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AVEE Avantis Emerging Markets Small Cap Equity ETF

55.9254
0.3325 (0.60%)
29 Nov 2024 - Closed
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
  0.3325 0.60% 55.9254 56.00 55.46 55.46 9,105 21:55:28

Edict Systems Announces Surpassing $10 Billion Worth of Purchase Orders Processed via Web EDI

03/08/2004 4:45pm

PR Newswire (US)


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Edict Systems Announces Surpassing $10 Billion Worth of Purchase Orders Processed via Web EDI DAYTON, Ohio, Aug. 3 /PRNewswire-FirstCall/ -- Edict Systems, Inc., the wholly owned and sole operating entity of Advant-e Corporation (OTC:AVEE) (BULLETIN BOARD: AVEE) , announced today that it has reached a major milestone in surpassing $10 billion in purchase orders processed since January 2000 via the Company's Web-based Electronic Data Interchange (Web EDI) services. Edict's GroceryEC.com service for Web EDI supports over 150 retail, wholesale and distributor EDI implementations. This retail industry leading service accounted for more than 95% of the $10 billion in purchase orders processed. Edict's Web EDI solutions allow small and medium size suppliers to support the Electronic Data Interchange initiatives of their customers, many of whom are requiring EDI as a prerequisite for doing business. Large brand name suppliers also use Web EDI to augment their existing in-house capabilities. Commenting on this milestone, Jason K. Wadzinski, President and CEO of Advant-e and Edict Systems stated: "The dollar amount of purchase orders that we have processed for our customers and their retail partners highlights the value that Edict Systems offers the trading communities we serve. The average dollar amount of the purchase orders processed was $8,500, which shows that we are reaching the small suppliers we are targeting for our Web EDI services. By EDI-enabling small suppliers, the large retailers we support gain the maximum benefits from their existing EDI capabilities." Many large companies have invested heavily in their ability to do EDI with their large suppliers. Web EDI allows these companies to maximize their existing EDI capabilities by connecting their small and medium size suppliers to their existing systems. Edict Systems' solutions enable businesses to automate data exchange and streamline business processes with all suppliers regardless of their size. Edict has proven itself as a leader in achieving increased value from supply chain initiatives by working closely with large buying organizations and over three thousand suppliers. 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/ http://www.groceryec.com/ http://www.retailec.com/ http://www.cpgsupplier.com/ http://www.logisticsec.com/ http://www.mfgec.com/

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