Autobytel has ended its evaluation of a possible sale of the company. The company and its financial advisor, RBC Capital Markets will, however, continue to look for other strategic alternatives.

Autobytel president and CEO Jeffrey H. Coats put it this way: “After an extensive process, the company has concluded that shareholder value would not be maximized by a sale of the company in today’s environment. In arriving at this decision, the Board evaluated the strength of the company’s core leads business and its balance sheet with over $28.5 million of cash. During 2009, we will focus on Autobytel’s core strengths. The company’s balance sheet provides a solid foundation for growth.”

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