Auto Data Network Subsidiary IFact is Awarded Major Contract by AXA Insurance

NEW YORK & TUNBRIDGE WELLS, UK--Oct. 5, 2004--Auto Data Network Inc (OTCBB: ADNW), a provider of software and real-time data to the automotive industry, today announced that its subsidiary in the UK, IFAct Group Limited, has been awarded a major contract by AXA insurance (NYSE : AXA) to provide training and help develop their top UK brokers to achieve insurance regulation under the FSA. The Regulator is now inclined to authorize these firms thanks to IFAct.

General insurance activity in the UK will fall under the regulation of the FSA in January 2005, and AXA has instructed IFAct to help achieve compliance for their brokers by assisting them with the critical phase of implementing all their commitments to the Regulator. IFAct has also been briefed by AXA to help with some of the technical regulatory detail.

Auto Data Network's Chairman and CEO, Chris Glover, commented "We are delighted that IFAct have been nominated to assist AXA Insurance with the huge task of ensuring that their brokers are compliant with insurance activity under the regulation of the FSA by January 2005".

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.

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).