Marc Benjamin Joins Autobytel.com as Chief Marketing Officer
21 July 1999
Marc Benjamin Joins Autobytel.com as Chief Marketing OfficerPosition Combines Autobytel.com's Marketing Communications And Product Development Efforts, Accelerating Delivery Of Consumer-Centric Products and Services IRVINE, Calif., July 21 -- Autobytel.com , the global leader in automotive e-commerce and services, announced today that Marc Benjamin has joined the organization in the newly created position of Chief Marketing Officer. Benjamin will be responsible for Autobytel.com's marketing, communications and product development efforts. "What excites me about Autobytel.com is the power it puts into the hands of consumers. Clearly, this company is changing the way consumers approach car buying and ownership," said Marc Benjamin. "I look forward to accelerating the development and delivery of products and services that make buying and owning a vehicle as easy and painless as possible." "We are delighted Marc has joined our organization," said Mark Lorimer, Autobytel.com's President and CEO. "His impressive background in all aspects of marketing, combined with his knowledge of e-commerce and the Internet, will be extremely valuable to the company." "We created this new position to enhance Autobytel.com's leadership position as a customer-centric automotive solutions provider," continued Lorimer. "As Chief Marketing Officer, Marc will focus on the development and growth of Autobytel.com's many consumer product offerings, while leveraging the company's database marketing, branding, advertising and public relations efforts in support of those offerings. His background makes him ideally suited to help drive the company's continued growth." Prior to joining Autobytel.com, Benjamin was vice president of marketing for Multiple Zones International, Inc. in Renton, Washington (http://www.zones.com), a leading direct marketer of computer products, named one of the "100 Hottest Companies on the Net" by Business2.0 in May, 1999. His responsibilities included oversight of the branding, e-commerce, database marketing, advertising and public relations functions. While at Multiple Zones, Benjamin realigned the company's branding strategy to support the growing online and business solutions divisions, and developed an integrated media program amalgamating electronic, direct and traditional media in support of Zones.com. Before that, Benjamin was Vice President of Marketing and Market Development for Fulcrum Direct, Inc., a direct and online marketer of children's and juniors' apparel. His responsibilities included database marketing, e-commerce, strategic alliances, international development and advertising. Under his guidance the company built a marketing database of over 9 million names and launched a leading e-commerce destination for teens. Previously, Benjamin was on the senior management team of Japonica Partners, the management and investment group that acquired Allegheny International and successfully took it public as Sunbeam-Oster (now Sunbeam Corporation) in 1992. He also served as media planner with J. Walter Thompson in New York City. Benjamin earned his MBA in finance from Columbia Business School, New York and his BA from Brandeis University in Waltham, MA. About Autobytel.com Inc. Internationally-branded Autobytel.com (http://www.autobytel.com) is the acknowledged leader in online automotive commerce(1) and is ranked #1 in Customer Confidence and Serious Shoppers(2). The most comprehensive automotive Internet site, Autobytel.com offers consumers a positive purchasing and ownership experience, while providing its Accredited Dealer Network with the most efficient way to reach online car buyers. As it assists consumers through every aspect of the automotive lifecycle, Autobytel.com provides continuity into the next vehicle purchase. Launched in March 1995, Autobytel.com's low-cost, no-haggle car-buying program is available in the U.S., Canada (http://www.autobytel.ca), the United Kingdom (http://www.autobytel.co.uk) and Sweden (http://www.autobytel.se). In 1999, Autobytel.com was ranked #1 in Dealer Satisfaction with Online Buying Services for the second year in a row(3). The statements contained in this press release that are not historical facts are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, such forward-looking statements. Autobytel.com undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause Autobytel.com's actual results to differ materially from those expressed in, or implied by, the forward-looking statements are changes in general economic conditions and increased or unexpected competition. (1) As reported by J.D. Power and Associates, Autobytel.com generates nearly as many new-vehicle sales as its two closest competitors combined. (2) Gomez Advisors ranked Autobytel.com #1 in Customer Confidence and #1 among Serious Shoppers in its Summer 1999 Internet Auto Buying Scorecard. (3) J.D. Power and Associates 1998 -- 1999 Dealer Satisfaction With Online Buying Services Studies(SM). 1999 study conducted among dealership Internet specialists who completed 1,024 individual evaluations.