Auto Data Network Partners With Experian; Company gains access to 3,500 UK dealer network in three-year partnership agreement
NEW YORK & TUNBRIDGE WELLS, UK--Feb. 1, 20040, 2004--Auto Data Network Inc. ("Auto Data") (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced that it has signed a three-year partnership with Experian(R), an information solutions provider and a subsidiary of GUS plc. Under the terms of the partnership agreement, Auto Data will share all vehicle data from and connectivity with Experian's 3,500 UK dealers network.Auto Data intends to use Experian's vast network to integrate some of its Orbit data and other functionalities currently offered to dealers. Experian data base, which boasts a comprehensive database of over 80 million vehicle records, worldwide, encompasses vehicle history and specification verification services, including vehicle and insurance claims, customer relations management, and vehicle mileage check and trading standard compliance. Data Network's Orbit is a database that consolidates information from many industry sources to deliver business critical intelligence to paying subscribers.
Chris Glover, chairman of ADN, commented, "This is a major step forward for ADN and will further both companies' efforts in providing accurate, real-time integrated information to retail automotive dealers. Our goal of building Orbit, our core data platform, into a global solution for critical business decisions with up-to-the-minute data, is gaining momentum. In time, automobile dealers around the world will be able to maximize profits by making better decisions through Orbit."
About Auto Data Network
Auto Data Network is a group of established companies that 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, while 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 dealership's profit, while representing only 12% of its overall revenue. The second most profitable area is vehicle finance and insurance, which contributes 35% of profits from only 2% of revenues. For more information, please visit us at www.autodatanetwork.com.
About Experian Automotive
Experian Automotive delivers information solutions to manufacturers, dealers, finance and insurance companies, and consumers. Experian helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing 450 million vehicles, along with Experian's credit, consumer and business information assets, meets the industry's growing demand for an integrated information source. Experian's advanced decision support services help clients turn this information into improved business results. Experian technology supports several top automotive web sites including eBay Motors, CarsDirect.com, AutoTrader.com, NADAguides.com and MSN.