Advant-e Corp. recently declared its cash dividend and today they are announcing their payment date and their record date. ADVC announced on October 30, 2009, 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.
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."
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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.
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