Calathes started out as a point guard before switching to forward I played against him, and he is really something. To be that big and have that ballhandling ability, he has all the tools to work with. "In addition to delivering a solid quarter, as announced earlier today, werecently settled all remaining outstanding litigation related to our patents,providing us with enhanced and low-cost access to high quality automotivecontent and tools for our Web sites plus cash. In addition, some of this newcontent has never been available to us before, and will significantly enhancethe user experience across our sites," Coats said. "The settlements enable us toremove additional expenses from our business, while also allowing management tofocus on the current priorities of strengthening our core lead referral businessand continuing to drive toward long-term, sustainable profitability." As aresult of these settlements, the company also expects to receive the remaining$1.9 million in proceeds from the sale of its AVV business currently held inescrow that is not recorded on the balance sheet. Conference CallAutobytel management will host a conference call today at 5 p.m ET/2 p.m PT todiscuss its 2009 first quarter financial results.
The conference call will beavailable to all interested parties through a live webcast at (click on "Investor Relations" and then click on "Conference Calls"). Pleasevisit the website at least 15 minutes prior to the start of the call to registerand download any necessary software. For those unable to listen to the livebroadcast, the call will be archived for one year on Autobytel`s website. Atelephone replay of the call will also be available for approximately one weekby dialing 800-642-1687 (domestic) or 706-645-9291 (international) and enteringconference ID 95770175 About Autobytel Inc.Autobytel Inc. ("Autobytel" or the "Company") is an automotive marketingservices company that assists automotive dealers and manufacturers sell cars. Byconnecting consumers to automotive dealers and manufacturers through internetlead referral programs and on-line advertising, the Company provides automotivedealers and manufacturers with opportunities to efficiently market theirvehicles to potential customers.
The Company purchases from third party sitesand generates from its owned websites consumer internet requests for pricing andavailability for new and used vehicles as well as for vehicle financing (theseconsumer internet requests are referred to as "Leads"). The Company sells theLeads primarily to its automotive dealer and manufacturer customers. Leads arepurchased from a network of supplier websites, such as Edmunds , Kelley BlueBook and Yahoo!. The Company owns consumer-facing automotive websites, includingAutobytel ®, Autoweb ®, AutoSite ®, Car sm, CarSmart ®,CarTV ®, and MyRide ®, that provide consumers with information and toolsto aid them with their automotive purchase decisions. In addition to advertisingopportunities on its owned websites, the Company provides advertisingopportunities for automotive manufacturers and other automotive advertisersthrough the Company`s marketing network, which includes the automotive sectionsof third party co-branded websites operated by the Company, such as ESPN andthe Company`s AutoReach advertising network. Forward-Looking Statement DisclaimerThe statements contained in this press release that are not historical facts areforward-looking statements under the federal securities laws. Theseforward-looking statements, including, but not limited to, the company`s abilityto continue to remove additional costs from its business, strengthen its corelead referral business and reach long-term, sustainable profitability, are notguarantees of future performance and involve certain assumptions and certainrisks and uncertainties that are difficult to predict.
Actual outcomes andresults may differ materially from what is expressed in, or implied by, suchforward-looking statements. Autobytel undertakes no obligation to updatepublicly any forward-looking statements, whether as a result of new information,future events or otherwise. Investors are strongly encouraged to review our AnnualReport on Form 10-K for the year ended December 31, 2008 and other filings withthe Securities and Exchange Commission for a discussion of risks anduncertainties that could affect operating results and the market price of ourstock. ESPN called Game Four the Spurs' "Last Stand". It very well may have been, as the Lakers are heading back home one win away from returning to the NBA Finals.San Antonio hopes they can right the ship as they face elimination now that Los Angeles has handed them their first home playoff loss this year.Los Angeles jumped out to an early 22-8 lead and never looked back. The Spurs fought back, closing the gap to two, as they pulled back to a 81-79 deficit in the fourth quarter.
The Lakers negated that comeback, however, by scoring a quick eight straight points.Pau Gasol had the opportunity to put the game away for the Lakers with 50 seconds left in the game and with a seven point lead. He missed two free throw attempts, though, and San Antonio scored five straight points.With only 28 seconds left in regulation, and the score 93-91 in favor of Los Angeles, Derek Fisher missed a shot and the ball sailed out of bounds, last touched by the Spurs.When the Lakers got the ball back, they had two seconds left on the shot clock. Bryant missed a 16-foot jump shot.The Spurs had 2.8 seconds left to score. They took a timeout and both sides made substitutions.Brent Barry went for the win with a 27-foot three-point shot, but missed.As soon as the final buzzer sounded, Bryant pumped his fists in the air in celebration. His team was heading back home up 3-1.Bryant was once again the key for the Lakers He put up 28 points and grabbed 10 rebounds. Pau Gasol also contributed as he scored 10 points, had 10 rebounds, and dished out six assists.This game hinged on the play of Lamar Odom and whether he could produce like he has been.