AVEE - Trading at Less Than 8x Earnings, With $2.877 million In The Bank and A Positive Cash Flow

AVEE is one of those rare OTCBB stocks that represents growth, management, and integrity.   While the entire S&P is valued at 20x+ earnings AVEE is priced at less than 8x earnings with millions in the bank and a business plan that has excelled the last few years, even during this Great Recession.  AVEE also issued a $.14 special dividend to shareholders a year ago for an instant 10%+ return on investment. A stock that gives back to shareholders.... isn't that a breathe of fresh air?

The company earned $.05 a share in the 2nd quarter which is remarkable considering the worlds economy was collapsing at the time.  String that $.05 over 4 quarters and you get $.20 EPS for the year.  With the stock trading at $1.30 a share,using the term undervalued could very well be an understatement.   Factor in the company's growth and the stock should easily be trading over $3, just on a conservative 15x earnings.  That doesn't include the roughly $2.7 million in cash and $6.7 million in assets.  Liabilities are low in comparison at $1.3 million of which more than half are deferred revenue.

Folks AVEE is one of those OTCBB buy and holds.  The company is flush with cash, has a stable share structure, and is growing its business.  The company financials are audited and submitted quarterly through SEC filings providing shareholders with a highest degree of transparency.

AVEE is a strong, growing company with an enormous cash base trading for $1.37.   We will have more on this stock as time progresses.  The upside potential appears to far outweigh any potential downside, as the stock is trading near its lows.

Keep AVEE on your watch list.  It is a Pennystockguru top pick.


Advant-e Corporation Announces Second Quarter 2009 Results






--Company Reports Net Income Increased by 11% over Second Quarter of 2008 Despite 4% Revenue Decline



DAYTON, Ohio, Aug 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- Advant-e Corporation (OTC Bulletin Board: AVEE) today announced financial and operating results for the second 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 second quarter of 2009 the Company reported revenue of $2,200,958, a 4% decrease compared to revenue of $2,300,267 in the second quarter of 2008. Revenue from Edict Systems increased by $65,555, but revenue from Merkur Group fell by $164,864.



Net income for the second quarter of 2009 was $311,263, or $.05 per share, an 11% increase compared to net income of $279,625, or $.04 per share, for the same period in 2008.



Jason K. Wadzinski, Chairman of the Board and Chief Executive Officer, remarked, "Given the economic realities during the quarter, I am pleased that we were able to increase net income despite the drop in software-related revenue. While Merkur's revenue is down over last year, Merkur has contributed significantly to our increased net income in the quarter."



"Our focus for the remainder of 2009 will be to continue our push into additional industries and increase our investment in upgrades and enhancements, primarily in our Web EDI offerings and integration solutions."



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.