AutoNation to License Autoweb's Proprietary Technology Platform
17 October 2000
AutoNation to License Autoweb's Proprietary Technology PlatformAutoweb to Provide Enhanced Vehicle Information and Shopping Modules to Web's Largest Online Automotive Retailer SANTA CLARA, Calif., Oct. 17 Autoweb.com, Inc. , the leading consumer automotive Internet service, and AutoNation, Inc. , America's leading automotive retailer, today announced a multi-year agreement under which AutoNation will integrate Autoweb's automotive industry standard content and technology platform to enhance its e-commerce initiatives. Additionally, AutoNation dealers will continue to receive consumer referrals from the millions of online Autoweb shoppers. The Autoweb Automotive Information Center's (AIC) content and technology will be featured in AutoNation's lead retail web site, AutoNation.com and on its America Online version, AOL AutosDirect (AOL keyword: AOL AutosDirect). Autoweb's AIC technology provides each AutoNation site with data on vehicle features and specifications, as well as proprietary shopping tools. "Our alliance with AutoNation is another example of Autoweb's 'Powered By' initiatives in action, and further evidence of our increasingly robust efforts in the business-to-business sector," said Dean DeBiase, chairman of Autoweb.com. "We are already powering leading vehicle manufacturer and portal web sites, and now we're partnering with the nation's largest automotive retailer. Our content, data and technology are clearly becoming the standard for the automotive industry." This strategic alliance builds on what Autoweb has achieved in the business-to-business Internet marketplace. Currently, all major automobile manufacturers, including BMW, DaimlerChrysler, Ford, General Motors, Honda and Toyota, use Autoweb's automotive data to power their sites. The major consumer portals also use Autoweb's content and technology, including AOL, Lycos, MSN Carpoint and GO. As Autoweb continues to set the standard in the business-to-business marketplace, the company is providing its customers with the most advanced technology to view automotive information, and the most accurate and reliable automotive data and content. AutoNation will be among the first customers to take advantage of Autoweb's next-generation automotive research technology. About Autoweb's Automotive Information Center (AIC) Technology: Through Autoweb's data, technology and tools, visitors to sites powered by the AIC technology are able to configure a vehicle by manufacturer, make, model, trim specifications and other option packages, as well as perform side-by-side competitive vehicle comparisons. This proprietary technology provides a competitive advantage for dealers and enhances the shopper's experience by offering realistic, actionable information. About Autoweb.com, Inc. Autoweb.com is the leading consumer automotive Internet service, guiding users through every stage of vehicle ownership. Through its 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 intelligent 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 and http://www.autosite.com. Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause the actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.