ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AVEE Avantis Emerging Markets Small Cap Equity ETF

55.6876
0.0184 (0.03%)
After Hours
Last Updated: 21:15:02
Delayed by 15 minutes
Name Symbol Market Type
Avantis Emerging Markets Small Cap Equity ETF AMEX:AVEE AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.0184 0.03% 55.6876 55.82 55.6621 55.82 411 21:15:02

Advant-e Corporation Announces Debt Conversion

24/11/2003 2:08pm

PR Newswire (US)


Avantis Emerging Markets... (AMEX:AVEE)
Historical Stock Chart


From Nov 2019 to Nov 2024

Click Here for more Avantis Emerging Markets... Charts.
Advant-e Corporation Announces Debt Conversion One Third of Principle Convertible Debt Exchanged for Restricted Stock DAYTON, Ohio, Nov. 24 /PRNewswire-FirstCall/ -- Advant-e Corporation (BULLETIN BOARD: AVEE) , a provider of Internet-based business-to-business electronic commerce services, today announced that one of the largest investors in its 15% convertible debt has opted to convert $250,000 into Advant-e common stock according to the terms of the September 27, 2001 agreement at $1.06 per share. Advant-e raised $775,000 with convertible debt offerings in 2001 and 2002 to facilitate development and marketing of its Internet-based Business-to- Business electronic commerce services. With the conversion of $250,000 into common stock and the previous retirement of $25,000 in principle debt, the outstanding principle balance of convertible debt is now $500,000. Jason K. Wadzinski, President and CEO of Advant-e, stated, "We are pleased when investors in our convertible debt decide to convert their debt into common stock. We believe this decision is a huge vote of confidence in us and may be based on our recent results and business plan moving forward. We will strive to continue to improve our balance sheet in 2004 and retire debt whenever possible." Advant-e Corporation will be filing a registration statement on form SB-2 with the Securities and Exchange Commission to register all of the shares associated with the Company's convertible debt and warrants associated with the debt offering in the near future. 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.cpgsupplier.com/ , http://www.logisticsec.com/ , and http://www.mfgec.com/ . In addition to Internet and web-based e-commerce solutions, Edict Systems also provides e-commerce integration and bar coding applications via its FORMULA_ONE(R) translation software and Bar Code Label Modules. 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 . 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 in 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. 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/

Copyright

1 Year Avantis Emerging Markets... Chart

1 Year Avantis Emerging Markets... Chart

1 Month Avantis Emerging Markets... Chart

1 Month Avantis Emerging Markets... Chart

Your Recent History

Delayed Upgrade Clock