Auto Data Network Third Quarter Results

    TUNBRIDGE WELLS, UK--Feb. 3, 2003--Auto Data Network Inc (ADN) (OTC:BB ADNW.OB), creators of real-time data and transactional network and software services to automotive manufacturers, retailers and consumers today announced results for the third quarter ending November 30, 2002.
    In the three-month period ADN recorded revenues of $474,715 and a net operating profit of $210,864. For the comparable quarter in 2001 the Company recorded $40,171 in revenue and an operating loss of $294,941.
    During the quarter ADN has continued to develop the Orbit Platform, increasing its functionality and scalability and also the penetration and access to the network through automotive manufacturers and retailers. The Company has completed two acquisitions greatly enhancing its service offering. These acquisitions will increase annual turnover by $14 million and provide ADN's Orbit Platform and proprietary ADN software solutions with access to an extensive blue chip client base across the automotive sector.
    The two acquisitions are: (1) Automatrix UK Limited, which was established in the North East of England in 1999 to develop the unique software system that assists car dealers through a customer driven approach to the purchase of vehicles through enabling greater understanding of the customer's needs. (2) MAM Software Limited, one of the leading providers of automotive sector real-time systems and software solutions for data networking. MAM has over 14 years of operational expertise gained through extensive services to leading global suppliers, producers and service companies in the motor sector operating in the UK, Ireland and the United States of America.
    "I am very pleased with both the financial results and the development of services and the size of the Orbit Platform" commented Auto Data Network's Chairman and CEO Chris Glover. "In a tough market we have added to the profitability of the group, strengthening our financial resources with the addition of annual revenues in excess of $14 million per annum and dramatically increasing our service and ADN's access to the automotive industry. We expect these developments to further improve revenues and earnings in the coming year."
    Auto Data Network ADN comprises a group of established companies providing real-time data and transactional network services to automotive manufacturers, retailers and consumers enabling industry-wide information collection, communication and revenue generation. This process creates a unique source of global automotive market data "Intelligent Information (TM)" that can be accessed and utilized by ADN subscribers for analysis.

    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 or 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).