Autobytel to Be Named One of Orange County's Fastest Growing Technology Companies

IRVINE, Calif., Aug. 2, 2004 -- Autobytel Inc. will be named to Deloitte & Touche's prestigious Technology Fast 50 Program for Orange County, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Scheduled to be announced on October 4th, Technology Fast 50 rankings are based on the percentage growth in fiscal year revenues over five years, from 1999-2003.

"This marks the fifth consecutive year that Autobytel has been named to the Technology Fast 50, which is a tremendous honor," said Autobytel President and CEO Jeffrey Schwartz. " Our solid growth over the past half-decade -- with record revenues in the first two quarters of 2004 -- is the ultimate validation of our growing value to automakers, dealers, and car buyers."

"To rank on the Deloitte Technology Fast 50, companies must have substantial revenue growth over five years," said Mark Miskinis, Deloitte partner, Technology, Media & Telecommunications practice, Costa Mesa. "Autobytel Inc. has proven to be one of the fast-growth success stories in Orange County, and we applaud their success and vision."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and must be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify) and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

About Autobytel Inc.