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Floundering Autoweb.com Does Executive Shuffle

21 July 2000

Q2 Loss Increases 100% Over Same Period Last Year

    SANTA CLARA, Calif. - Desperately seeking ways to recover from its 
plunging stock prices and increasing losses, Autoweb.com, Inc. announced on 
Thursday that Samuel Hedgpeth, the company's president and COO, has been named 
to the additional post of chief executive officer. Hedgpeth assumes the CEO 
title from Autoweb's Chairman Dean DeBiase.

    Hedgpeth has been president and COO of Autoweb.com since November 1999. He
joined the company in September 1997 as vice president, finance and
administration, treasurer and CFO. DeBiase has served as chairman and CEO of
Autoweb.com since November 1999. DeBiase joined the company in December 1998.
Other changes to Autoweb includes the announcement today that Nadyne G. Edison 
has joined the company in the newly created position of chief marketing officer 
and vice president of customer relationship management (CRM). Edison was 
formerly director of New Media Marketing at General Motors Corporation, and most 
recently served as vice president of strategic development for Automotive CRM 
at EDS, Inc.

    Autoweb also announced the appointment of Thomas Stone as vice president
of corporate strategy. Stone was formerly the CFO, a role that will be
temporarily assumed by John Peters, the company's vice president of finance.