(Nasdaq: ABTL), the global leader in automotive e-commerce, today announced the formation ofAutobytel Spain in a partnership between its subsidiary, Autobytel.Europe andSWS Capital, a company dedicated to the development of Spanish telecom ande-commerce companies.

SWS' shareholders include Ruben Lerner who publishesthe #1 rated Spanish auto-focused magazine, Motor16.

Autobytel Spain is set to launch within the next six months and will alsobe featured within SWS Motor, an automotive portal dedicated to creating apositive car-buying experience for consumers.

"'s rapid global expansion is a testament to the power of theInternet marketplace throughout the world," said Mark Lorimer,'sPresident and CEO.

"We look forward to working with SWS Capital to bring thetrademark painless car-buying experience to consumers throughout Spain."

1999 was a record year for car sales in Spain and, currently, 20% ofSpanish car buyers are using the Internet as part of their car shoppingprocess.

" has used the Internet to truly simplify the car-buying andselling 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 andmanagement system. The company was established in November 1999 and hasalliances with leading companies in their markets.