Advant-e Corporation Announces $.02 per share Special Cash Dividend; Update on Corporate Actions

DAYTON, Ohio, Dec. 12, 2012

The Company also provided the following update to Corporate Actions that were announced on November 5, 2012:

$2 million Share Repurchase Program – As of December 11, 2012, the Company has repurchased 4.3 million shares at a cost of $1.1 million at an average cost of approximately $.26 per share.  As a result, $.9 million remains available for purchase of shares on the open market or in privately negotiated transactions.

Forward/Reverse Split – On November 30, 2012 the Company filed a Preliminary 14C with the SEC.  Upon completion of the SEC's review, the Company will file a Definitive 14C and mail it to the Company's shareholders.  Approximately twenty days after the mailing of the Definitive 14C, the Company will effect a 1-for-10,000 reverse split of its shares followed immediately by a 1,000-for-1 forward split.  Shareholders holding a fractional share after the reverse stock split will be cashed out at $.27 per share on a pre-split basis.  The reverse/forward split was approved by the written consent of the holders of 62% of the issued and outstanding shares of Common Stock.

Voluntary Suspension of the Company's Obligation to File Reports with the SEC – As soon as practical after the Reverse/Forward splits, the Company intends to file a Form 15 with the SEC thereby suspending public reporting obligations.

Mr. Jason K. Wadzinski, Chairman and CEO of Advant-e stated, "We continue to make progress on our previously announced corporate actions.  Because we are paying a special cash dividend prior to the completion of the reverse and forward splits, the $.02 per share dividend will be taken into account for the remainder of the share repurchase program."

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