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e-LaSer partners with Autobytel.Europe / branch of LaSer (Galeries Lafayette group) to invest in Autobytel.com's European venture
AMSTERDAM, ots-PRNewswire - Autobytel.com (Nasdaq: ABTL), the leading global automotive e-commerce company, announced that e-LaSer, a leader in customer services and e-commerce in Europe, will sell at least US $ 3 million in Autobytel.Europe will invest. e-LaSer is a subsidiary of LASER-Lafayette Services, the first European group of companies to specialize in services and technologies for retail and consumer markets.
Autobytel.Europe and e-LaSer want to work together in innovative customer relationship management, loyalty programs services and e-commerce cross-fertilization. e-LaSer is the first company for customer relationship management and loyalty program services for Europe-wide e-commerce.
"Now that Autobytel.com is growing in Europe, e-LaSer will be one of our key partners in the marketplace," said Mark Lorimer, President and CEO of Autobytel.com. "We are very excited to work with a company that offers such innovative customer services for the European market."
"We are pleased to be working with Autobytel, one of the earliest and most advanced Internet services, the success of which marks the far-reaching changes that are shaping this new industry," said Philippe Lemoine, LASER Chairman and CEO and Co-President of the Galeries Lafayette group.
Autobytel.Europe is a majority-owned subsidiary of Autobytel.com that provides support services for the Autobytel sites in the individual states of continental Europe. Including the last round of e-LaSer, the total capital funding for Autobytel.Europe from partners such as Inchcape plc, Pon Holdings B.V. and GE Equity has reached $ 36.7 million to date.
Via autobytel.com inc.
The international brand name Autobytel.com (http://www.autobytel.com) is the recognized market leader in online retail for automobiles (1). As the largest auto web site on the Internet, Autobytel.com provides consumers with a positive buying and ownership experience while also providing its network of accredited dealers with the most efficient way to reach online car buyers. Because the site assists consumers with every aspect of a car's life cycle, Autobytel.com offers continuity until the next car purchase. Autobytel.com's low-cost, no-haggle car purchase program launched in March 1995 is in the United States, Canada
(http://www.autobytel.ca), Great Britain (http://www.autobytel.co.uk), Japan (http://www.autobytel-japan.com) and Sweden (http://www.autobytel .se) available. In 1999, Autobytel.com was ranked # 1 in the "Dealer Satisfaction Online Purchase Services" category for the second year in a row (2).
About LASER and e-LaSer
e-LaSer (http://www.e-laser.com) is a branch established by LASER (http://www.laser.fr), a subsidiary of the Galeries Lafayette sales group, a strong sales force and department store group with 35,000 employees and sales of EUR 6 billion. LASER, the leading European company specializing in the provision of services and technologies for retail and hypermarkets, employs 3,800 people and had sales of EUR 833 in 1999 Million through three companies:
Cofinoga (http://www.cofinoga.com), LaSer Informatique and e-LaSer.
e-LaSer is used for innovative customer relationship management (CRM) and e-commerce. e-LaSer focuses its global capabilities and expertise in European Customer Centers, Loyalty Program Applications and E-Commerce Cross-Fertilization, Website Development and Consulting Services. e-LaSer also operates Telemarket (http://www.telemarket.fr), the leading online grocery store in Europe.
The statements in this press release that are not historical facts are forward-looking statements within the meaning of federal securities laws. These forward-looking assumptions are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results and results could differ materially from what is expressed or implied in such forward-looking statements. Autobytel.com assumes no obligation to publicly update any forward-looking assumption, whether as a result of new information or future events or for any other reason. Important factors that could cause the actual results of Autobytel.com to differ materially from those expressed or implied in any forward-looking statements include changes in general economic conditions, competition, whether or not they are expected, and potential failure upon completion of the takeover of AIN Corporation, changes in the financial performance of A.I.N. Corporation and other causes, which are further discussed in Autobytel.com's filings with the Securities and Exchange Commission.
(1) According to J.D. Power and Associates, Autobytel.com owns a 45% interest in all new vehicles sold through an online service (8/23/99).
(2) J.D. Power and Associates 1998-1999 Dealer Satisfaction With Online Buying Services Studies (SM). The 1999 study was conducted among e-commerce specialists who carried out 1,024 individual assessments.
ots Original text: Autobytel.com
Researchable on the Internet: http://www.newsaktuell.de
Melanie Webber of Autobytel.com, Tel. + 1-949-862-3023, [email protected];
Betsy Isroelit of RBI Communications, Tel. + 1-323-960-1360, Line 17, [email protected], for Autobytel.com;
Martine Moran from LASER / e-LaSer, Tel. + 33-1-40-72-59-59, Fax + 33-1-45-03-05-03, [email protected]
Chantal Lory, Tel. + 33-1-44-54-42-05, Fax + 33-1-44-54-42-01, [email protected]
General: Don Markley, or Investors: Chris Wood, both of the Financial Relations Board, tel. + 1-415-986-1591.
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