Auto Data Network's MAM Software Subsidiary Receives Major Investment in Its Autopart Product.Business Editors/Automotive Writers TUNBRIDGE WELLS Tunbridge Wells: see Royal Tunbridge Wells, England. , UK--(BUSINESS WIRE)--May 11, 2004 Fast Growing Motor Parts Direct Ltd. Looks to MAM's Latest Autopart System to Continue its Development 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 Motor Parts Direct Limited (MPD MPD maximum permissible dose. MPD abbr. 1. maximal permissible dose 2. multiple personality disorder Multiple personality disorder (MPD) ) has recently made a major investment in the latest Autopart business management system of its subsidiary, MAM Software. Based in Braintree, Essex, UK, MPD is a rapidly developing factor business and is well on its way to doubling in size over the next 12 months. MAM Software have provided systems and data to MPD since the business was started in October 2000. MPD's innovative approach to the aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. has been recently improved with an investment in a unique garage programme designed to enhance their already strong relationships with their customers. This investment follows a planned system expansion, which included an investment in the latest MAM Autopart business management system to take MPD into its next stage of development. Mike Jamieson, Managing Director of MAM Software, stated, "We are delighted that the Autopart system will enable MPD to further their strategy of continuous expansion and improvements in customer service." 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 and finance areas of dealerships. These areas are of particular importance as the aftermarket business is responsible for 48% of a dealership's 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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