Autobytel Regains NASDAQ Compliance
IRVINE, Calif.--(BUSINESS WIRE)--
Autobytel Inc. (Nasdaq: ABTL), a leading provider of online consumer
purchase requests and marketing resources for the automotive industry,
today announced that it has received a letter from The NASDAQ Listing
Qualifications Director of The NASDAQ Stock Market, LLC notifying the
company that it has regained compliance with the previously reported
listing deficiency and that the matter is now closed.
The letter from NASDAQ stated that on September 15, 2011, the staff
notified the company that its common stock failed to maintain a minimum
bid price of $1.00 over the previous 30 consecutive business days as
required by the Listing Rules of The NASDAQ Stock Market. Since then,
however, the closing bid price of Autobytel's common stock has been at
$1.00 per share or greater for at least 10 consecutive business days.
Accordingly, Autobytel has regained compliance with Listing Rule
About Autobytel Inc.
Autobytel Inc., an online leader
offering consumer purchase requests and marketing resources to car
dealers and manufacturers and providing consumers with the information
they need to purchase new and used cars, pioneered the automotive
Internet when it launched its flagship website, autobytel.com,
in 1995. Autobytel continues to offer innovative products and services
to help consumers buy, and auto dealers and manufacturers sell, more
used and new cars. Autobytel has helped tens of millions of automotive
consumers research vehicles; connected thousands of dealers nationwide
with motivated car buyers; and helped every major automaker market its
brand online. Through its flagship website, its network of automotive
sites and respected online affiliates, Autobytel continues its
dedication to innovating the industry's highest quality Internet
programs to provide consumers with a comprehensive and positive
automotive research and purchasing experience, and auto dealers, dealer
groups and auto manufacturers with some of the industry's most
productive and cost-effective customer referral and marketing programs.
Investors and other interested parties can receive Autobytel news
releases and invitations to special events by accessing our online
signup form at http://investor.autobytel.com/alerts.cfm.
Investor Relations Contacts:
Senior Vice President, Chief Financial Officer
Roger Pondel/Laurie Berman
Source: Autobytel Inc.
News Provided by Acquire Media
Close window | Back to top