Auto Data Network Subdiary MMI Automotive Awarded Contract to Supply Dealer Management System to Colt Cars Mid-West Limited.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, U.K. -- Auto Data Network Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADNW), a provider of software and real-time data to the automotive industry, today announced that its subsidiary in the UK, MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. Automotive, has been awarded the contract to supply the group dealer management system, Automate, to the Mitsubishi Motors UK's dealer group, Colt Cars Mid-West Limited. Colt Cars Mid-West Limited is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Colt Car Company The Colt Car Company Limited is a privately owned business established in 1974 as part of Mitsubishi Motors' global expansion programme for the purpose of importing and distributing cars and light commercial vehicles in the United Kingdom. ,- the official Mitsubishi Vehicle Importer & Distributor. Automate system will replace the existing Kalamazoo/UCS system KDMS. The system will be housed on servers at the company's Cirencester headquarters with the remote dealerships linked via a VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. . Rob Ayland, General Manager - Retail Operations for Colt Car Co, commented, "Our management team has considerable dealer systems experience and so we knew what to look for. We required a cost effective system, which allowed for ease of use, up-to-the minute, flexible reporting and analysis and an effective marketing program to help obtain and retain customers. To put it simply, our investigations showed that Automate is the best tool for the job." David Hayward, Managing Director of MMI added, "Colt Cars Mid West's decision to choose Automate reflects the growing interest in the market place for our cost effective products supported by a robust service and maintenance package. MMI will continue to work with Mitsubishi Motors UK to maximise the amount of integration that can be achieved between the systems operated by Colt and any Mitsubishi dealer in the UK". About MMI Automotive MMI, founded in 1981, is a leader in Microsoft Windows(R) based dealer management systems (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ) and customer relations marketing systems (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) for both automotive dealers and manufacturers. MMI's products include Automate DMS, a real-time dealer management system designed for automotive dealerships and dealer groups - endorsed by several major automobile manufacturers; Target CRM, a system to help dealerships, dealer groups and manufacturers generate more revenue through the strategic management of customer relationships; Target CCRM CCRM Colorado Center for Reproductive Medicine CCRM Constant Control Relay Module CCRM California Certified Residential Manager CCRM Continuous Cost-Risk Management CCRM Configuration Change and Release Management CCRM Citizens Coalition for Responsible Media , a centralized customer relationship management system for multi-site or multi-franchise dealers; and TimePro, a time recording and management system. MMI also offers design and consultancy services for dealer websites and product development. 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 automobile dealership marketplace. This marketplace consists of approximately 78,000 dealers in North America and 92,000 dealers in Europe. The company estimates that this represents a $15 billion market for Software and Services specifically for automobile dealerships. The company supplies a suite of software solutions and services that enable dealerships to run their businesses more efficiently, while 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 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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