Advant-e Corporation Announces Record Date And Payment Date For Special Cash Dividend
DAYTON, Ohio, Dec. 7 /PRNewswire-FirstCall/ -- Advant-e Corporation (OTC Bulletin Board: ADVC), a provider of Internet-based Electronic Data Interchange and electronic document management software and services today announced the payment date and record date of the first of three installments of its previously declared cash dividend.
On October 30, 2009, the Company announced a cash dividend in the form of three separate payments of $.01 per share by no later than December 31, 2009, June 30, 2010, and December 31, 2010. The first cash dividend payment of $.01 per share will be paid on December 28, 2009 to shareholders of record as of December 15, 2009.
The company will announce the payment dates and record dates for each of the second installment ( $.01 per share) and third installment ( $.01 per share) of the dividend at appropriate future dates.
Jason K. Wadzinski, Chairman, Chief Executive Officer, and President, remarked, "As stated earlier, this cash dividend is intended to reward our shareholders and to allow them to likely take advantage of favorable Federal income tax treatment for dividends that is scheduled to expire at the end of 2010. Our current cash balance and historically strong cash flow afford us the opportunity to pay this dividend while retaining the resources necessary to continue with our growth initiatives."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 firstname.lastname@example.org . 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.
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