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Advant E Corporation (GM)

Advant E Corporation (GM) (ADVCD)

112,400.00
0.00
( 0.00% )
Updated: 20:00:00

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Key stats and details

Current Price
112,400.00
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Previous Close
112,400.00
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
-
Financial Volume
-
VWAP
-

ADVCD Latest News

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PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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ADVCD Discussion

View Posts
trader59 trader59 1 year ago
Dang, I missed this one. RS'd their way to a $112K per share price, then just died. I really wanted to see a share or two change hands.
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esidney esidney 1 year ago
I'm wondering what Advant-e will do next.
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Renee Renee 2 years ago
ADVCD: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions
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trader59 trader59 2 years ago
LOL! $112k per share?

Should have done an 80000:1 RS, popped up near BRK.A

Oooo, and they're dark/defunct. Wonder who's pulling the strings?
👍️0
Lime Time Lime Time 2 years ago
Is this stock price going to be nearly $100,000 price per share (After split)? I'm trying to figure this one out. This one is mind boggling.

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Renee Renee 2 years ago
ADVC one for 20,000 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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esidney esidney 3 years ago
I just received this from Schwab. Anyone have more info or know how we'll be able to trade ADVC after August?

Learn how amendments to SEC Rule 15c2-11 impact your account(s)

On September 28, 2021, new amendments adopted by the Securities and Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

Ahead of the regulatory enforcement date, Schwab will only accept orders to liquidate positions (i.e. no new buy orders) starting in late August 2021. Please note: After the amendment officially goes into effect on September 28, 2021 it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.

What this means for your account(s).
You’re receiving this notification because you currently hold (or have held) the impacted securities noted at the end of this notice.

You may have multiple options to consider, such as:

Take no action. You are not required to sell these securities; however, starting in late August 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.

Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.

Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of Schwab. If you are interested in transferring the assets, please contact your other financial institution to initiate the transaction.

Thank you for your understanding in this matter. Guidance on and implementation of this amendment are rapidly changing, and we are committed to providing you with updated information once it is available. If you have any questions or need further assistance, please call us at 800-435-4000.

Securities you hold or recently held:*

Symbol CUSIP Company Name
ADVC 00761J206 Advant-e Corp.
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Mpettis Mpettis 4 years ago
Hi there,

Does anybody have this company's annual report? I'm looking into this company and would appreciate it if anybody could send me a copy of their latest AR. Email: marcfisher1965@gmail.com

Much appreciated!
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Chiron Chiron 4 years ago
OC Millionaire for PRESIDENT!!
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k1234 k1234 6 years ago
No problem... and thank you!! You can send to me at sminila@yahoo.com.
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esidney esidney 6 years ago
Ok, but I'm not a subscriber to this board.
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k1234 k1234 6 years ago
Great -- thank you! Would you mind sharing last year's with me? I can PM you my e-mail address.
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esidney esidney 6 years ago
Yes, once a year usually in April or May.
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k1234 k1234 6 years ago
Hi there -- Considering investing in ADVC. I know the company isn't posting financials publicly. Are they disclosing them to shareholders?
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esidney esidney 7 years ago
Dividend paid yesterday, $0.41 per share, about 9%
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Renee Renee 8 years ago
No idea what they're up to. The end result is essentially a one for 10 reverse split.
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esidney esidney 8 years ago
Why would they do this? Do they expect there's naked short selling?
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Renee Renee 8 years ago
ADVC: effective June 10,2016 a one for 10,000 reverse split followed by a 1,000 for one forward split:

http://otce.finra.org/DLSymbolNameChanges
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Immie Immie 8 years ago
I remember when this thing was .18 should have held!
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esidney esidney 8 years ago
Surprise $0.02 per share dividend Just showed up in my account. I didn't see it announced anywhere. LOL!
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Immie Immie 8 years ago
some volume today..... Man oh Man do I wish I had some shares from .15 cents
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esidney esidney 8 years ago
Yes. I check in occasionally. I see the volume has been up lately.
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Immie Immie 8 years ago
esidney you still on this?
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esidney esidney 9 years ago
They aren't required to because there are fewer than 500 shareholders and they have less than $10 million in total assets.

http://www.advant-e.com/press/2013/050113.html

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ubw ubw 9 years ago
Why is there no 10k 10q filings? i feel like i might be asking a stupid or obvious questions but why doesnt this company filed for 10k in the recent 3 years? And theres hasnt been a press release since april 24, 2014.
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Immie Immie 9 years ago
Man I should have keep my shares from a long time ago!
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esidney esidney 9 years ago
Special dividend. 3 cents this time.
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stocktrademan stocktrademan 9 years ago
$ADVC DD Notes ~ http://www.ddnotesmaker.com/ADVC

bullish
cci(50) crosses 100 upwards
http://stockcharts.com/school/doku.php?st=cci&id=chart_school:technical_indicators:commodity_channel_index_cci

$ADVC recent news/filings

## source: finance.yahoo.com

Thu, 24 Apr 2014 16:13:00 GMT ~ Advant-e Corporation Announces $.02 per share Special Cash Dividend; $1.5 Million Share Repurchase Plan

[PR Newswire] - DAYTON, Ohio, April 24, 2014 /PRNewswire/ -- Advant-e Corporation (ADVC) today announced that its Board of Directors declared the payment of $.02 per share special cash dividend, payable on May 23, 2014 to shareholders of record as of May 14, 2014. The $.02 per share cash dividend will total approximately $1.2 Million. The Board of Directors also approved a share repurchase program for up to $1.5 Million of the Company's common stock until December 31, 2014. The shares may be purchased on the open market or in privately negotiated transactions at a price not to exceed $0.39 per share before May 12, 2014 and $0.37 per share on or after May 12, 2014. 203 if they would like to participate in the share repurchase program. 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.

read full: http://finance.yahoo.com/news/advant-e-corporation-announces-02-161300962.html
*********************************************************


$ADVC charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$ADVC company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/ADVC/company-info
Ticker: $ADVC
OTC Market Place: OTC Pink No Information
CIK code: 0000925043
Company name: Advant-e Corp.
Company website: http://www.advant-e.com
Incorporated In: DE, USA

Business Description: Advant-e Corporation through its wholly-owned subsidiaries, Edict Systems, Inc. and Merkur Group, Inc., develops, markets, resells, and hosts software and provides services that allow its customers to send and receive business documents electronically in standard and proprietary formats.


$ADVC share structure

## source: otcmarkets.com

Market Value: $31,030,293 a/o Oct 31, 2014
Shares Outstanding: 59,673,640 a/o Mar 28, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$ADVC extra dd links

Company name: Advant-e Corp.
Company website: http://www.advant-e.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ADVC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ADVC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ADVC+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/news - http://finance.yahoo.com/q/h?s=ADVC+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ADVC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ADVC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ADVC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Advant-e+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Advant-e+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Advant-e+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.advant-e.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.advant-e.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.advant-e.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ADVC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000925043&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ADVC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ADVC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ADVC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ADVC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ADVC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ADVC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ADVC+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ADVC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ADVC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ADVC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ADVC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ADVC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ADVC/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ADVC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ADVC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ADVC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ADVC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ADVC



$ADVC DD Notes ~ http://www.ddnotesmaker.com/ADVC
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esidney esidney 10 years ago
Nice, But some kind of a financial report from Advant-e would be helpful.
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Immie Immie 10 years ago
Dividend time!
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Immie Immie 10 years ago
interesting
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esidney esidney 10 years ago
70k share buy at $0.42
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Immie Immie 11 years ago
100,000 share sell on friday
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ghmm ghmm 11 years ago
I gave in and sold out a while ago after the announcement. I did ok on my investment especially when factoring in the dividend and even bought 9999 shares in accounts that I didn't have positions (and sold them too).

Still I wanted to keep holding for a bigger pay day. I thought the company could be worth quite a lot more if Jason would sell out or if one of their other segments (Healthcare seemed most likely) caught some steam.

With all the shares they bought back though if they change their mind and don't delist it will be quite attractive and there should be a nice bump in EPS just on the buyback!

Your either very lucky or unlucky depending on how you look at it. I only recall you talking about 2 stocks and they both go private at a premium! I wouldn't make much of the lawsuits it seems par for the course these days. They'll probably try to squeeze a few dollars out of the company most cases are probably settled with the company's insurance paying the fee (and of course shareholders get little/nothing).
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esidney esidney 11 years ago
ADVC may want to consider AUTO's actions before forcing shareholders to sell back their shares cheap. AUTO is going private for $1.05. Now there are at least 3 law firms investigating the board of directors.
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esidney esidney 11 years ago
Yahoo's at Yahoo can't seem to keep the ADVC board working. :)
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zsvq1p zsvq1p 11 years ago
I think sell now! the goal is to take it back to private.
As I think about this... Maybe I should say "going dark" They need to get under 300 shareholders.

why go DARK?

http://www.dorsey.com/going_dark_voluntary_delisting_deregistration/
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zsvq1p zsvq1p 11 years ago
I think sell now! the goal is to take it back to private.

a 1-for-10,000 reverse stock split
If you have 10,000 shares ($2700), after the 1-for-10,000 reverse stock split, you will have 1 share ($2700). Not many folks buy shares at that price. Risk! someone offers $50 and someone takes it... or maybe even $1000? You just lost. I just don't think many people gonna buy at $2700 a share.

followed by a 1,000-for-1 forward stock split and a $2,000,000 share repurchase program
Notice the order?

The Board is also considering payment of a potential special cash dividend pending the results of the stock splits, the share repurchase program and the Company's cash flow.

Let's say nobody trades. Price stays at $2700.. then they followed by a 1,000-for-1 forward stock split.. You now have 1000 shares... $2.70 a share.. that is when they start to use the $2 million to finish everyone off. The the final is a divy to then try and get more shares back...

Who knows the other big shareholders? Jason Wadzinski has 36 million.. I think his brother has a bunch too. These large shareholders might be part of the private company coming? Hard to say.

A 14 file is coming... maybe more details.

Just my thoughts.

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esidney esidney 11 years ago
They would do a reverse split of 10,000 to 1 and buy up all fractional shares at a pre-split price of 27 cents per share. That would be a buy out of anyone owning less than 10,000 shares. Then they would split at 1,000 to 1. This would reduce the number of share holders to 75.
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Immie Immie 11 years ago
can anyone break this down for me.... it could because it is late but they will do an R/S and the a F/S...... what?
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ghmm ghmm 11 years ago
Yes it would be a pink sheet. I haven't tried contacting the company to know if they would still release audited financials or not (my guess is Yes). If anyone does contact them please post.
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esidney esidney 11 years ago
After the actions described in the press release today, would the stock then be traded as a pink sheet stock?
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ghmm ghmm 11 years ago
This seems like quite a shareholder friendly delisting! Given how much stock the CEO owns. Would be interesting to know the Dividend amount could determine whether some sell out or hold. I bought 9,999 shares in accounts I didn't have any.
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littlefish littlefish 12 years ago
esdiney, ghmm- ya the first part was about ADVC and 2nd part about DPDWD. Same mngmnt at DPDWD.
As ghmm said there's hair on mngmnt at Deep and I prefer ADVC's mngmnt team to Deep with little question. More like wool on Deep's mngmnt but I think they decided to get a light shear. We'll see.
👍️0
ghmm ghmm 12 years ago
I think he is referring to DPDWD. LF is pretty good at doing his research. I am not too familiar with the company but know they have a very turbulent history. I don't know if its the same management. It may have more upside but my guess is its a bit riskier then ADVC .
👍️0
esidney esidney 12 years ago
What company are you talking about?
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littlefish littlefish 12 years ago
Considering the history, cash generation, and balance sheet I think we could see another div announced later in the year unless I missed something about them more permanently stopping the practice.

I actually think Deep Down (or Deep Doo Doo as my daughter calls it) is worth looking at here. Listen to their Q1 CC on website around minute 36 and compare the 'backlog' numbers they mention vs the Q2 #s that were put out. Looks like they bumped from around $10 mill to around $17 mill I think and they had an almost $8 mill Q for Q2 so I'm thinking they are starting to show signs of sustainable profitability and higher revs. It's early with Q2 only one Q but think they may have finally found some solid footing.
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esidney esidney 12 years ago
Net income up 29% (2Q)

Quarterly Revenue Increased by 8% and Net Income Increased by 29% Compared to the Second Quarter of 2012

http://finance.yahoo.com/news/advant-e-corporation-announces-second-142400619.html

👍️0
Immie Immie 12 years ago
Advant-e Corporation Announces Financial Results for 2011

Company Reports Record Revenue and Net Income; Revenue increased 3% and Net income increased 8% compared to 2010

BEAVERCREEK, Ohio, March 22, 2012 /PRNewswire via COMTEX/ -- Advant-e Corporation (OTCBB: ADVC) today announced financial and operating results for the year ending December 31, 2011. The Company provides Internet-based Electronic Data Interchange services through Edict Systems, Inc. and sells electronic document management software and services through Merkur Group, Inc.
The Company reported revenue in 2011 of $9,588,535 compared to revenue of $9,302,611 in 2010, and reported net income for 2011 of $1,711,380, or $.026 per share, compared to $1,585,339, or $.024 per share, in 2010.

Consolidated revenue set a record, and increased by 3% over 2010. Revenue for Edict Systems, which grew for the eleventh consecutive year, increased by 6% primarily from growth in Web EDI services in Grocery/Retail and Automotive, and in EnterpriseEC. Revenue from Merkur Group decreased by 12% as Merkur continues to face challenges in their targeted markets.

Consolidated net income set a record and increased by 8% over 2010. 2011 was the ninth consecutive year that the Company has reported a net profit. Net income from Edict Systems increased by 13%, and Merkur Group contributed net income of $170,392.

Mr. Jason K. Wadzinski, Chairman and CEO of Advant-e stated, "We had a successful 2011 as we reported record revenue and record net income. We paid a $.02 per share special cash dividend and ended the year with a strong cash position with no outstanding bank or other long-term debt. We substantially exceeded our goal of 20% pre-tax profitability by achieving 27%. The Company moved to a new facility which provides additional space and infrastructure improvements. Edict Systems continued to convert Web EDI customers to our new platform, for which we have received favorable customer feedback."

"Our goal for 2012 is to increase top-line revenue growth while maintaining acceptable profitability," continued Mr. Wadzinski. "We will continue our efforts to grow in the industries in which we have a presence as well as focus on new opportunities."

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 www.Advant-e.com, www.EdictSystems.com, and www.MerkurGroup.com, or by contacting investor relations at (937) 429-4288. The company's email is advant-e@edictsystems.com.

ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2011 and 2010

2011 2010
------------ ---------
Assets
Current assets:
Cash and cash equivalents $ 3,459,402 2,963,172
Accounts receivable, net 784,239 743,020
Prepaid software maintenance costs 190,429 174,013
Prepaid expenses and deposits 107,871 99,234
Prepaid income taxes 1,910 --
Deferred income taxes 207,336 153,643
------------ ---------

Total current assets 4,751,187 4,133,082
Software development costs, net 262,102 308,832
Property and equipment, net 171,199 228,121
Goodwill 1,474,615 1,474,615
Other intangible assets, net 159,796 244,508
------------ ---------

Total assets $ 6,818,899 6,389,158

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 112,402 79,986
Income taxes payable -- 33,619
Accrued salaries and other expenses 205,334 180,311
Deferred revenue 748,828 673,810
------------ ---------

Total current liabilities 1,066,564 967,726
Deferred income taxes 198,456 244,481
------------ ---------

Total liabilities 1,265,020 1,212,207
------------ ---------

Shareholders' equity:
Common stock, $.001 par value; 100,000,000 shares authorized; 66,722,590 shares issued and 66,723 66,723
outstanding
Paid-in capital 1,936,257 1,936,257
Retained earnings 3,550,899 3,173,971
------------ ---------

Total shareholders' equity 5,553,879 5,176,951
------------ ---------

Total liabilities and shareholders' equity $ 6,818,899 6,389,158



ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the years ended December 31, 2011 and 2010

2011 2010
------------ -----------
Revenue $ 9,588,535 9,302,611
Cost of revenue 3,778,885 3,660,685
------------ -----------

Gross margin 5,809,650 5,641,926
Marketing, general and administrative expenses 3,216,048 3,237,337
------------ -----------

Operating income 2,593,602 2,404,589
Other income, net 2,530 1,582
------------ -----------

Income before income taxes 2,596,132 2,406,171
Income tax expense 884,752 820,832
------------ -----------

Net income $ 1,711,380 1,585,339

Earnings per share - basic and diluted $ 0.026 0.024

Weighted average shares outstanding - basic and diluted 66,722,590 66,722,590




ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
For the years ended December 31, 2011 and 2010

Common Stock Paid-in Retained Treasury Total
Capital Earnings Stock
------------ --------- ----------- -------- -----------
Balance January 1, 2010 $ 66,951 1,964,221 1,588,632 (28,192) 3,591,612
Net income 1,585,339 1,585,339
Retirement of shares (228) (27,964) 28,192 --
------------ --------- -------- -----------

Balance December 31, 2010 66,723 1,936,257 3,173,971 -- 5,176,951
Net income 1,711,380 1,711,380
Dividends ($0.02 per share) (1,334,452) (1,334,452)
----------- -----------

Balance December 31, 2011 $ 66,723 1,936,257 3,550,899 -- 5,553,879




ADVANT-E CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended December 31, 2011 and 2010

2011 2010
------------ -----------
Cash flows from operating activities:
Net income $ 1,711,380 1,585,339
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation 146,036 203,552
Amortization of software development costs 87,366 30,669
Amortization of other intangible assets 84,712 84,712
Loss on disposal of assets 1,003 4,688
Deferred income taxes (99,718) (31,042)
Increase (decrease) in cash arising from changes in assets and liabilities:
Accounts receivable (41,219) (108,965)
Prepaid software maintenance costs (16,416) (11,506)
Prepaid expenses and deposits (8,637) (23,715)
Prepaid income taxes (1,910) 39,798
Accounts payable 32,416 (35,560)
Income taxes payable (33,619) 33,619
Accrued salaries and other expenses 25,023 33,612
Deferred revenue 75,018 91,512
------------ -----------

Net cash flows from operating activities 1,961,435 1,896,713
------------ -----------

Cash flows from investing activities:
Purchases of property and equipment (90,117) (123,540)
Software development costs (40,636) (189,545)
------------ -----------

Net cash flows from investing activities (130,753) (313,085)
------------ -----------

Cash flows from financing activities:
Dividends paid (1,334,452) (1,334,452)
------------ -----------

Net increase in cash and cash equivalents 496,230 249,176
Cash and cash equivalents, beginning of year 2,963,172 2,713,996
------------ -----------

Cash and cash equivalents, end of year $ 3,459,402 2,963,172

Supplemental disclosures of cash flow items:
Income taxes paid $ 1,020,000 778,417
Non cash transactions:
Retirement of shares $ -- 28,192


The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected on its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
SOURCE Advant-e Corporation
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Immie Immie 12 years ago
Wonder when the stock will actually start moving.
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