Autobytel Inc. Files Suit Against Dealix Corporation for Patent Infringement
19 December 2004Autobytel Inc. (Nasdaq:ABTLE), a leading Internet automotive marketing services company, has filed a lawsuit against Dealix Corporation in order to protect the Company's intellectual property. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges infringement of U.S. Patent No. 6,282,517, entitled "Real Time Communication of Purchase Requests," which was issued in August 2001 by the U.S. Patent and Trademark Office. The Patent is directed toward an innovative method and system for matching customers and sellers in connection with the purchase of goods and services over the Internet and other computer networks.
"The U.S. Patent Office recognized the unique nature of the Autobytel technology which has helped to revolutionize sales and marketing in the automotive and other industries," said Autobytel Inc. President and CEO Jeffrey Schwartz. "Autobytel views its intellectual property as a significant asset and is determined to protect and enforce its rights with respect to its intellectual property."
The Patent can be found at http://www.uspto.gov/.
FORWARD-LOOKING STATEMENT DISCLAIMER
The statements contained in this press release that are not historical facts are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, such 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, the forward-looking statements are changes in general economic conditions, the economic impact of terrorist attacks or military actions, increased dealer attrition, pressure on dealer fees, increased or unexpected competition, the failure to realize anticipated synergies from acquired entities, costs related to acquisitions, failure to retain key employees at acquired entities, difficulties in successfully integrating the businesses and technologies of acquired entities and Autobytel, that actual costs and expenses exceed the charges taken by Autobytel, changes in laws and regulations, costs of defending lawsuits and undertaking investigations and related matters and other matters disclosed in Autobytel's filings with the Securities and Exchange Commission. Investors are strongly encouraged to review our annual report on Form 10-K for the year ended December 31, 2003, and other filings with the Securities and Exchange Commission for a discussion of risks and uncertainties that could affect operating results and the market price of our stock.
Autobytel Inc. Jennifer Klein, 949-862-1362 (Investors) jenniferkl@autobytel.com or Melanie Webber, 949-862-3023 (Media) melaniew@autobytel.com
Source: Business Wire
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