DAYTON, Ohio, April 24, 2014 /PRNewswire/ -- Advant-e Corporation (ADVC) today announced that its Board of Directors declared the payment of $.02 per share special cash dividend, payable on May 23, 2014 to shareholders of record as of May 14, 2014. The $.02 per share cash dividend will total approximately $1.2 Million.
The Board of Directors also approved a share repurchase program for up to $1.5 Million of the Company's common stock until December 31, 2014. The shares may be purchased on the open market or in privately negotiated transactions at a price not to exceed $0.39 per share before May 12, 2014 and $0.37 per share on or after May 12, 2014.
Shareholders who have their shares in certificate form can contact the company at 800.443.3428 ext. 203 if they would like to participate in the share repurchase program.
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 [email protected].
The information in this news release includes certain forward looking statements that are based current expectations that involve a number of significant risks and uncertainties. Advant-e cautions investors not to place undue reliance on forward-looking statements because there can be no assurance that the forward-looking statements will prove to be correct and actual results could differ materially. 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. Advant-e undertakes no obligation to publicly update forward-looking statements at any time in the future.
SOURCE Advant-e Corporation