Auto Data Network Announces New Aftermarket Software Contracts.Business Editors/Automotive Writers TUNBRIDGE WELLS Tunbridge Wells: see Royal Tunbridge Wells, England. , United Kingdom--(BUSINESS WIRE)--April 10, 2003 Auto Data Network Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADNW OB), a provider of real time data network serving the automotive sector, today announced that its recently acquired award winning parts software supplier, MAM Software, has made substantive progress in the last 45 days winning major new accounts. These New Accounts Include: Brown Brothers (major automotive paint and refinish re·fin·ish tr.v. re·fin·ished, re·fin·ish·ing, re·fin·ish·es To put a new finish on (furniture). re·fin distributor), www.brownbrothers.com Formula One (leading multi-store service dealer), www.f1autocentres.co.uk Mr. Clutch (leading multi-store fast fit service dealer), www.mrclutch.com ADN ADN Anchorage Daily News (Alaska newspaper) ADN Yemen (international vehicle registration) ADN Ácido Desoxirribonucleico ADN Acide Désoxyribonucléique (French: DNA) Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Chris Glover commented, "We are very pleased with the progress that recently acquired MAM Software has achieved since joining our group. The aftermarket software section of 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. is of particular importance to Auto Retailers as the Auto Aftermarket is valued at $250 billion worldwide. Currently, the aftermarket business comprises up to 45% of a dealership's profit, underscoring the importance of creating additional efficiencies and cost savings in this area." Auto Data Network comprises a group of established, automotive companies providing real time data and transactional services to manufacturers, retailers and consumers thereby enabling industry-wide revenue generation, communication and information collection. Services are integrated onto a single transaction platform and data network. The platform propositions are integrated as a communications channel that allows all automotive sector participants to transact within a single environment, in which transactional data is added and modified on the network. This process creates a unique source of "Intelligent Information(TM)" that can be accessed by subscribing companies to analyze and react to changes in market conditions. 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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