Advant E 8-K Advant-e Corporation Announces Third Quarter 2006 Results

Exhibit 99.1

Company Press Release

Tuesday, November 14, 2006

Advant-e Corporation Announces Third Quarter 2006 Results

Company Reports 41% Increase in Net Income for the Quarter

DAYTON, Ohio, November 14, 2006 — Advant-e Corporation (OTC Bulletin Board: AVEE), a provider of Internet-based business-to-business electronic commerce services, today announced financial and operating results for the quarter ending September 30, 2006.

For the third quarter of 2006 the Company reported record revenues of $1,368,582, a 20% increase over revenues of $1,143,058 in the third quarter of 2005. The increase in revenue is attributable to continued strong demand in grocery and retail as well as growth in the automotive supply chain sector for the company’s web EDI services.

Net income for the quarter was $232,375, or $.04 per share, a 41% increase over net income of $164,945, or $.02 per share, for the same period in 2005.

Jason K. Wadzinski, Chairman and Chief Executive Officer, remarked, “I am pleased to announce that our third quarter was another record for Advant-e in both revenue and net income. Even though our investments in improved infrastructure, product development, and sales and marketing efforts have not as yet resulted in the revenue growth we expected, we remain committed to our strategy of prudent investment in those areas that provide the best opportunity to accelerate our top-line sales.”

For the nine months ending September 30, 2006 the Company reported revenues of $3,964,509, a 22% increase over revenues of $3,258,931 in the same period in 2005. Net income for the period in 2006 was $630,936, or $.10 per share, compared to net income of $390,324, or $.06 per share in the 2005 period.

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^®, an Internet-based Trading Community Connectivity and Management Solution, and within specific industries via web-based EDI services includingwww.GroceryEC.com,www.RetailEC.com,www.AutomotiveEC.com,www.MfgEC.com andwww.CPGSupplier.com.

In addition to Internet and web-based e-commerce solutions, Edict Systems also provides e-commerce integration and bar coding applications. Additional information about Advant-e Corporation can be found atwww.Advant-e.com andwww.edictsystems.com or by contacting investor relations at (937) 429-4288. The company’s email isinfo@edictsystems.com.

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ADVANT-E CORPORATION AND SUBSIDIARY

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended September 30,			Nine Months Ended September 30,
	2006		2005	2006	2005
Revenue	$	1,368,582	1,143,058	3,964,509	3,258,931
Cost of revenue		422,394	379,142	1,199,923	1,142,521
Gross margin		946,188	763,916	2,764,586	2,116,410
Marketing, general and administrative expenses		589,891	494,103	1,799,812	1,471,118
Operating income		356,297	269,813	964,774	645,292
Other income, net		14,142	5,132	46,531	5,132
Income before taxes		370,439	274,945	1,011,305	650,424
Income tax expense		138,064	110,000	380,369	260,100
Net income	$	232,375	164,945	630,936	390,324
Basic earnings per share	$	0.04	0.02	0.10	0.06
Diluted earnings per share	$	0.04	0.02	0.10	0.06
Weighted average shares outstanding		6,403,174	6,332,423	6,403,174	6,298,765
Weighted average shares outstanding, assuming dilution		6,432,246	6,364,810	6,429,770	6,308,378

ADVANT-E CORPORATION AND SUBSIDIARY

CONSOLIDATED CONDENSED BALANCE SHEETS

	September 30, 2006		December 31, 2005
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1,850,956	1,763,435
Short-term investments		264,503	225,902
Accounts receivable, net		446,581	351,482
Prepaid expenses and deposit		46,143	25,128
Total current assets		2,608,183	2,365,947
Software development costs, net		258,365	160,656
Property and equipment, net		361,012	262,523
Total assets	$	3,227,560	2,789,126
Liabilities and Shareholders’ Equity
Liabilities
Current liabilities:
Accounts payable	$	56,376	44,838
Accrued salaries and other expenses		126,825	115,510
Income taxes payable		26,305	375,652
Deferred income taxes		70,966	26,000
Deferred revenue		81,250	76,173
Total current liabilities		361,722	638,173
Deferred income taxes		212,530	136,000
Total liabilities		574,252	774,173
Shareholders’ Equity:
Common stock, $.001 par value; 20,000,000 shares authorized; 6,403,714 outstanding		6,403	6,403
Paid-in capital		1,551,606	1,551,606
Accumulated other comprehensive income		13,034	5,615
Retained earnings		1,082,265	451,329
Total shareholders’ equity		2,653,308	2,014,953
Total liabilities and shareholders’ equity	$	3,227,560	2,789,126

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ADVANT-E CORPORATION AND SUBSIDIARY

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended September 30,
	2006			2005
Cash flows from operating activities:
Net income	$	630,936		390,324
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		105,624		80,115
Amortization of software development costs		93,793		185,280
Loss on disposal of assets		41,921		—
Net realized gains on sales of available-for-sale investments		(8,768	)	—
Deferred income taxes		116,963		(16,000	)
Increase (decrease) in cash arising from changes in assets and liabilities:
Accounts receivable		(95,099	)	(7,529	)
Prepaid expenses		(21,015	)	(16,635	)
Accounts payable		11,538		691
Accrued salaries and other expenses		11,315		7,515
Income taxes payable		(349,347	)	242,100
Deferred revenue		5,077		(55,594	)
Net cash flows from operating activities		542,938		810,267
Cash flows from investing activities:
Purchases of available-for-sale investments		(107,966	)	(235,175	)
Proceeds from sales of available-for-sale investments		90,085		16,006
Purchases of equipment		(238,480	)	(83,485	)
Software development costs		(199,056	)	(64,519	)
Net cash flows from investing activities		(455,417	)	(367,173	)
Cash flows from financing activities:
Issuance of common stock		—		91,500
Payments of direct costs of securities registration		—		(6,741	)
Net cash flows from financing activities		—		84,759
Net increase in cash and cash equivalents		87,521		527,853
Cash and cash equivalents, beginning of period		1,763,435		944,892
Cash and cash equivalents, end of period	$	1,850,956		1,472,745
Supplemental disclosures of cash flow items:
Income taxes paid	$	641,000		34,000

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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