Autoweb's AIC Launches Newly Redesigned www.autosite.com

    WESTBOROUGH, Mass., June 1 Autoweb's Automotive
Information Center (AIC) today announced a redesign of http://www.autosite.com, the
leading Web site that delivers industry-best, independent automotive
information for consumers researching the purchase of any car, van, light
truck and sport utility sold in the United States. The new site will be
consistent with AIC's new corporate logo, the corporate Web site
http://www.aicautosite.com, and the latest enhancements to the professional tool
AutoSite Pro(TM).
    "Today the AIC AutoSite is better than ever, offering richer content, more
sophisticated technology and tools, and the most comprehensive research
available on the Web," said Bill Barrett, President, AIC. "We're delighted
with our updated look, functionality and content that is keeping us on the
leading edge of online automotive research."
    Featuring comprehensive vehicle data sheets showcasing AIC data, including
price and specifications, full equipment descriptions, colors and trim, OEM
photos, rebates, recalls, and crash test results, AIC's AutoSite has been
independent since 1995, with no direct association with dealers or OEMs for
fulfillment.

    Notable features of the newly enhanced AIC AutoSite include:
    -- The AutoBuilder(TM) Configurator
    -- The AutoComparator(TM) with AutoAdvantages(TM)
    -- AutoResearcher(TM) search functionality
    -- AutoGallery(TM) (with single vehicle photos and side-by-side
       comparisons)
    -- Used car pricing module
    -- Loan/lease calculator
    -- Vehicle reviews
    -- Repairs and maintenance
    -- Integrated OEM advertising model
    -- User-friendly navigation

    AIC's AutoSite also provides innovative advertising programs that allow
advertisers to reach beyond traditional banner advertisements and provide
exciting editorial content along with their advertising message.

    About Automotive Information Center (AIC)
    The Automotive Information Center (AIC) division of Autoweb is a 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 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 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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