Advant-e Corporation Ranked 372nd Fastest Growing Technology Company in North America on the Deloitte Technology Fast 500
19 October 2005 - 11:03PM
PR Newswire (US)
Growth Attributed to Acceptance of Company's State of the Art
Internet-Based Electronic Data Interchange (EDI) Document
Processing and Supply Chain Management Solutions in Grocery,
Retail, Automotive and Other Sectors DAYTON, Ohio, Oct. 19
/PRNewswire-FirstCall/ -- Advant-e Corporation (OTC:AVEE) (BULLETIN
BOARD: AVEE) , a provider of Internet-based business-to-business
electronic commerce services, today announced that it ranked 372nd
on the 2005 Deloitte Technology Fast 500, a ranking of the 500
fastest growing technology companies in North America. Rankings are
based on percentage of revenue growth over five years from 2000 to
2004. During this period Advant-e's revenue grew 371%. Advant-e's
Chairman and CEO, Jason K. Wadzinski stated, "It is a great honor
to be recognized by Deloitte as one of the fastest growing
companies in the technology industry. We could not have achieved
this honor without the dedication of our exceptional employees, our
loyal customers, investors and other business partners. We look
forward to even greater success in the future, spurred by our
development of innovative technology to help provide increased
value to our customers in the industries we serve. The fact that we
are one of only three companies that Deloitte recognized in Ohio is
also very gratifying." "Making the Deloitte Technology Fast 500 is
commendable in today's highly competitive technology industry,"
said Tony Kern, Deputy National Managing Principal of Deloitte's
Technology, Media & Telecommunications Industry Practice. "We
congratulate Advant-e Corporation on being one of the 500 fastest
growing technology companies in North America." Fast 500 Selection
and Qualifications The Fast 500 list is compiled from Deloitte's 15
regional North American Fast 50 lists, nominations submitted
directly to the Fast 500 and public company database research. To
qualify for the Fast 500, entrants must have had 2000 operating
revenues of at least $50,000 USD or $75,000 CD for the United
States and Canada, respectively and 2004 operating revenues of at
least $1 million USD or CD. Entrants must be headquartered in North
America and must be a "technology company" defined as a company
that owns proprietary technology that contributes to a significant
portion of the company's operating revenues; or devotes a
significant portion of revenues to research and development of
technology. Using other companies' technology in a unique way does
not qualify. 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(R), an Internet-based Electronic Business
Transaction Network, and within specific vertical industries via
web-based "vortals" including http://www.groceryec.com/,
http://www.retailec.com/, http://www.automotiveec.com/,
http://www.mfgec.com/, http://webedi.com/ and
http://www.cpgsupplier.com/. Additional information about Advant-e
Corporation can be found at http://www.advant-e.com/ and
http://www.edictsystems.com/ or by contacting investor relations at
(937) 429-4288. The company's email is . About Deloitte Deloitte
refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein,
its member firms and their respective subsidiaries and affiliates.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu
nor any of its member firms has any liability for each other's acts
or omissions. Each of the member firms is a separate and
independent legal entity operating under the names "Deloitte",
"Deloitte & Touche", "Deloitte Touche Tohmatsu" or other
related names. Services are provided by the member firms or their
subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu
Verein. Deloitte & Touche USA LLP is the US member firm of
Deloitte Touche Tohmatsu. In the US, services are provided by the
subsidiaries of Deloitte & Touche USA LLP (Deloitte &
Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory
Services LLP, Deloitte Tax LLP and their subsidiaries), and not by
Deloitte & Touche USA LLP. 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 or 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. DATASOURCE: Advant-e Corporation CONTACT:
Investor Relations of Advant-e Corporation, +1-937-429-4288, or Web
site: http://www.advant-e.com/ http://www.edictsystems.com/
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