Auto Data Network Announces Results for Year End 2003 'In Line with Pro-Forma Estimate'

    TUNBRIDGE WELLS, U.K--June 19, 2003--Auto Data Network Inc. (OTCBB: ADNW - News), a provider of real-time data network services to the automotive industry, today announced its results for fiscal year ended February 28, 2003 which reported revenues of $1,772,966 and net income of $515,648 and EPS of $0.045 for the fiscal year. Chairman and CEO, Chris Glover, commented "these numbers are in line with our Pro-Forma estimate of $16.3 million of revenues and net income of $1.51 million and EPS of $0.11. The Pro-Forma results reflect the effect of acquisitions made during the course of the year and the MAM acquisition which closed post year end". Chris Glover added "The Group has experienced a transition during the past twelve months as we have executed on an acquisition strategy which has brought in established operating businesses who can leverage the combined customer base and utilise and enhance our Orbit technology".

    About ADN

    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.

    Legal Notice Regarding Forward Looking Statements

    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).

Auto Data Network Inc

Condensed Statement of Operations

                                             As of             As of
                                         February 28      February 28,
                                             2003              2002

Total Revenue                             $ 1,772,996       $  40,412
Gross Profit (Loss)                         1,182,803            (348)
Total Operating Expenses                      313,528         717,013
Financing Expenses                             22,564           7,641
Net Profit/(Loss) Before Corporation Tax      846,711        (725,002)
Provision for Tax                            (332,063)           -0-
Net Profit/(Loss)                             514,648        (725,002)

Profit/(Loss) Per Share                         0.045         (0.0652)