Article: Auto Data Network Completes $16.5 Million Financing; Series B Preferred Stock Financing Will Enable Company to Complete Important Transaction.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 12, 2004

Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced the closing of a $16.5 million financing of Series B Preferred Stock. New investors in this round included Alexandra Global Master Fund Ltd., China Development Bank and Tradewinds Fund Ltd. (Series A investors). Investors that also participated in the Company's prior financing included Creedon Keller & Partners, Inc., Crestview Capital Master, L.L.C., United Value Investors, Ltd., Triage Capital Management LP and Triage Offshore Fund Ltd.

"We are extremely ...

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