Griffin Securities Issues Research Update on Auto Data Network, Inc.; Analyst Sets Target Price of $4.60 for FY 2005 Ending February

NEW YORK and TUNBRIDGE, England--Nov. 2, 2004--Auto Data Network (OTC BB: ADNW), a provider of software and real-time data services to the automotive industry, announced today that Griffin Securities has issued a research update on Auto Data Network Inc. with a "Buy" rating and price target of $4.60. Chrystyna Bedrij, Director of Research, issued the report. A copy of the report can be obtained through Reuters.com, FirstCall.com, Yahoo.com, or through Griffin Securities, Inc.

Griffin Securities, Inc., is a New York City based Investment Banking firm providing Corporate Finance, Merger & Acquisitions, Asset Management, Brokerage and Research services for Institutional, Corporate and Private Clients. The firm is a member of the National Association of Securities Dealers (NASD) (CRD number 43229) and the Securities Investor Protection Corporation (SIPC). The firm is a subsidiary of Griffin Group plc (London Stock Exchange:GFF - News), a financial services firm based in the U.K. whose other subsidiary, Griffin Securities UK Ltd., is authorized and regulated by the Financial Services Authority (FSA). The group provides financial advisory services to emerging growth companies, institutions, and high net worth individuals.

About Auto Data Network

Auto Data Network is a group of established companies that provide real time data and transactional services and software products to the automotive industry. The company's main customer base is the auto dealership marketplace, which consists of approximately 78,000 dealers in North America and 92,000 dealers in Europe. Auto Data's objective is to create the most comprehensive, online database for the European and U.S. automotive sectors to improve efficiency, competitiveness and cultivate communications between dealers, suppliers, OEMs and customers to reduce costs and increase clients' profitability.

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).