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 11, 2010

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 11, 2010, Advant-e Corporation issued a press release announcing results of operations for the quarter ended September 30, 2010. 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 12, 2010	By:	/s/ Jason K. Wadzinski
		Jason K. Wadzinski
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Thursday, November 11, 2010

Advant-e Corporation Announces Third Quarter 2010 Results

Company Reports Record Revenue and Net Income; Net Income Increase

of 37% and Revenue Increase of 10% over Third Quarter of 2009

DAYTON, Ohio, November 11, 2010 — Advant-e Corporation (OTC Bulletin Board: ADVC) today announced financial and operating results for the third quarter of 2010. 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 2010 the Company reported revenue of $2,380,510, a 10% increase, compared to revenue of $2,158,016 in the third quarter of 2009. Revenue from Edict Systems increased by $204,554, and revenue from Merkur Group increased by $17,940.

Net income for the third quarter of 2010 was $434,231, or $.006 per share, a 37% increase compared to net income of $316,678, or $.005 per share, for the same period in 2009.

Jason K. Wadzinski, Chairman of the Board and Chief Executive Officer, remarked, “We achieved record revenue and record net income in the third quarter of 2010 on the strength of double-digit revenue growth from our Internet-based EDI services in the grocery and automotive sectors. This quarter marks our 29^th consecutive profitable quarter. Merkur Group contributed to our profitability despite operating in a difficult sales environment.”

“We are continuing to direct much of our energy to growth opportunities in the health care and manufacturing industries, where potential customers have shown interest in our service offerings,” continued Mr. Wadzinski. “At the same time, we expect continued growth in our core grocery and automotive markets.”

“I want to extend my thanks to all of our employees and business partners for their continuing efforts in helping us achieve this record-setting quarter.”

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 June 30,
	2010			2009			2010			2009
Revenue	$	2,380,510			2,158,016			6,918,147			6,514,265
Cost of revenue		913,522			858,522			2,769,072			2,688,352
Gross margin		1,466,988			1,299,494			4,149,075			3,825,913
Marketing, general and administrative expenses		803,341			801,355			2,478,280			2,526,143
Operating income		663,647			498,139			1,670,795			1,299,770
Other income (expense), net		(2,964	)		(3,376	)		(959	)		2,459
Income before income taxes		660,683			494,763			1,669,836			1,302,229
Income tax expense		226,452			178,085			571,486			439,611
Net income	$	434,231			316,678			1,098,350			862,618
Earnings per share – basic and diluted	$	.006			.005			.016			.013
Weighted average shares outstanding – basic and diluted		66,722,590			66,746,560			66,722,590			66,919,220

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

	September 30,  2010 (Unaudited)		December 31, 2009
Assets
Current Assets:
Cash and cash equivalents	$	3,353,328		2,713,996
Accounts receivable, net		746,909		634,055
Prepaid software maintenance costs		194,241		162,507
Prepaid expenses and deposits		56,178		75,519
Prepaid income taxes		—		39,798
Deferred income taxes		167,588		139,144
Total current assets		4,518,244		3,765,019
Software development costs, net		267,937		149,956
Property and equipment, net		250,970		312,821
Goodwill		1,474,615		1,474,615
Other intangible assets, net		265,686		329,220
Total assets	$	6,777,452		6,031,631
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	103,845		115,546
Dividend payable		667,226		1,334,452
Accrued salaries and other expenses		322,612		146,699
Income taxes payable		35,901		—
Deferred revenue		707,691		582,298
Total current liabilities		1,837,275		2,178,995
Deferred income taxes		250,215		261,024
Total liabilities		2,087,490		2,440,019
Shareholders’ equity:
Common stock, $.001 par value; 100,000,000 shares authorized; 66,722,590 shares issued and outstanding at September 30, 2010; 66,951,010 shares issued and 66,722,590 shares outstanding at December 31, 2009		66,723		66,951
Paid-in capital		1,936,257		1,964,221
Retained earnings		2,686,982		1,588,632
Treasury stock at cost, 228,420 shares at December 31, 2009		—		(28,192	)
Total shareholders’ equity		4,689,962		3,591,612
Total liabilities and shareholders’ equity	$	6,777,452		6,031,631

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended September 30,
	2010			2009
Cash flows from operating activities:
Net income	$	1,098,350			862,618
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		158,995			190,127
Amortization of software development costs		30,669			61,338
Amortization of other intangible assets		63,534			63,534
Loss on disposal of property and equipment		4,688			—
Deferred income taxes		(39,253	)		(78,107	)
Purchases of trading securities		—			(99,922	)
Proceeds from sales of trading securities		—			327,193
Net unrealized gain on trading securities		—			(34,546	)
Net realized loss on sales of securities		—			39,996
Increase (decrease) in cash arising from changes in assets and liabilities:
Accounts receivable		(112,854	)		(13,448	)
Prepaid software maintenance costs		(31,734	)		(9,468	)
Prepaid expenses and deposits		19,341			(19,308	)
Prepaid income taxes		39,798			(21,295	)
Accounts payable		(11,701	)		(63,356	)
Accrued salaries and other expenses		175,913			16,868
Income taxes payable		35,901			—
Deferred revenue		125,393			6,637
Net cash flows from operating activities		1,557,040			1,228,861
Cash flows from investing activities:
Purchases of property and equipment		(101,832	)		(88,550	)
Software development costs		(148,650	)		(60,705	)
Net cash flows from investing activities		(250,482	)		(149,255	)
Cash flows from financing activities:
Purchase of treasury shares		—			(48,273	)
Dividends paid		(667,226	)		—
Net cash flows from financing activities		(667,226	)		(48,273	)
Net increase in cash and cash equivalents		639,332			1,031,333
Cash and cash equivalents, beginning of period		2,713,996			2,090,005
Cash and cash equivalents, end of period	$	3,353,328			3,121,338
Supplemental disclosures of cash flow items:
Income taxes paid	$	535,000			539,013
Non-cash transaction: retirement of shares		28,192			623

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.