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 Exchange Act of 1934

Date of Report (Date of earliest event reported): May 14, 2012

ADVANT-E CORPORATION

(Exact name of registrant as specified in its charter)

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

2434 Esquire Dr., Beavercreek, OH	45431
(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:

¨ 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 May 14, 2012 Advant-e Corporation issued a press release announcing results of operations for the quarter ended March 31, 2012. The text of this 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)
May 14, 2012	By:	/s/ Jason K. Wadzinski
		Jason K. Wadzinski Chief Executive Officer

EX-99.1

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 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 March 31,
	2012		2011
Revenue	$	2,465,438		2,300,420
Cost of revenue		1,023,737		917,892
Gross margin		1,441,701		1,382,528
Marketing, general and administrative expenses		854,972		799,457
Operating income		586,729		583,071
Other income, net		810		1,127
Income before income taxes		587,539		584,198
Income tax expense		200,332		199,111
Net income	$	387,207		385,087
Earnings per share – basic and diluted	$	0.006		0.006
Weighted average shares outstanding – basic and diluted		66,722,590		66,722,590

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

	March 31,  2012 (Unaudited)		December 31, 2011
Assets
Current Assets:
Cash and cash equivalents	$	4,230,826		3,459,402
Accounts receivable, net		828,102		784,239
Prepaid software maintenance costs		209,462		190,429
Prepaid expenses and deposits		104,094		107,871
Prepaid income taxes		—		1,910
Deferred income taxes		222,265		207,336
Total current assets		5,594,749		4,751,187
Software development costs, net		232,979		262,102
Property and equipment, net		155,498		171,199
Goodwill		1,474,615		1,474,615
Other intangible assets, net		138,618		159,796
Total assets	$	7,596,459		6,818,899
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	121,135		112,402
Income taxes payable		224,959		—
Accrued salaries and other expenses		294,250		205,334
Deferred revenue		838,181		748,828
Total current liabilities		1,478,525		1,066,564
Deferred income taxes		176,848		198,456
Total liabilities		1,655,373		1,265,020
Shareholders’ equity:
Common stock, $.001 par value; 100,000,000 shares authorized; 66,722,590 shares issued and outstanding		66,723		66,723
Paid-in capital		1,936,257		1,936,257
Retained earnings		3,938,106		3,550,899
Total shareholders’ equity		5,941,086		5,553,879
Total liabilities and shareholders’ equity	$	7,596,459		6,818,899

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Three Months Ended March 31,
	2012			2011
Cash flows from operating activities:
Net income	$	387,207			385,087
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		27,274			42,078
Amortization of software development costs		29,123			—
Amortization of other intangible assets		21,178			21,178
Deferred income taxes		(36,537	)		(20,386	)
Increase (decrease) in cash and cash equivalents arising from changes in assets and liabilities:
Accounts receivable		(43,863	)		(46,006	)
Prepaid software maintenance costs		(19,033	)		(27,727	)
Prepaid expenses and deposits		3,777			8,700
Prepaid income taxes		1,910			—
Accounts payable		8,733			55,650
Income taxes payable		224,959			169,497
Accrued salaries and other expenses		88,916			93,332
Deferred revenue		89,353			59,895
Net cash flows from operating activities		782,997			741,298
Cash flows from investing activities:
Purchases of property and equipment		(11,573	)		(6,236	)
Software development costs		—			(40,636	)
Net cash flows from investing activities		(11,573	)		(46,872	)
Net increase in cash and cash equivalents		771,424			694,426
Cash and cash equivalents, beginning of period		3,459,402			2,963,172
Cash and cash equivalents, end of period	$	4,230,826			3,657,598
Supplemental disclosures of cash flow items:
Income taxes paid	$	10,000			50,000

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.