SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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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 4, 2003
ADVANT-E CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-30983 88-0339012
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification No.)
2680 Indian Ripple Rd., Dayton, OH 45440
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 937-429-4288
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On November 24, 2003, Advant-e Corporation issued a press release announcing
that one third of its principal convertible debt had been exchanged for
restricted stock. The text of the release is attached as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
Exhibit Method
Number Description of Filing
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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
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(Registrant)
November 24, 2003 By: /s/ Jason K. Wadzinski
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Jason K. Wadzinski
Chief Executive Officer
EXHIBIT 99.1 - COMPANY PRESS RELEASE
Monday, November 24, 2003
Advant-e Corporation Announces Debt Conversion
One Third of Principle Convertible Debt Exchanged for Restricted Stock
DAYTON, Ohio, November 24, 2003 -- Advant-e Corporation (OTC Bulletin Board:
AVEE), a provider of Internet-based business-to-business electronic commerce
services, today announced that one of the largest investors in its 15%
convertible debt has opted to convert $250,000 into Advant-e common stock
according to the terms of the September 27, 2001 agreement at $1.06 per share.
Advant-e raised $775,000 with convertible debt offerings in 2001 and 2002 to
facilitate development and marketing of its Internet-based Business-to-Business
electronic commerce services. With the conversion of $250,000 into common
stock and the previous retirement of $25,000 in principle debt, the outstanding
principle balance of convertible debt is now $500,000.
Jason K. Wadzinski, President and CEO of Advant-e, stated, "We are pleased when
investors in our convertible debt decide to convert their debt into common
stock. We believe this decision is a huge vote of confidence in us and may be
based on our recent results and business plan moving forward. We will strive
to continue to improve our balance sheet in 2004 and retire debt whenever
possible."
Advant-e Corporation will be filing a registration statement on form SB-2 with
the Securities and Exchange Commission to register all of the shares associated
with the Company's convertible debt and warrants associated with the debt
offering in the near future.
About Advant-e Corporation
Advant-e, via its wholly owned and sole operating subsidiary Edict Systems,
Inc., is a provider of Business-to-Business electronic commerce software and
Internet-based applications specializing in Electronic Data Interchange (EDI)
and XML-based solutions for recurring transactions. Advant-e specializes in
horizontal transaction services via EnterpriseEC(r), an Internet-based
Electronic Business Transaction Network, and within specific vertical
industries via web-based "vortals" including www.GroceryEC.com,
www.RetailEC.com, www.CPGSupplier.com, www.LogisticsEC.com, and www.MfgEC.com.
In addition to Internet and web-based e-commerce solutions, Edict Systems also
provides e-commerce integration and bar coding applications via its
FORMULA_ONE(r) translation software and Bar Code Label Modules. Additional
information about Advant-e Corporation can be found at www.Advant-e.com and
www.edictsystems.com or by contacting investor relations at (937) 429-4288.
The company's email is info@edictsystems.com.
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 in 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.