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Autobytel Inc. Announces First Quarter 2005 Loss (Preliminary, Partial Unaudited Financial Results)

IRVINE, Calif.--May 1, 20051, 2005--Autobytel Inc. , a leading Internet automotive marketing services company, today announced preliminary, partial unaudited financial results for the fiscal quarter ended March 31, 2005.

The financial information set forth below is preliminary, unaudited, and subject to change. Until such time as the Company is able to file its financial statements for the fiscal quarter ended March 31, 2005 with the Securities and Exchange Commission, neither its existing financial statements nor the information set forth below should be relied upon.

First Quarter 2005 Results

Revenues: Revenues for the fiscal quarter ended March 31, 2005 are expected to be between $32.0 million and $33.5 million.

Net Loss: The Company's net loss for the fiscal quarter ended March 31, 2005 is expected to be between $2.5 million and $4.0 million, after taking into account its expenses relating to the restatements and the internal review relating to the restatements.

Cash Position: As of March 31, 2005, the Company had approximately $52 million in domestic cash, cash equivalents and short-term and long-term investments.

About Autobytel Inc.

Autobytel Inc. , a leading Internet automotive marketing services company, helps retailers sell cars and manufacturers build brands through marketing, advertising, data and CRM (customer relationship management) products and programs. The Company owns and operates the automotive websites Autobytel.com, Autoweb.com, Car.com, Carsmart.com, AIC AutoSite.com, Autoahorros.com, CarTV.com and AutoSite.com, as well as AIC (Automotive Information Center), a trusted industry source of automotive marketing data and technology for over 20 years. Autobytel is also a leader in dealership lead management and CRM solutions and owns and operates AVV, Inc., a top provider of dealership CRM and sales management products, and Retention Performance Marketing, Inc. (RPM(R)), which powers dealerships with cutting-edge customer loyalty and retention marketing programs. Autobytel was the most visited new car buying and research destination in 2004, reaching millions of car shoppers as they made their vehicle buying decisions. Autobytel Inc. is the only company to achieve top rankings for both its lead management and lead generation services among the nation's top 100 Internet dealers.