Subaru America, Inc. Renews License With
Autoweb's AIC Competitive Comparison Module
Subaru America Renews its Long-standing Relationship with Autoweb's AIC
SANTA CLARA, Calif., May 24 Autoweb.com, Inc. , a leading consumer automotive Internet
service ( http://www.autoweb.com ), today announced that it has renewed its
relationship with Subaru America, Inc. for license of Autoweb's Automotive
Information Center's (AIC) Competitive Comparison Module. The Competitive
Comparison Module provides shoppers on http://www.subaru.com with a multi-dimensional
research capability that best highlights a vehicle's advantages compared to
other competing vehicles.
"Subaru has been a valuable AIC client since 1999 and we are pleased to
renew this long-standing relationship," said Jeffrey Schwartz, President and
CEO of Autoweb.com. "Subaru has recognized AIC's superior performance and the
value of being able to comparison shop for a vehicle from the comfort of your
home or office."
With AIC's industry-leading technology, automotive shoppers on the Subaru
consumer site can easily compare and evaluate a Subaru vehicle against key
competitor vehicles. Visitors to the site can receive a comprehensive list of
vehicle attributes, as well as technical, standard and optional equipment
feature data, allowing consumers to make educated buying decisions.
Subaru advantages are indicated by the Subaru logo. Data attributes and
thumbnail photos display the comparison points of each vehicle. Extended text
descriptions provide detail on certain vehicle features, such as engine,
drivetrain, dimensions, safety, exterior/interior features and warranty.
Advantages can be condensed into an "Advantage Summary" report for an overview
of all Subaru vehicle highlights.
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 March 31, 2001, 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
which is set forth in those sections in Autoweb's Annual Report on Form
10-KA for the year ended Dec. 31, 2000.
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