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): November 12, 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 November 12, 2009 Advant-e Corporation issued a press release announcing results of operations for the quarterly period ended September 30, 2009. 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)
November 13, 2009	By:	/S/    JASON K. WADZINSKI
		Jason K. Wadzinski
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Thursday, November 12, 2009

Advant-e Corporation Announces Third Quarter 2009 Results

Company Reports Net Income Increase of 28% and Revenue Increase of 4% over Third Quarter of 2008

DAYTON, Ohio, November 12, 2009 — Advant-e Corporation (OTC Bulletin Board: ADVC) today announced financial and operating results for the third quarter of 2009. 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. Edict Systems and Merkur Group are wholly owned subsidiaries of Advant-e Corporation.

For the third quarter of 2009 the Company reported revenue of $2,158,016, a 4% increase, compared to revenue of $2,067,253 in the third quarter of 2008. Revenue from Edict Systems increased by $83,284, and revenue from Merkur Group increased by $7,479.

Net income for the third quarter of 2009 was $316,678, or $.05 per share, a 28% increase compared to net income of $247,079, or $.04 per share, for the same period in 2008.

Jason K. Wadzinski, Chairman of the Board and Chief Executive Officer, remarked, “We continue our trend of strong cash flow and I believe we performed well in a sluggish economic environment. Both Edict Systems and Merkur Group reported increased revenue in the quarter compared to last year. While Merkur’s revenue growth was nominal, Merkur did contribute considerably to our net income.”

“Due to current economic realities, our automotive related revenue declined 13% in the quarter, and software sales from Merkur are still affected by delayed purchasing decisions and the impact of budgetary constraints by potential customers,” continued Mr. Wadzinski. “I believe that our significant value proposition and the great people we have at both Edict and Merkur will allow us to weather the current economic environment. I also believe that we are well positioned for sustained growth when the overall economy improves”.

The Company announced on October 30, 2009 that it’s Board of Directors has authorized a ten-for-one stock split of the Company’s common stock. All shareholders of record on November 30, 2009 will receive 10 shares in exchange for each share held on that date.

The Board of Directors also declared the payment of $.03 per share (after the ten-for-one stock split) cash dividend, payable in three installments of $.01 each by no later than December 31, 2009, June 30, 2010, and December 31, 2010. The record date for each dividend will be announced separately on dates to be determined by the Board of Directors of the company.

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 CONDENSED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2009			2008		2009	2008
Revenue	$	2,158,016		2,067,253		6,514,265	6,712,754
Cost of revenue		858,522		792,351		2,688,352	2,615,977
Gross margin		1,299,494		1,274,902		3,825,913	4,096,777
Marketing, general and administrative expenses		801,355		884,584		2,526,143	2,869,978
Operating income		498,139		390,318		1,299,770	1,226,799
Other income (expense), net		(3,376	)	(25,852	)	2,459	(2,241	)
Income before income taxes		494,763		364,466		1,302,229	1,224,558
Income tax expense		178,085		117,387		439,611	432,944
Net income	$	316,678		247,079		862,618	791,614
Earnings per share – basic and diluted	$	.05		.04		.13	.12
Weighted average shares outstanding – basic and diluted		6,685,883		6,791,399		6,691,922	6,807,085

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

	September 30, 2009 (Unaudited)			December 31, 2008
Assets
Current Assets:
Cash and cash equivalents	$	3,121,338		2,090,005
Short-term investments		—		232,721
Accounts receivable, net		712,543		699,095
Prepaid software maintenance costs		165,495		156,027
Prepaid expenses and deposits		93,669		74,361
Prepaid income taxes		38,132		16,837
Deferred income taxes		138,134		152,156
Total current assets		4,269,311		3,421,202
Software development costs, net		111,820		112,453
Property and equipment, net		333,068		434,645
Goodwill		1,474,615		1,474,615
Other intangible assets, net		350,398		413,932
Total assets	$	6,539,212		5,856,847
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	144,018		207,374
Accrued salaries and other expenses		300,228		283,360
Deferred revenue		590,314		583,677
Total current liabilities		1,034,560		1,074,411
Deferred income taxes		243,534		335,663
Total liabilities		1,278,094		1,410,074
Shareholders’ equity:
Common stock, $.001 par value; 20,000,000 shares authorized; 6,737,741 shares issued and 6,672,269 outstanding at September 30, 2009; 6,738,261 shares issued and 6,713,919 shares outstanding at December 31, 2008		6,738		6,738
Paid-in capital		2,019,583		2,020,206
Retained earnings		3,318,382		2,455,764
Treasury stock at cost, 65,472 and 24,342 shares at September 30, 2009 and December 31, 2008, respectively		(83,585	)	(35,935	)
Total shareholders’ equity		5,261,118		4,446,773
Total liabilities and shareholders’ equity	$	6,539,212		5,856,847

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended September 30,
	2009			2008
Cash flows from operating activities:
Net income	$	862,618		791,614
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		190,127		205,845
Amortization of software development costs		61,338		61,338
Amortization of other intangible assets		63,534		63,534
Deferred income taxes		(78,107	)	(93,920	)
Purchases of trading securities		(99,922	)	(213,754	)
Proceeds from sales of trading securities		327,193		209,724
Net unrealized (gains) losses on trading securities		(34,546	)	38,095
Net realized (gains) losses on sales of securities		39,996		(7,429	)
Increase (decrease) in cash arising from changes in assets and liabilities:
Accounts receivable		(13,448	)	77,906
Prepaid software maintenance costs		(9,468	)	831
Prepaid expenses and deposits		(19,308	)	12,695
Prepaid income taxes		(21,295	)	(55,553	)
Accounts payable		(63,356	)	(20,008	)
Accrued salaries and other expenses		16,868		(22,063	)
Income taxes payable		—		(136,947	)
Deferred revenue		6,637		2,953
Net cash flows from operating activities		1,228,861		914,861
Cash flows from investing activities:
Purchases of property and equipment		(88,550	)	(162,948	)
Software development costs		(60,705	)	—
Net cash flows from investing activities		(149,255	)	(162,948	)
Cash flows from financing activities:
Purchase of treasury shares		(48,273	)	(88,581	)
Net increase in cash and cash equivalents		1,031,333		663,332
Cash and cash equivalents, beginning of period		2,090,005		2,039,447
Cash and cash equivalents, end of period	$	3,121,338		2,702,779
Supplemental disclosures of cash flow items:
Income taxes paid	$	539,013		718,100
Non-cash transaction
Retirement of 520 and 60,000 treasury shares during the nine months ended September 30, 2009 and 2008, respectively		623		75,000

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.