Auto Data Network's MAM Software Subsidiary Releases New Automotive Aftermarket Software Developed In Support Of Microsoft .NET Framework
TUNBRIDGE WELLS, UK--July 18, 2003--Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced the release of a new version of aftermarket software by its subsidiary MAM Software Inc. Named Version 21, this latest release utilises new open standards, such as Microsoft's .NET initiative, to enable automotive parts distributors and service providers to operate within one secure business environment, thereby allowing seamless, cost effective interactivity between trading partners.Version 21 leads the next generation of software applications and XML Web services. Its support of the Microsoft .NET Framework delivers business value with faster time-to-market, improved systems flexibility, and reduced costs. Version 21 can connect with existing systems and packaged applications--regardless of their underlying platform, and provides a foundation from which smart client and Web applications for both PCs and mobile devices, such as personal digital assistants (PDAs) and mobile phones, can be produced. Moreover, Version 21 fully supports cross-platform, distributed computing based on recently standardised protocols such as XML, SOAP, and HTTP.
Murdo Jamieson, Managing Director of MAM Software, stated, "Our new release has enhanced our capabilities for linking service dealer chains who operate from many different locations. Furthermore, this latest release supports new, open computing standards, such as Microsoft's .NET, which will serve to increase the accessibility of our software to a larger community of users."
Version 21 and MAM Software, through the deployment of the .NET foundation, now support the integration of over 20 programming languages. This offers developers the ability to integrate with Version 21 and so significantly widens the market opportunity for MAM Software. Fully utilising the benefits of an XML-based cache instead of manipulating a database, Version 21 frees up database connections and results in significantly greater scalability and cost-effectiveness in large-scale deployment.
Auto Data Network's Chairman and CEO, Chris Glover, commented, "Version 21 enhances our automotive aftermarket capabilities and opens up newer and larger business opportunities for us." Mr. Glover added, "the new release demonstrates our focus on supplying this market, in order to allow our clients to build out the lifetime value of their own customers, from initial purchase to an extended after-market relationship. Our early adoption of these new technology advances positions us well to provide fully integrated software and services to all levels of the automotive aftermarket industry."
The MAM Software organisations, MAM Software Ltd., and MAM Software North America, are subsidiaries of Auto Data Network Inc., and supply leading edge technology solutions to the automotive aftermarket market in North America and the United Kingdom. Established for over twelve years MAM Software produces aftermarket software for retailers, motor factors, distributors and garage/workshops businesses.
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 auto 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 auto dealerships. The company supplies a suite of software solutions and services that enable dealerships to run their businesses more efficiently whilst 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 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).