Auto Data Network Enters into Letter of Intent to Acquire Avenida Technologies Ltd.

Business Editors

TUNBRIDGE WELLS, U.K.--(BUSINESS WIRE)--July 1, 2003

Auto Data Network Inc. (OTCBB: ADNW), a provider of real-time data network services to the automotive industry, today announced a letter-of-intent to acquire Avenida Technologies Limited. The terms of the acquisition are subject to a confidentiality agreement. The acquisition is expected to close in the next thirty days.

Avenida Technologies Limited was established in 1998 and is based in the Midlands, UK. Avenida has in-depth expertise in the field of intelligent rules processing and has utilized this knowledge to deliver rules-based solutions for the auto industry, and currently has clients who include BP, Land Rover, MG Rover, BMW, Ford and Rolls Royce. Auto Data Network's Chairman and CEO, Chris Glover, commented, "Avenida will be an integral component of our Company's business and will make a very strong contribution to our Orbit platform."

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 into 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 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 of internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed time to time in the Company's filings with the Securities and Exchange Commission (SEC).