DAYTON, Ohio, March 31 /PRNewswire-FirstCall/ -- Advant-e Corporation (OTC Bulletin Board: ADVC - News), the parent company of Edict Systems, Inc., a provider of solutions to connect, integrate, manage, and expand e-Business trading communities, today announced financial and operating results for the year ended December 31, 2002.

For the period the Company reported revenues of $2,008,389 compared to $1,185,318 for the fiscal year ended 2001. The 69% increase in revenues is attributed to a sharp increase in revenues from the company's web-EDI solutions, primarily www.GroceryEC.com , the company's first vertical industry portal ("Vortal") for suppliers and retailers in the grocery industry.

The net loss for the year ended December 31, 2002 was $307,534, or $.05 per share, compared to a net loss of $161,629, or $.03 per share for the same period in 2001. Expenses in 2002 totaled $2,342,189 compared to expenses of $1,364,529 in 2001.

Interest expense in 2002 of $311,463 included $202,473 of non-cash interest related to the value of warrants and the beneficial conversion feature of convertible debt issued in 2001 and 2002.

The Company reports positive cash flow from operations of $198,013 in 2002. Cash flow from operations does not include the Company's investing activities in 2002 of expenditures for software development costs of $307,703 and for new equipment of $149,345, nor does it include the Company's financing activities in 2002 that included proceeds of $250,000 from the issuance of 10% notes and repayments of bank loans totaling $72,904.

Jason K. Wadzinski, Chief Executive Officer of Advant-e, reported that the year's results reflected the continued acceptance of the Company's web-EDI solutions that provide small and medium size suppliers with the ability to support the e-Business initiatives of their large customers. In addition, EnterpriseEC®, the Company's Electronic Trading Network and Trading Community Management Platform began to contribute revenue in 2002. Internet- based revenue increased 106% to $1,728,996 in 2002 from $839,074 in 2001 and comprised 86% of total revenue. The Company's software revenue declined 19% to $279,393 in 2002 from $346,244 in 2001.

Commenting on the year-end results, Mr. Wadzinski stated, "We are pleased with our revenue growth in 2002 given the challenging economic environment that many technology companies faced last year. We attribute our growth to the value that our e-Business solutions provide all participants in the trading communities that we support".

Mr. Wadzinski continued, "Edict Systems accomplished many milestones in 2002 including moving to a new facility to support our growth, filling key positions, increasing our sales and marketing staff, and enhancing our capabilities internally and with business partners to provide a more robust set of product and service offerings. By offering products and services that connect, integrate, manage, and expand e-Business trading communities, Edict Systems has positioned itself to increase its leadership position in the markets that it targets."

Additional information about Advant-e Corporation can be found at www.Advant-e.com and www.edictsystems.com or by contacting investor relations at (937) 429-4288. The company's email is info@edictsystems.com.