by loan or lease can often be the most
difficult choice for a consumer. This enhancement is designed to deliver a
complete vehicle research experience, enabling consumers to find the right
vehicle at the right price to fit their needs.'' 
The Loan/Lease application displays vehicle pricing as MSRP and Invoice
price, or as a monthly cost to the consumer, based on financial factors
provided by the consumer. For the Loan option, consumers can complete fields
for length of loan, lending interest rate, money down and trade value. For
the Lease option, fields include length of lease, lease interest rate, money
down and capital cost reduction. At any time during the research process,
consumers may switch their view to the Loan, Lease or Cash cost of the
vehicle in order to determine the best option for them. 
With this new enhancement, the AutoSuite dynamically recalculates monthly
payment amounts as the user selects and deselects vehicle equipment using
AIC's AutoBuilder(TM). This feature displays the total cost of the vehicle
as well as the cost of individual options. For example, if the consumer adds
four-wheel drive as an option, the tool automatically displays the extra
cost per month for the loan or lease. 
The application is available throughout the entire AutoSuite product, and it
also enables the AIC AutoComparator(TM) to compare vehicles based on
comparable equipment and monthly payment. 
About Automotive Information Center (AIC) 
The Automotive Information Center (AIC) division of Autoweb is the leading
provider of automotive content, data and intelligent tools used to power
Internet services, portals and manufacturer web sites. AIC researchers rely
on decades of industry experience to create the most accurate, comprehensive
and up-to-date research platform in the business. All AIC data and tools
feature our unique optimal price capabilities, which enable consumers to
configure and compare vehicles on the basis of lowest possible price. 
Through Autoweb's data, technology and tools, visitors to sites powered by
the AIC technology are able to configure a vehicle by manufacturer, make,
model, trim specifications and other option packages, as well as perform
side- by-side competitive vehicle comparisons. This proprietary technology
provides a competitive advantage for dealers and enhances the shopper's
experience by offering realistic, actionable information. 
About Autoweb 
Autoweb.com is a leading automotive Internet service, guiding users through
every stage of vehicle ownership. Through its direct and referral commerce
channels, Autoweb.com offers consumers a variety of ways to purchase new and
used vehicles in conjunction with vehicle manufacturers, local Member
Dealers and other commerce partners. The Company's Web site also provides
consumers with a wide range of automotive-related products to support the
complete lifecycle of the vehicle, including finance, insurance and
maintenance. Autoweb.com features comprehensive, unbiased research from its
Automotive Information Center (AIC) division. 
Autoweb also continues to set the standard in the business-to-business
marketplace by providing Web sites with the most advanced technology to view
automotive information, and accurate and reliable automotive data and
content. Currently, major automobile manufacturers, including
DaimlerChrysler, Ford, General Motors, Honda and Toyota, use Autoweb's
automotive data to power their sites. Some of the major consumer portals
also use Autoweb's content and technology, including AOL, Yahoo, Lycos, MSN
and Carpoint. AutoSuite is highly configurable for any individual AIC
customer, as the interface can match look and feel, while vehicles (both
target and competitor) and specific features can be limited to desired
selections. For more information, please visit <http://www.autoweb.com> and
<http://www.autosite.com> . 
Safe Harbor Statement: 
Certain statements in this news release regarding attractiveness of the
product and its widespread use by consumers, and other customers of AIC, may
be construed as forward-looking statements. Forward-looking statements
involve risks and uncertainties that could cause actual results to differ
from anticipated results. The Company faces many risks and uncertainties in
its business, including the fact that the Company received a Nasdaq Staff
Determination letter on March 1, 2001, indicating that the Company has
failed to comply with the minimum bid price requirement for continued
listing, and is subject to delisting from the Nasdaq National Market;
changes in competitive behavior or market forces; uncertainties regarding
response from the vehicle manufacturers; changes in the legal or regulatory
environment, changes or lack of changes in consumer preferences over time,
technological challenges and an inability to forecast future traffic and
transactions, and failure to consummate its merger with Autobytel. Further
information on risk factors that could affect results is detailed in
Autoweb's filings with the Securities and Exchange Commission, including its
Registration Statement on Form S-1 (No. 333-71177) and its Form 10-Q for the
quarter ended September 30, 2000, filed with the Securities and Exchanges
Commission, including (without limitation) under the captions, ``Risk
Factors'' and ``Management's Discussion and Analysis of Financial Condition
and Results of Operations''. Additional information is set forth in those
sections in Autoweb's Annual Report on Form 10-KA for the year ended Dec.
31, 2000. 
                     MAKE YOUR OPINION COUNT - Click Here
               <http://tbutton.prnewswire.com/prn/11690X85862603>