Auto Data Network's MAM Software Subsidiary Installs Autopart System into UK's Largest Independent Motor Spares Retailer.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & TUNBRIDGE WELLS Tunbridge Wells: see Royal Tunbridge Wells, England. , England -- Auto Data Network Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADNW), a provider of software and real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. services to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , today announced that its subsidiary MAM Software is to install its Autopart system into the UK's largest independent motor spares retailer. Wilco, the UK's largest family owned independent motor spares retailer, has announced its decision to install the latest business software in all the Motosave stores, in a major deal to bring the new acquisitions up to Wilco standard. As part of this investment, Wilco will install the software in all 24 Motosave stores, which stretch from Lincolnshire and Nottinghamshire up into Yorkshire. The installation of the Autopart system, built and developed by MAM Software, will create a fully integrated system capable of supporting Motosave's fitting bays and retail shops. The business management system will be used throughout the stores and incorporates features for the management of the Motosave fitting bays as well as controlling their parts and accessory sales. The system will be fully integrated, linking point-of-sale functionality with comprehensive stock control, purchase ordering and accounting back-office facilities. Using the latest communication technology, all 24 branches will connect to a common database at the Group's head office. In total, the system will link over 100 users across the UK, enhancing Motosave's ability to distribute and share resources and expertise across all its branches. Richard Shortis, Managing Director of Wilco, who recently acquired the Motosave branches, explains the decision, "We decided to install the MAM computer software in all of the Motosave stores, building on the success of the system in our Wilco stores. It is a significant move for all the new Motosave branches as it will bring them in line with the rest of the Shortis Group, offering staff and ultimately customers the required information quickly and efficiently. Mike Jamieson, Managing Director of MAM Software, said, "We are delighted that Wilco has chosen our software for their newly acquired business. We have worked closely with Wilco for the past six years and this investment is a great testimony to the quality of our Autopart software and the strength of our support." This investment takes the total number of branches of Wilco branches using MAM's Autopart software to over 70. Installation of the new software is due to begin soon with all 24 branches going live in February. About Wilco --Wilco is part of the Shortis Group and has branches in Cambridge, Colchester, Corby, Felixstowe, Gt. Yarmouth, Ipswich, Kettering, King's Lynn King's Lynn, town (1991 pop. 37,323), Norfolk, E England, on the Great Ouse River near its influx into The Wash, an inlet of the North Sea. Its large harbor serves foreign as well as coastal trade and is the base for a fishing fleet. , Lowestoft, Market Harborough, Norwich, Watton, Wellingborough and Wisbech. --The Shortis Group recently acquired Motosave, whose branches stretch across Nottinghamshire, Lincolnshire and Yorkshire, with shops in Worksop, Birstall, Bradford, Bramley, Castleford, Huddersfield, Keighley, Knottingley, Leeds, Morley, Malton, Selby, York, Goole, Barnsley, Doncaster, Mexborough, Gainsborough, Lincoln and Scunthorpe. --Further details about Wilco are available on-line at www.wilco-fastfit.co.uk. --The Shortis Group has been in business since 1964. It now boasts 42 branches of Wilco and Motosave shops, encompassing nearly 400 enthusiastic staff in East Anglia East Anglia (ăng`glēə), kingdom of Anglo-Saxon England, comprising the modern counties of Norfolk and Suffolk. It was settled in the late 5th cent. by so-called Angles from northern Germany and Scandinavia. , the East Midlands The East Midlands is one of the regions of England and consists of most of the eastern half of the traditional region of the Midlands. It consists of the combined area of Derbyshire, Leicestershire, Rutland, Northamptonshire, Nottinghamshire and most of Lincolnshire. and Yorkshire. The Shortis Group is now the largest, privately owned, independent motor store group in the country and has group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. of over GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 30m. The Group is family owned and managed by father and son team, Kevin and Richard Shortis. About Auto Data Network Auto Data Network is a group of established companies which provide software products and services to the automotive industry. The company's main customer base is the auto dealership marketplace. This marketplace consists of approximately 78,000 dealers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and 92,000 dealers in Europe. The company estimates that this represents a $15 billion market for Software and Services specifically for auto dealerships. The company supplies a suite of software solutions and services that enable dealerships to run their businesses more efficiently whilst achieving considerable cost savings. The majority of the company's current solutions are focused on serving the aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. and finance areas of dealerships. These areas are of particular importance as the aftermarket business is responsible for 48% of a dealerships profit from 12% of their overall revenue. The second most profitable area is vehicle finance and insurance this area contributes 35% of profits from 2% of revenues. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; general economic conditions; and other risks detailed time to time in the Company's filings with the Securities and Exchange Commission (SEC). |
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