Auto Data Network's MMI Automotive Subsidiary Becomes Approved Supplier to Honda UK's Dealer Network
NEW YORK & TUNBRIDGE WELLS, UK--June 23, 2004--Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced that its subsidiary, MMI Automotive, has become an approved supplier to the Honda UK dealer network.MMI's Automate DMS product was approved by Honda UK for use within its UK dealer network. Automate is a real-time, Windows(TM) based dealer management system (DMS). Automate DMS provides instant access to management reports on vehicle and parts sales, inventory management, service shop activity, customer relations management and accounting systems. MMI's system has also been endorsed by other major automobile manufacturers including Ford, Mitsubishi, Hyundai and Peugeot.
David Hayward, managing director of MMI Automotive, stated, "To achieve acceptance in Honda UK's approved supplier list requires the satisfaction of certain criteria to validate the efficacy of the supplier's products and its essential benefits to Honda's dealer network. MMI, over its 20-year history, has distinguished itself as a leading provider of management systems for the automotive industry. We look forward to a long working relationship with them."
About Auto Data Network
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 automobile 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 automobile 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 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.
About MMI Automotive
MMI, founded in 1981, is a leader in Microsoft Windows(R) based dealer management systems (DMS) and customer relations marketing systems (CRM) for both automotive dealers and manufacturers. MMI's products include Automate DMS, a real-time dealer management system designed for automotive dealerships and dealer groups - endorsed by several major automobile manufacturers; Target CRM, a system to help dealerships, dealer groups and manufacturers generate more revenue through the strategic management of customer relationships; Target CCRM, a centralized customer relationship management system for multi-site or multi-franchise dealers; and TimePro, a time recording and management system. MMI also offers design and consultancy services for dealer websites and product development.