Autobytel Regains NASDAQ Compliance
IRVINE, Calif.--(BUSINESS WIRE)--
Autobytel Inc. (NASDAQ:ABTL), a leading provider of online consumer
purchase requests and marketing resources to the automotive
industry, today announced that it was notified by the Listing
Qualifications Director of the NASDAQ Stock Market that it has regained
compliance with the previously reported listing deficiency and that the
matter is now closed.
The notification from NASDAQ stated that on September 23, 2010,
Autobytel was informed that its common stock failed to maintain a
minimum closing 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 5450(a)(1).
About Autobytel Inc. (www.autobytel.com)
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
autobytel.com in 1995. Today, Autobytel is now the largest provider of
U.S. automotive consumer purchase requests for new cars and 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 Autobytel.com®, its network of automotive
sites, including Autotropolis.com®, Autoweb.com®,
AutoSite.com®, Car.comsm, CarSmart.com®,
CarTV.com®, DealershipJobs.comsm, MyGarage.com®
and MyRide.com® and its respected online partners, 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 one of the industry's most productive
and cost-effective customer referral and marketing programs.
Investor Relations
PondelWilkinson Inc.
Roger Pondel/Laurie
Berman, 310-279-5980
investor@pondel.com
or
Media
Relations
MSC-PR
Michelle Suzuki, 310-444-7115
michelle@msc-pr.com
or
Media
Relations
Jim Helberg, 949-862-1395
jimh@autobytel.com
Source: Autobytel Inc.
News Provided by Acquire Media
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