Auto Data Network Aftermarket Division Signs Agreement with Riebes Auto Parts LLC
TUNBRIDGE WELLS, United Kingsdom--July 2, 2003--Auto Data Network Inc. (OTCBB: ADNW), a provider of real-time data network services to the automotive industry, today announced a strategic partnership between one of its subsidiaries, MAM Software Inc, and Riebes Auto Parts of Newcastle, California.Riebes Auto Parts is a chain of stores located in Northern California which provide automotive aftermarket parts and services for both the professional and do-it-yourself installer. "MAM Autopart was selected as our next store control system because it provides the right combination of system features and power to enable our customer service to deliver great service with speed and efficiency," according to Bart Riebe, chairman and owner of Riebes Auto Parts. "Selling the right parts at the right price has become an ever more technical challenge, and 'Autopart' gives my countermen the information they need to be even more efficient and informed."
Larry Blair, of MAM commented, "The partnership with Riebes Auto Parts is an excellent demonstration of the power of our 'Autopart' product. Tying all the locations together so that each branch can leverage the resources of the entire organization will increase the capabilities of each counterman."
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).