Autobytel Inc. Announces Intent to File Omnibus Shelf Registration Statement

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IRVINE, Calif., Feb. 20, 2014 (GLOBE NEWSWIRE) -- Autobytel Inc. (Nasdaq:ABTL) announced today that it intends to file an omnibus shelf registration statement on Form S-3 with the Securities and Exchange Commission for the offer and sale of securities by the company. Autobytel plans to file the registration statement in the first quarter of 2014.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful. This announcement is being issued pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended.

The statements contained in this press release regarding Autobytel's intentions and plans are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance and involve assumptions and risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, these forward-looking statements. Autobytel undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are Autobytel's ability to obtain effectiveness of the registration statement, complete any offering of securities thereunder and apply successfully any proceeds thereof, as well as the matters disclosed in Autobytel's filings with the Securities and Exchange Commission. Investors are strongly encouraged to review Autobytel's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for a discussion of risks and uncertainties that could affect the business, operating results or financial condition of Autobytel and the market price of its stock.

CONTACT: Investor Relations: Autobytel Inc. Curtis E. DeWalt SVP, Chief Financial Officer 949-437-4694 curtisd@autobytel.com PondelWilkinson Inc. Roger Pondel/Laurie Berman 310-279-5980 pwinvestor@pondel.com

Source:Autobytel Inc.