DAYTON, Ohio, Oct. 19 /PRNewswire-FirstCall/ -- Advant-e Corporation (OTC Bulletin Board: ADVC - News), 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.
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.
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.