NEW YORK, Nov. 24 /PRNewswire-FirstCall/ -- Auto Data Network, Inc. (Pink Sheets: ADNW.PK), announced today that Ian Warwick, President, CEO, Director and Chairman of the Board of Directors of Auto Data Network, Inc. (the "Company" or "ADNW"), will resign all positions effective November 25, 2008. The resignation is a result of the previously announced distribution by the Company to the Company's shareholders, of the 71,250,000 shares of stock of Aftersoft Group, Inc. (BULLETIN BOARD: ASFG.OB) , owned by the Company, as a dividend in order to effect the Company's previously announced spin-off of Aftersoft's businesses.
Following his resignation from ADNW, Mr. Warwick will begin to focus solely on his duties as CEO, President and Director of Aftersoft.
About Auto Data Network, Inc.
Auto Data Network, Inc. (Pink Sheets: ADNW.PK) is the owner of a development phase software platform geared towards the automotive industry.
This press release contains forward-looking statements. 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; and general economic conditions.
