Article: Auto Data Network Generates $0.06 Per Share in Net Earnings on $6.2 Million in Revenue In Fiscal Third Quarter; Revenue Increases 11 Percent Over Previous Quarter.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 22, 2004

Auto Data Network, Inc. (OTC BB: ADNW), a provider of software and real-time data services to the worldwide automotive industry, today reported results for its fiscal third quarter and nine months ended November 30, 2003.

Revenue for its fiscal third quarter was $6.2 million compared to $475,000 for the corresponding three-month period in 2002 and $5.6 million for the previous quarter in the current fiscal year. The Company generated net income in the third quarter of $829,000 or $0.06 per diluted share as compared to $117,000 or $0.01 per diluted share for the same period last year and ...

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