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Autoweb.com Selected as Top Automotive Web Site by SmartMoney Magazine

29 June 2000

Autoweb.com Selected as Top Automotive Web Site by SmartMoney Magazine

    SANTA CLARA, Calif., June 29 Autoweb.com, Inc. today announced that it was selected as the
top-rated Autos site by the editors of SmartMoney magazine. The Autoweb.com
site is featured along with other leading sites in the SmartMoney Magazine
2000 Internet Guide (July 2000 issue).
    SmartMoney's editorial staff spent six weeks researching two thousand Web
sites and eventually selected 52 sites in 31 product and service categories.
In the Autos category, they "sifted through 100 online auto sites and
requested quotes for a new Honda Accord from the 10 largest." According to
SmartMoney, Autoweb.com was the quickest to respond with a quote
 -- 15 minutes, and its estimate was several hundred dollars lower than any of
its competitors'.
    "Our mission is to empower consumers to get the right car at a fair price
through superior information, a choice of buying processes and control of the
car-buying experience," said Sam Hedgpeth, president and COO of Autoweb.com.
"We believe that our Web site and network of quality member dealers provide a
great consumer experience, and it's nice to have SmartMoney recognize us for
our efforts."

    About Autoweb.com
    Autoweb.com is the leading consumer automotive Internet service, guiding
users through every stage of vehicle ownership. Through its auction, 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, the leading provider of
automotive content, data and tools used to power Internet services, portals
and manufacturer Web sites. The company's content and buying models are
available on three out of the top four portals through its infrastructure
partner program. For more information, please visit http://www.autoweb.com .
    NOTE:  Autoweb(SM) is a service mark of Autoweb.com, Inc. All other
product or service marks mentioned herein are those of their respective
owners.