8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): March 4, 2009

ADVANT-E CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-30983	88-0339012
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

2680 Indian Ripple Rd., Dayton, OH	45440
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 937-429-4288

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On March 4, 2009 Advant-e Corporation issued a press release announcing results of operations for the year ended December 31, 2008. The text of the release is attached as an exhibit hereto.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) EXHIBITS.

Exhibit Number	Description	Method of Filing
99.1	Company Press Release	Filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Advant-e Corporation (Registrant)
March 5, 2009	By:	/s/ Jason K. Wadzinski
		Jason K. Wadzinski
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Company Press Release

Wednesday March 4, 2009 4:00 p.m.

Advant-e Corporation Announces Financial Results for 2008

Company Reports 24% Increase in Revenue over Prior Year, Net Income Exceeds $1 Million for 2nd Consecutive Year

DAYTON, Ohio, Wednesday March 4, 2009 — Advant-e Corporation (OTC Bulletin Board: AVEE), a provider of Internet-based Electronic Data Interchange services and electronic document management software and services today announced financial and operating results for the year ending December 31, 2008.

The Company reported record revenues for 2008 of $8,869,169, a 24% increase over revenues of $7,162,329 for 2007. The increase is attributable to continued growth of the Company’s internet-based EDI services and the first full year of revenue from products and services sold by Merkur Group, Inc., which was acquired on July 2, 2007.

The Company reported record net income for 2008 of $1,063,790 or $.16 per share compared to $1,022,679 or $.15 per share in 2007. Net income increased 4% in 2008 compared to 2007.

Highlights of 2008 financial and operating results include:

• Revenue Increased for the Eighth Consecutive Year – Revenue increased across all significant product and service categories in 2008 compared to 2007, including Web EDI growth of 10% in grocery and 23% in automotive.

• Net Income Exceeded $1 million for Second Consecutive Year – The Company in 2008 reported net income for the sixth consecutive year.

• Merkur Group Inc. Acquisition – On July 2, 2007, the Company acquired Merkur Group Inc. Merkur contributed $2,137,152 to revenue in 2008 and net income of $121,048 before deducting non-cash charges pertaining to amortization of intangible assets of $54,216.

• Strong Cash Position at Year-end – Cash and cash equivalents of almost $2.1 million provides a solid foundation for meeting the economic challenges due to the credit crisis and weakening economy in 2009.

• One Time Dividend – In 2008 the Company paid a one-time cash dividend of $.14 per share totaling $940,704 to shareholders of record as of October 24, 2008.

• The Company has no Outstanding Bank or Other Long-Term Debt – The Company continues to maintain an unused $1 million bank line of credit.

• Share Repurchase Program – In 2008 the Company repurchased 101,096 shares of common stock at an average price of $1.49 per share.

Mr. Jason K. Wadzinski, Chairman and CEO of Advant-e stated, “2008 was a challenging year for Advant-e and almost all other companies due to the credit crisis, weakening economy, and other factors. I am pleased that even with all of the issues that have negatively impacted businesses across the country, we continued to grow top line revenue last year and that we surpassed $1 million in net income for the second consecutive year.”

“Many of our customers are facing significant challenges due to the current recession. This is especially true in the automotive and manufacturing sector which represented 9% of Edict System’s revenue last year. Merkur Group met our expectations in 2008, but weakness occurred in the second half of 2008, which we believe is directly attributable to the overall economy.”

“Due to the recurring nature of much of our revenue, our strong balance sheet, and the exceptional value proposition of our product and service offerings, we believe we are well positioned to weather the current economic challenges in 2009 and beyond.”

About Advant-e Corporation

Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc., is a provider of internet-based 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 info@edictsystems.com.

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

For the years ended December 31, 2008 and 2007

	2008			2007
Revenue	$	8,869,169		7,162,329
Cost of revenue		3,476,670		2,498,850
Gross margin		5,392,499		4,663,479
Marketing, general and administrative expenses		3,705,542		3,147,344
Operating income		1,686,957		1,516,135
Other income (expense), net		(30,701	)	77,431
Income before income taxes		1,656,256		1,593,566
Income tax expense		592,466		570,887
Net income	$	1,063,790		1,022,679
Earnings per share – basic and diluted	$	0.16		0.15
Weighted average shares outstanding – basic and diluted		6,785,794		6,655,808

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31, 2008 and 2007

	2008			2007
Assets
Current assets:
Cash and cash equivalents	$	2,090,005		2,039,447
Short-term investments		232,721		292,151
Accounts receivable, net		699,095		805,241
Prepaid software maintenance costs		156,027		183,618
Prepaid expenses and deposits		74,361		68,930
Prepaid income taxes		16,837		—
Deferred income taxes		152,156		70,554
Total current assets		3,421,202		3,459,941
Software development costs, net		112,453		194,238
Property and equipment, net		434,645		433,658
Goodwill		1,474,615		1,450,368
Other intangible assets, net		413,932		498,644
Total assets	$	5,856,847		6,036,849
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	207,374		211,738
Accrued salaries and other expenses		283,360		273,210
Income taxes payable		—		112,700
Deferred revenue		583,677		645,093
Total current liabilities		1,074,411		1,242,741
Deferred income taxes		335,663		319,355
Total liabilities		1,410,074		1,562,096
Shareholders’ equity:
Common stock, $.001 par value; 20,000,000 shares authorized; 6,738,261 shares issued and 6,713,919 shares outstanding at December 31, 2008; 6,875,015 shares issued and 6,815,015 shares outstanding at December 31, 2007		6,738		6,875
Paid-in capital		2,020,206		2,210,200
Retained earnings		2,455,764		2,332,678
Treasury stock, at cost, 24,342 and 60,000 shares at December 31, 2008 and 2007, respectively		(35,935	)	(75,000	)
Total shareholders’ equity		4,446,773		4,474,753
Total liabilities and shareholders’ equity	$	5,856,847		6,036,849

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the years ended December 31, 2008 and 2007

	2008			2007
Cash flows from operating activities:
Net income	$	1,063,790		1,022,679
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		284,097		228,614
Amortization of software development costs		81,785		68,746
Amortization of other intangible assets		84,712		42,356
Deferred income taxes		(65,294	)	(69,732	)
Purchases of trading securities		(264,182	)	(187,218	)
Proceeds from sale of trading securities		258,457		183,694
Net realized (gain) loss on sales of securities		952		(2,438	)
Net unrealized (gain) loss on trading securities		64,203		(11,755	)
Increase (decrease) in cash arising from changes in assets and liabilities, net of effects of acquisition:
Accounts receivable		106,146		(12,192	)
Prepaid software maintenance costs		27,591		(11,306	)
Prepaid expenses and deposits		(5,431	)	(2,182	)
Prepaid income taxes		(16,837	)	—
Accounts payable		(4,364	)	(41,084	)
Accrued salaries and other expenses		10,150		47,487
Income taxes payable		(136,947	)	3,058
Deferred revenue		(61,416	)	61,721
Net cash flows from operating activities		1,427,412		1,320,448
Cash flows from investing activities:
Purchases of property and equipment		(285,084	)	(242,125	)
Software development costs		—		(15,363	)
Purchase of Merkur Group, Inc.		—		(998,295	)
Net cash flows from investing activities		(285,084	)	(1,255,783	)
Cash flows from financing activities:
Net payments on bank line of credit		—		(160,000	)
Purchase of treasury shares		(151,066	)	(75,000	)
Dividends paid		(940,704	)	—
Net cash flows from financing activities		(1,091,770	)	(235,000	)
Net increase (decrease) in cash and cash equivalents		50,558		(170,335	)
Cash and cash equivalents, beginning of year		2,039,447		2,209,782
Cash and cash equivalents, end of year	$	2,090,005		2,039,447
Supplemental disclosures of cash flow items:
Income taxes paid	$	810,279		637,561
Non cash transactions:
Retirement of shares	$	190,131		—
Issuance of shares for purchase of Merkur Group, Inc.	$	—		568,692

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.