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, Nov. 12 /PRNewswire-FirstCall/ -- 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 its 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 Nine Months Ended
September 30, 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, December 31,
2009 2008
(Unaudited)

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.

SOURCE Advant-e Corporation

Investor Relations of Advant-e Corporation, +1-937-429-4288,
info@edictsystems.com