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Auto Data Network, Inc. (PS: ADNW) has announced 08/25/06 as the Record Date for the spin-off of its stake in Aftersoft Group, Inc. (OTC/BB: AFSG) to ADNW shareholders. CEO Ian Warwick projects AFSG will have Revenues of at least $34 million and Net Income of at least $5.5 million in 2006. ASFG is a fully reporting company under SEC financial disclosure requirements (filing quarterly financial statements and audited annual financial statements with the SEC). The Company intends to dividend all 60 million shares of AFSG to ADNW shareholders of record August 25, 2006.
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