Advant E Corp (ADVC) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2012

Advant E Corp

CIK: 925043 Ticker: ADVC

Exhibit 99.1



Monday, May 14, 2012

Advant-e Corporation Announces First Quarter

2012 Results

Quarterly Revenue Increased by 7% and Net Income Increased by 1%

Compared to the First Quarter of 2011

DAYTON, Ohio, May 14, 2012 — Advant-e Corporation (OTC Bulletin Board: ADVC) today announced financial and operating results for the first quarter of 2012. The Company provides Internet-based Electronic Data Interchange services through Edict Systems and sells electronic document management software and services through Merkur Group.

Revenue in the first quarter of 2012 of $2,465,438 increased by 7% over revenue of $2,300,420 in the first quarter of 2011. Revenue from Edict Systems increased by 8% and revenue from Merkur Group was approximately the same, compared to the first quarter in 2011.

Net income in the first quarter of 2012 was $387,207, or $.006 per share, compared to net income of $385,087, or $.006 per share, in the same period in 2011. Net income for Edict Systems decreased 2% while net income for Merkur Group increased by 20%.

Jason K. Wadzinski, Chairman of the Board and Chief Executive Officer, stated, “We again exceeded our 20% pre-tax profitability goal this quarter, although the higher cost of our new headquarters had an impact on net income. Pre-tax profitability was 24% and our cash position remains strong.”

“We continued rolling out our updated Web EDI service to existing customers this quarter and plan on accelerating conversions over the remainder of this year,” continued Mr. Wadzinski. “This new platform will enable us to offer additional services to our customers as well as attract new customers who want to utilize their EDI data in analyzing their business activities and optimizing performance.”

About Advant-e Corporation

Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc. is a provider of internet-based hosted Electronic Data Interchange (EDI) and electronic document management software and services. The Company helps businesses automate manual, paper-intensive processes via expanded use of EDI or by integrating directly with ERP/MRP systems.

Additional information about Advant-e Corporation can be found at,, and, or by contacting investor relations at (937) 429-4288. The company’s email is

The following information was filed by Advant E Corp (ADVC) on Monday, May 14, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Advant E Corp's financial trajectory

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Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Advant E Corp.


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Definitive Proxy Statement (Form DEF 14A)
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Advant E Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
Ticker: ADVC
CIK: 925043
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-12-233041
Submitted to the SEC: Tue May 15 2012 9:04:40 AM EST
Accepted by the SEC: Tue May 15 2012
Period: Saturday, March 31, 2012
Industry: Prepackaged Software

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