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Autobytel.com Continues International Expansion with Formation of Autobytel Spain
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| Global automotive e-commerce giant adds Autobytel Spain to list that includes Autobytel UK, Autobytel Japan, Autobytel Australia, Autobytel Sweden, among others |
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| Updated |
Jul 7, 2004 20:28:35 |
| Rating |
 73 ( -10 -13.69% ) |
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Description:
Irvine, CA - July 26, 2000 - Autobytel.com (Nasdaq: ABTL), the global leader in automotive e-commerce, today announced the formation of Autobytel Spain in a partnership between its subsidiary, Autobytel.Europe and SWS Capital, a company dedicated to the development of Spanish telecom and e-commerce companies. SWS' shareholders include Rubén Lerner who publishes the #1 rated Spanish auto-focused magazine, Motor16.
Autobytel Spain is set to launch within the next six months and will also be featured within SWS Motor, an automotive portal dedicated to creating a positive car-buying experience for consumers.
"Autobytel.com's rapid global expansion is a testament to the power of the Internet marketplace throughout the world," said Mark Lorimer, Autobytel.com's President and CEO. "We look forward to working with SWS Capital to bring the trademark Autobytel.com painless car-buying experience to consumers throughout Spain."
1999 was a record year for car sales in Spain and, currently, 20% of Spanish car buyers are using the Internet as part of their car shopping process.
"Autobytel.com has used the Internet to truly simplify the car-buying and selling processes," said Jose Pablo Contreras, General Manager of SWS Motor. "We are proud to partner with the undisputed leader in automotive e-commerce."
SWS Capital is comprised of SWS Motor, SWS Telco and SWS Log (Logistics), three vertical Internet portals that utilize a common technology platform and management system. The company was established in November 1999 and has alliances with leading companies in their markets. |
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