SBI Capital Releases Corporate Profile on Auto Data Network

    TUNBRIDGE WELLS, U.K.--April 23, 2003--Auto Data Network Inc. (OTCBB:ADNW OB), a provider of real time data network serving the automotive sector, today announced that its investment banker, SBI of California, the US Investment Banking Arm of Softbank Japan, has just issued a comprehensive corporate profile of Auto Data Network.
    To download the Auto Data Network Corporate profile, please visit; http://www.autodatanetwork.com/investor/information.htm
    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 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).