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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D. C. 20549



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FORM 10-QSB



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(Mark One)

|x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------

For the quarterly period ended September 30, 2007



| ̈ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
|- | ---------------------------------------------------------------

For the transition period from  to

COMMISSION FILE NUMBER: 0-30983



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ADVANT-E CORPORATION

(Exact name of small business issuer as specified in its charter)



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|                                                               |  |                                  
|-------------------------------------------------------------- |  | ---------------------------------
|DELAWARE                                                       |  | 88-0339012                       
|(State or other jurisdiction of incorporation or organization) |  | (IRS Employer Identification No.)

2680 Indian Ripple Rd.

Dayton, Ohio 45440

(Address of principal executive offices)

(937) 429-4288

(Issuers
telephone number)



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Check whether
the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.    Yes  x    No ̈

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).    Yes ̈No  x

As of November 20, 2007 the issuer had 6,815,015 outstanding shares of Common Stock, $.001 Par Value.

Transitional Small Business Disclosure Format:    Yes ̈No  x



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PART I. FINANCIAL INFORMATION

ITEM 1. Financial Statements

ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)



|                                                       |  |                                 |           |                                |           |      |           |      |          
|------------------------------------------------------ |  | ------------------------------- | --------- | ------------------------------ | --------- | ---- | --------- | ---- | ---------
|                                                       |  | Three Months EndedSeptember 30, |           | Nine Months EndedSeptember 30,
|                                                       |  | 2007                            |           | 2006                           |           | 2007 |           | 2006
|Revenue                                                |  | $                               | 2,178,155 |                                | 1,368,582 |      | 5,075,628 |      | 3,964,509
|Cost of revenue                                        |  |                                 | 818,716   |                                | 422,394   |      | 1,810,060 |      | 1,199,923
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Gross margin                                           |  |                                 | 1,359,439 |                                | 946,188   |      | 3,265,568 |      | 2,764,586
|Marketing, general and administrative expenses         |  |                                 | 876,090   |                                | 589,891   |      | 2,231,039 |      | 1,799,812
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Operating income                                       |  |                                 | 483,349   |                                | 356,297   |      | 1,034,529 |      | 964,774  
|Other income, net                                      |  |                                 | 18,002    |                                | 14,142    |      | 73,257    |      | 46,531   
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Income before taxes                                    |  |                                 | 501,351   |                                | 370,439   |      | 1,107,786 |      | 1,011,305
|Income tax expense                                     |  |                                 | 165,467   |                                | 138,064   |      | 399,184   |      | 380,369  
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Net income                                             |  | $                               | 335,884   |                                | 232,375   |      | 708,602   |      | 630,936  
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Basic earnings per share                               |  | $                               | 0.05      |                                | 0.04      |      | 0.11      |      | 0.10     
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Diluted earnings per share                             |  | $                               | 0.05      |                                | 0.04      |      | 0.11      |      | 0.10     
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Weighted average shares outstanding                    |  |                                 | 6,845,015 |                                | 6,403,174 |      | 6,612,266 |      | 6,403,174
|                                                       |  |                                 |           |                                |           |      |           |      |          
|Weighted average shares outstanding, assuming dilution |  |                                 | 6,845,015 |                                | 6,432,246 |      | 6,612,266 |      | 6,429,770
|                                                       |  |                                 |           |                                |           |      |           |      |          

The accompanying notes are an integral part of the consolidated condensed financial statements.



2



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ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS



|                                                                                                                                                                                               |  |                    |           |   |                   |          
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------ | --------- | - | ----------------- | ---------
|                                                                                                                                                                                               |  | September 30, 2007 |           |   | December 31, 2006
|                                                                                                                                                                                               |  | (Unaudited)        |           |   |                  
|Assets                                                                                                                                                                                         |  |                    |           |   |                   |          
|Current Assets:                                                                                                                                                                                |  |                    |           |   |                   |          
|Cash and cash equivalents                                                                                                                                                                      |  | $                  | 1,876,255 |   |                   | 2,209,782
|Short-term investments                                                                                                                                                                         |  |                    | 295,663   |   |                   | 274,434  
|Accounts receivable, net                                                                                                                                                                       |  |                    | 894,188   |   |                   | 477,639  
|Prepaid software maintenance costs                                                                                                                                                             |  |                    | 198,742   |   |                   |         
|Prepaid expenses and deposits                                                                                                                                                                  |  |                    | 70,590    |   |                   | 28,339   
|Deferred income taxes                                                                                                                                                                          |  |                    | 50,226    |   |                   |         
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total current assets                                                                                                                                                                           |  |                    | 3,385,664 |   |                   | 2,990,194
|Software development costs, net                                                                                                                                                                |  |                    | 214,684   |   |                   | 247,621  
|Property and equipment, net                                                                                                                                                                    |  |                    | 438,257   |   |                   | 386,697  
|Goodwill                                                                                                                                                                                       |  |                    | 1,376,452 |   |                   |         
|Other intangible assets, net                                                                                                                                                                   |  |                    | 519,822   |   |                   |         
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total assets                                                                                                                                                                                   |  | $                  | 5,934,879 |   |                   | 3,624,512
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Liabilities and Shareholders Equity                                                                                                                                                           |  |                    |           |   |                   |          
|Current liabilities:                                                                                                                                                                           |  |                    |           |   |                   |          
|Borrowings under bank line of credit                                                                                                                                                           |  | $                  | 140,000   |   |                   |         
|Accounts payable                                                                                                                                                                               |  |                    | 323,317   |   |                   | 66,936   
|Accrued salaries and other expenses                                                                                                                                                            |  |                    | 268,001   |   |                   | 157,802  
|Income taxes payable                                                                                                                                                                           |  |                    | 116,049   |   |                   | 109,642  
|Deferred revenue                                                                                                                                                                               |  |                    | 621,682   |   |                   | 112,846  
|Deferred income taxes                                                                                                                                                                          |  |                    |          |   |                   | 53,119   
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total current liabilities                                                                                                                                                                      |  |                    | 1,469,049 |   |                   | 500,345  
|Deferred income taxes                                                                                                                                                                          |  |                    | 305,154   |   |                   | 165,784  
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total liabilities                                                                                                                                                                              |  |                    | 1,774,203 |   |                   | 666,129  
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Shareholders equity:                                                                                                                                                                          |  |                    |           |   |                   |          
|Common stock, $.001 par value; 20,000,000 shares authorized, 6,875,015 and 6,478,714 issued, and 6,815,015 and 6,478,714 outstanding at
September 30, 2007 and December 31, 2006, respectively |  |                    | 6,875     |   |                   | 6,478    
|Paid-in capital                                                                                                                                                                                |  |                    | 2,210,200 |   |                   | 1,641,906
|Retained earnings                                                                                                                                                                              |  |                    | 2,018,601 |   |                   | 1,309,999
|Treasury stock at cost, 60,000 shares at September 30, 2007                                                                                                                                    |  |                    | (75,000   | ) |                   |         
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total shareholders equity                                                                                                                                                                     |  |                    | 4,160,676 |   |                   | 2,958,383
|                                                                                                                                                                                               |  |                    |           |   |                   |          
|Total liabilities and shareholders equity                                                                                                                                                     |  | $                  | 5,934,879 |   |                   | 3,624,512
|                                                                                                                                                                                               |  |                    |           |   |                   |          

The accompanying notes are an integral part of the consolidated condensed financial statements.



3



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ADVANT-E CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)



|                                                                                 |  |                                |            |   |      |           |  
|-------------------------------------------------------------------------------- |  | ------------------------------ | ---------- | - | ---- | --------- | -
|                                                                                 |  | Nine Months EndedSeptember 30, |           
|                                                                                 |  | 2007                           |            |   | 2006 |          
|Cash flows from operating activities:                                            |  |                                |            |   |      |           |  
|Net income                                                                       |  | $                              | 708,602    |   |      | 630,936   |  
|Adjustments to reconcile net income to net cash flows from operating activities: |  |                                |            |   |      |           |  
|Depreciation                                                                     |  |                                | 162,233    |   |      | 105,624   |  
|Amortization of software development costs                                       |  |                                | 48,300     |   |      | 93,793    |  
|Amortization of intangible assets                                                |  |                                | 21,178     |   |      |          |  
|Loss on disposal of assets                                                       |  |                                |           |   |      | 41,921    |  
|Deferred income taxes                                                            |  |                                | (41,784    | ) |      | 116,963   |  
|Purchases of trading securities                                                  |  |                                | (154,868   | ) |      |          |  
|Proceeds from sales of trading securities                                        |  |                                | 159,184    |   |      |          |  
|Net unrealized gain on trading securities                                        |  |                                | (12,573    | ) |      |          |  
|Net realized gain on sale of securities                                          |  |                                | (12,972    | ) |      | (8,768    | )
|Increase (decrease) in cash arising from changes in assets and liabilities:      |  |                                |            |   |      |           |  
|Accounts receivable                                                              |  |                                | (101,139   | ) |      | (95,099   | )
|Prepaid software maintenance costs                                               |  |                                | (26,430    | ) |      |          |  
|Prepaid expenses and deposits                                                    |  |                                | (3,841     | ) |      | (21,015   | )
|Accounts payable                                                                 |  |                                | 70,493     |   |      | 11,538    |  
|Accrued salaries and other expenses                                              |  |                                | 68,320     |   |      | 11,315    |  
|Income taxes payable                                                             |  |                                | 6,407      |   |      | (349,347  | )
|Deferred revenue                                                                 |  |                                | 38,310     |   |      | 5,077     |  
|                                                                                 |  |                                |            |   |      |           |  
|Net cash flows from operating activities                                         |  |                                | 929,420    |   |      | 542,938   |  
|                                                                                 |  |                                |            |   |      |           |  
|Cash flows from investing activities:                                            |  |                                |            |   |      |           |  
|Purchases of available-for-sale securities                                       |  |                                |           |   |      | (107,966  | )
|Proceeds from sale of available-for-sale securities                              |  |                                |           |   |      | 90,085    |  
|Purchases of property and equipment                                              |  |                                | (181,246   | ) |      | (238,480  | )
|Software development costs                                                       |  |                                | (15,363    | ) |      | (199,056  | )
|Cash paid for purchase of Merkur Group, Inc.                                     |  |                                | (971,338   | ) |      |          |  
|                                                                                 |  |                                |            |   |      |           |  
|Net cash flows from investing activities                                         |  |                                | (1,167,947 | ) |      | (455,417  | )
|                                                                                 |  |                                |            |   |      |           |  
|Cash flows from financing activities:                                            |  |                                |            |   |      |           |  
|Net payments on bank line of credit                                              |  |                                | (20,000    | ) |      |          |  
|Purchase of treasury stock                                                       |  |                                | (75,000    | ) |      |          |  
|                                                                                 |  |                                |            |   |      |           |  
|Net cash flows from financing activities                                         |  |                                | (95,000    | ) |      |          |  
|                                                                                 |  |                                |            |   |      |           |  
|Net decrease in cash and cash equivalents                                        |  |                                | (333,527   | ) |      | 87,521    |  
|Cash and cash equivalents, beginning of period                                   |  |                                | 2,209,782  |   |      | 1,763,435 |  
|                                                                                 |  |                                |            |   |      |           |  
|Cash and cash equivalents, end of period                                         |  | $                              | 1,876,255  |   |      | 1,850,956 |  
|                                                                                 |  |                                |            |   |      |           |  
|Supplemental disclosures of cash flow items:                                     |  |                                |            |   |      |           |  
|Income taxes paid                                                                |  | $                              | 434,561    |   |      | 641,000   |  
|Noncash transactions:                                                            |  |                                |            |   |      |           |  
|Common stock issued in connection with purchase of Merkur Group, Inc.            |  |                                | 568,692    |   |      |          |  

The accompanying notes are an integral part of the consolidated condensed financial statements.



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ADVANT-E CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Unaudited)

September 30, 2007

Note 1: Basis of Presentation, Organization and Other Matters

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim
financial information and the instructions to Form 10-QSB. Accordingly, they do not include all of the information and notes to financial statements required by U.S. generally accepted accounting principles for complete financial statements. In the
opinion of management, the unaudited consolidated condensed financial statements include all adjustments considered necessary for a fair presentation of financial position, results of operations, and cash flows for the interim periods.

Results of operations for the nine months ended September 30, 2007 are not necessarily indicative of the results to be expected for the full year ending
December 31, 2007. These unaudited consolidated condensed financial statements should be read in conjunction with the consolidated financial statements, accounting policies, and financial notes thereto included in Advant-e Corporations
2006 Form 10-KSB filed with the Securities and Exchange Commission.

Nature of Operations

Advant-e Corporation through its wholly-owned subsidiaries, Edict Systems, Inc. and Merkur Group, Inc. (collectively, the Company), develops, markets,
resells, and hosts software and provides services that allow its customers to send and receive business documents electronically in standard and proprietary formats. Edict Systems specializes in providing hosted Electronic Data Interchange solutions
that utilize the Internet as the primary communications method. Edict customers use its solutions to connect with business partners, integrate data with internal systems, expand and manage electronic trading communities, and validate data via a
hosted business rule service. Merkur Group develops, private labels, and resells software and provides professional services, technical maintenance, and support to provide solutions that integrate with large Supply Chain Management (SCM), Customer
Relationship Management (CRM), and financial and Enterprise Resource Planning (ERP) systems for automating inbound and outbound business documents.

Principles of Consolidation

The consolidated condensed financial statements include the accounts of Advant-e Corporation and its
wholly-owned subsidiary, Edict Systems, Inc. throughout the periods covered by this Form 10-QSB and its wholly-owned subsidiary Merkur Group, Inc. since the date of its acquisition by Advant-e Corporation on July 2, 2007. Inter-company accounts
and transactions are eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U. S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant
estimates used in preparing these financial statements include those considered in the assessment of recoverability of capitalized software development costs, and those used in recording prepaid software maintenance costs, deferred revenue and net
deferred tax liabilities. It is at least reasonably possible that the significant estimates used will change within the next year.

Cash and Cash
Equivalents

The Company classifies as cash equivalents all highly liquid investments with original maturities of three months or less.

Short-term Investments

Short-term investments are reported
at fair value using available quoted market prices and consist of marketable equity and U. S. Treasury debt securities. These investments are classified as trading securities. Through September 30, 2006 these investments were classified as
available-for-sale securities and unrealized gains and losses, net of deferred taxes, were recorded in shareholders equity as other comprehensive income. In the fourth quarter of 2006 management determined that it was appropriate to reclassify
the short-term investments from available-for-sale securities to trading securities due to the active and frequent buying and selling of the securities. In connection with this reclassification, all unrealized gains and losses, net of deferred
taxes, at October 1, 2006 and for subsequent periods are included in earnings. The Company uses the specific identification method to determine the cost of securities sold.



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Revenue Recognition

The Company recognizes revenues in accordance with the Securities Exchange Commission Staff Accounting Bulletin 101 (SAB 101), which requires the Company to recognize revenue when, in addition to other criteria, delivery has occurred or
services have been rendered.

Revenues from Internet-based products and services (Web EDI and EnterpriseEC, etc) are comprised of four
componentsaccount activation and trading partner set-up fees, monthly subscription fees, usage based transactional fees and customer payments for the Companys development of applications designed to meet specific customer specifications.

Revenues earned from account activation and trading partner set-up fees are recognized after the Company performs consultative work required in order to
establish an electronic trading partnership between the customer and their desired trading partners. Trading partnerships, once established, require no ongoing effort on the part of the Company and customers are able to utilize the electronic
trading partnerships either directly with their customers or via a service provider other than the Company.

Revenue from monthly subscription fees is
recognized over the period to which the subscription applies.

Revenue from usage based transaction fees is recognized in the period in which the
transactions are processed.

Revenue from the sale of software and related products is recognized upon activation of the software and delivery to the
customer when title and risk of loss are transferred. The Company follows the guidance provided in Emerging Issues Task Force Abstract (EITF) No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent.
Based upon this guidance the Company records the revenue from the sale of software and related products at gross, and the related software purchases are included in cost of sales. Customers have a 30-day period in which they can choose to accept or
return the software. Historically, customer returns have not been significant.

Revenue from maintenance contracts is recognized over the life of the
maintenance and support contract period, generally twelve months. Revenue from professional services is recognized upon the performance of those services.

Revenue from customer payments for the Companys development of applications designed to meet specific customer specifications is recognized over the contract period, generally twelve months.

Software Maintenance Costs

Prepaid software maintenance costs
represent amounts paid to the primary software supplier of Merkur Group, Inc. for providing program upgrades and software modifications to remediate programming errors during the lives of the related customer maintenance and support contracts. These
costs are charged to expense over the lives of the maintenance and support contract periods, generally twelve months.

Accounts Receivable and Credit
Policies

Accounts receivable are uncollateralized customer obligations due under normal trade terms generally requiring payment upon receipt of
invoice or within thirty days.

Accounts receivable include amounts billed to customers and amounts that are unbilled at the end of the period for services
that were performed before the end of the period. Customer account balances with invoices dated over 30 days old are considered delinquent.

The carrying
amount of accounts receivable is reduced by a valuation allowance that reflects managements best estimate of the amounts that will not be collected. Management considers account balances that are over 90 days old as having a high probability
of uncollectibility and generally includes those amounts in the valuation allowance. In addition, management individually reviews accounts receivable balances and, based on an assessment of current creditworthiness, estimates the account balances
that will not be collected and includes those amounts, if any, in the valuation allowance.

The allowance for uncollectible accounts was $17,000 at
September 30, 2007 and $23,000 at December 31, 2006.



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Software Development Costs

The Company accounts for the costs of computer software that it develops for internal use and costs associated with operation of its web sites in accordance with the American Institute of Certified Public Accountants
Statement of Position (SOP) 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use and Emerging Issues Task Force (EITF) No. 00-2 Accounting for Web Site Development
Costs. Such capitalized costs represent solely the salaries and benefits of employees working on the graphics and content development stages, or adding functionality or features. In accordance with SOP 98-1 and EITF No. 00-2, overhead, general
and administrative and training costs are not capitalized. The Company accounts for the costs of computer software that it sells, leases and markets as a separate product in accordance with Financial Accounting Standards Board Statement No. 86,
Accounting for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed. Capitalized costs are amortized by the straight-line method over the remaining estimated economic lives of the software application, generally three
years, and are reported at the lower of unamortized cost or net realizable value.

Property and Equipment

Property and equipment consist of computers and office equipment, computer software, and leasehold improvements carried at cost. Depreciation is provided using straight
line and accelerated methods over the estimated useful lives of the assets of three to seven years. Costs of normal maintenance and repairs are charged to expense as incurred.

Goodwill and Other Intangible Assets, net

Goodwill represents the excess of the Companys purchase price
over the fair value of the net identifiable assets of a business acquired. Goodwill is tested for impairment annually. Other intangible assets consist of contractual vendor relationships, customer relationships and proprietary computer software.
Intangible assets acquired in business acquisitions are recorded at their fair values using the income approach or cost approach. The other intangible assets are amortized on a straight-line basis over their expected useful lives of five to seven
years.

Income Taxes

Deferred income taxes are
determined using the liability method of accounting. Under this method, the net deferred tax asset or liability is determined based on the enacted laws and rates applied to the temporary differences between the financial statement and tax bases of
assets and liabilities. Deferred tax assets and liabilities result principally from temporary differences in the financial statement and tax bases of accounts receivable, prepaid software maintenance costs, other intangible assets, deferred revenue
and accrued salaries and other expenses.

Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the year. Diluted earnings per share includes the dilutive effect of any outstanding warrants.

Advertising

All advertising costs are expensed
as incurred. Advertising was $12,127 and $9,086 in the quarter ended September 30, 2007 and 2006, respectively, and $30,079 and $16,357 in the nine months ended September 30, 2007 and 2006, respectively.

Comprehensive income

Comprehensive income consists of net
income and other gains and losses affecting shareholders equity that under U.S. generally accepted accounting principles are excluded from net income. Other comprehensive income and accumulated other comprehensive income consist solely of net
unrealized gains on short-term investments that were classified as available-for-sale securities through September 30, 2006.

Note 2: Acquisition

On July 2, 2007, Advant-e Corporation acquired 100% of the outstanding shares of Merkur Group, Inc., a Delaware corporation owned principally by
the brother of the Companys CEO. The results of Merkur Group, Inc.s operations have been included in the consolidated financial statements since that date. Merkur Group, Inc. develops, private labels, and resells software and provides
professional services, technical maintenance, and support to provide solutions that integrate with large Supply Chain Management (SCM), Customer Relationship Management (CRM), and financial and Enterprise Resource Planning (ERP) systems for
automating inbound and outbound business documents.



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The aggregate purchase price of $1,540,030 was comprised of cash payments of $927,938 and issuance of 396,301
unregistered common shares valued at $568,692 to the former shareholders of Merkur Group, Inc. and $43,400 in related acquisition costs. The value of the unregistered common shares issued was determined based on a weighted-average market price of
Advant-e Corporations common shares over the 5-trading day period from June 28, 2007 through July 5, 2007.

The following table summarizes
the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:



|                                          |  |   |          
|----------------------------------------- |  | - | ---------
|Current assets and deposit                |  | $ | 645,918  
|Property and equipment                    |  |   | 32,547   
|Goodwill                                  |  |   | 1,376,452
|Other intangible assets                   |  |   | 541,000  
|                                          |  |   |          
|Total assets acquired                     |  |   | 2,595,917
|                                          |  |   |          
|Liabilities, principally current, assumed |  |   | 861,127  
|Deferred income taxes                     |  |   | 194,760  
|                                          |  |   |          
|Total liabilities assumed                 |  |   | 1,055,887
|                                          |  |   |          
|Net assets acquired                       |  | $ | 1,540,030
|                                          |  |   |          

Of the $541,000 of acquired other intangible assets, $226,000 was assigned to proprietary internally developed and
commercially available for sale computer software, with a useful life of seven years; $130,000 was assigned to the Companys contractual relationship resulting from its Certified Partner Agreement with a software supplier, with a useful life of
five years; and $185,000 was assigned to customer relationships resulting in a recurring revenue stream, with a useful life of seven years. The amortization of the proprietary computer software and the contractual relationship are charged to cost of
revenue and the amortization of the customer relationships is charged to marketing, general and administrative expenses.

The following pro-forma
information shows results of operations as if the acquisition had occurred at the beginning of those periods:



|                           |  |                                 |           |                                |           |      |           |      |          
|-------------------------- |  | ------------------------------- | --------- | ------------------------------ | --------- | ---- | --------- | ---- | ---------
|                           |  | Three Months EndedSeptember 30, |           | Nine Months EndedSeptember 30,
|                           |  | 2007                            |           | 2006                           |           | 2007 |           | 2006
|Revenue                    |  | $                               | 2,178,155 |                                | 1,883,764 |      | 5,961,348 |      | 5,573,181
|Income before taxes        |  |                                 | 501,351   |                                | 360,863   |      | 1,138,892 |      | 1,072,885
|Net income                 |  |                                 | 335,884   |                                | 215,654   |      | 776,826   |      | 716,467  
|Basic earnings per share   |  |                                 | 0.05      |                                | 0.03      |      | 0.11      |      | 0.11     
|Diluted earnings per share |  |                                 | 0.05      |                                | 0.03      |      | 0.11      |      | 0.10     

Note 3: Software Development Costs

Software development costs at September 30, 2007 and the changes during the nine months then ended are summarized as follows:



|                            |  |      |           |                          |           |     |         |  
|--------------------------- |  | ---- | --------- | ------------------------ | --------- | --- | ------- | -
|                            |  | Cost |           | Accumulated Amortization |           | Net |        
|Balance, January 1, 2007    |  | $    | 1,497,372 |                          | 1,249,751 |     | 247,621 |  
|Additions                   |  |      | 15,363    |                          |          |     | 15,363  |  
|Amortization                |  |      |          |                          | 48,300    |     | (48,300 | )
|                            |  |      |           |                          |           |     |         |  
|Balance, September 30, 2007 |  | $    | 1,512,735 |                          | 1,298,051 |     | 214,684 |  
|                            |  |      |           |                          |           |     |         |  

The unamortized costs relate exclusively to internal use software and costs associated with web site development
and related enhancements. The additions in the first nine months of 2007 relate to costs capitalized in connection with the development of a new hosted value-added application.



8



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The ongoing assessment of recoverability of capitalized software development costs requires considerable judgment by
management with respect to certain external factors, including, but not limited to, anticipated future revenues, estimated economic lives and changes in software and hardware technologies. Impairment of asset value is considered whenever events or
changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Note 4: Bank Line of Credit

The Company has a bank line of credit to borrow up to $350,000 at the banks prime commercial interest rate plus 1.00% (8.75% at September 30, 2007). The line
of credit is automatically renewable at the banks option. Any borrowings under this line of credit are unsecured and are payable upon demand. Borrowings outstanding at September 30, 2007 were $140,000. The Company has a second bank line
of credit to borrow up to $400,000 with no outstanding borrowings at any time during 2006 or 2007.

Note 5: Income taxes

Income tax expense consists of the following:



|                           |  |                                  |         |                                 |      |         |      |         |   |      |        
|-------------------------- |  | -------------------------------- | ------- | ------------------------------- | ---- | ------- | ---- | ------- | - | ---- | -------
|                           |  | Three Months Ended September 30, |         | Nine Months Ended September 30,
|                           |  | 2007                             |         |                                 | 2006 |         | 2007 |         |   | 2006
|Current expense            |  | $                                | 188,983 |                                 |      | 84,779  |      | 440,968 |   |      | 263,406
|Deferred expense (benefit) |  |                                  | (23,516 | )                               |      | 53,285  |      | (41,784 | ) |      | 116,963
|                           |  |                                  |         |                                 |      |         |      |         |   |      |        
|Total income tax expense   |  | $                                | 165,467 |                                 |      | 138,064 |      | 399,184 |   |      | 380,369
|                           |  |                                  |         |                                 |      |         |      |         |   |      |        

Note 6: Earnings per share

The reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations for the three months and the nine months ended September 30, 2007 and 2006 follows:



|                                             |  |                    |         |                              |           |                  |   |     
|-------------------------------------------- |  | ------------------ | ------- | ---------------------------- | --------- | ---------------- | - | ----
|                                             |  | Income (Numerator) |         | Average Shares (Denominator) |           | Per Share Amount
|Three months ended September 30, 2007        |  |                    |         |                              |           |                  |   |     
|Earnings per share:                          |  |                    |         |                              |           |                  |   |     
|Net income available to shareholders         |  | $                  | 335,884 |                              | 6,845,015 |                  | $ | 0.05
|                                             |  |                    |         |                              |           |                  |   |     
|                                             |  |                    |        
|Three months ended September 30, 2006        |  |                    |         |                              |           |                  |   |     
|Basic and diluted earnings per share:        |  |                    |         |                              |           |                  |   |     
|Net income available to shareholdersbasic   |  | $                  | 232,375 |                              | 6,403,174 |                  | $ | 0.04
|Effect of potentially dilutive securities:   |  |                    |         |                              |           |                  |   |     
|Outstanding warrants                         |  |                    |        |                              | 29,072    |                  |   |    
|                                             |  |                    |         |                              |           |                  |   |     
|Net income available to shareholdersdiluted |  | $                  | 232,375 |                              | 6,432,246 |                  | $ | 0.04
|                                             |  |                    |         |                              |           |                  |   |     
|                                             |  |                    |        
|                                             |  | Income (Numerator) |         | Average Shares (Denominator) |           | Per Share Amount
|Nine months ended September 30, 2007         |  |                    |         |                              |           |                  |   |     
|Earnings per share:                          |  |                    |         |                              |           |                  |   |     
|Net income available to shareholders         |  | $                  | 708,602 |                              | 6,612,266 |                  | $ | 0.11
|                                             |  |                    |         |                              |           |                  |   |     
|                                             |  |                    |        
|Nine months ended September 30, 2006         |  |                    |         |                              |           |                  |   |     
|Basic and diluted earnings per share:        |  |                    |         |                              |           |                  |   |     
|Net income available to shareholdersbasic   |  | $                  | 630,936 |                              | 6,403,174 |                  | $ | 0.10
|Effect of potentially dilutive securities:   |  |                    |         |                              |           |                  |   |     
|Outstanding warrants                         |  |                    |        |                              | 26,596    |                  |   |    
|                                             |  |                    |         |                              |           |                  |   |     
|Net income available to shareholdersdiluted |  | $                  | 630,936 |                              | 6,429,770 |                  | $ | 0.10
|                                             |  |                    |         |                              |           |                  |   |     



9



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At September 30, 2006 warrants for the purchase of 75,000 shares of the Companys common stock at $1.205 per
share were outstanding; those warrants were exercised in December 2006 in exchange for a cash payment of $90,375.

Note 7: Comprehensive income

The components of comprehensive income, net of tax, were as follows:



|                                                                                                                                                                      |  |                                 |         |      |                                 |   |      |         |      |         |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------- | ------- | ---- | ------------------------------- | - | ---- | ------- | ---- | ------- | -
|                                                                                                                                                                      |  | Three Months EndedSeptember 30, |         |      | Nine Months Ended September 30, |  
|                                                                                                                                                                      |  | 2007                            |         | 2006 |                                 |   | 2007 |         | 2006 |        
|Net income                                                                                                                                                            |  | $                               | 335,884 |      | 232,375                         |   |      | 708,602 |      | 630,936 |  
|Net unrealized gain (loss) on available-for-sale securities (net of taxes of $462 and $7,861)                                                                         |  |                                 |        |      | (535                            | ) |      |        |      | 12,943  |  
|Reclassification adjustment for net realized (gain) loss on sale of available-for-sale securities included in net income (net of taxes
(benefit) of $407 and $(3,244) |  |                                 |        |      | 692                             |   |      |        |      | (5,524  | )
|                                                                                                                                                                      |  |                                 |         |      |                                 |   |      |         |      |         |  
|Comprehensive income                                                                                                                                                  |  | $                               | 335,884 |      | 232,532                         |   |      | 708,602 |      | 638,355 |  
|                                                                                                                                                                      |  |                                 |         |      |                                 |   |      |         |      |         |  

In the fourth quarter of 2006 management determined that it was appropriate to reclassify the short-term
investments from available-for-sale securities to trading securities due to the active and frequent buying and selling of the securities. As a result, unrealized gains and losses are recognized in net income for periods beginning after
September 30, 2006.

Note 8: Financial Instruments and Concentrations of Credit Risk

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of deposits in a large Ohio-based regional bank, which
exceeded federally insured limits at various times during 2007 and 2006. The Company manages the risk regarding deposits in banks by using high quality financial institutions.

The carrying amounts and estimated fair value of the Companys financial statements at September 30, 2007 and December 31, 2006 approximates fair value.

The Company purchases its software product sold by Merkur Group, Inc. primarily from one supplier, and purchases from this supplier during the three months and nine
months ended September 30, 2007 totaled approximately $247,000.

Note 9: Recently Issued Accounting Pronouncements

In February 2007, the Financial Accounting Standards Board issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities
(SFAS No. 159). SFAS No. 159 permits companies to choose to measure certain financial instruments and certain other items at fair value. The standard requires that unrealized gains and losses on items for which the fair value option has
been elected be reported in earnings. SFAS No. 159 is effective for the Company beginning in the first quarter of fiscal year 2008, although earlier adoption is permitted. The Company did not elect to adopt early the provisions of SFAS
No. 159, and the Company does not believe the adoption in 2008 of this Standard will have a material impact on the financial statements.

ITEM 2 - MANAGEMENTS DISCUSSION AND ANALYSIS

Forward Looking Statements

This Form 10-QSB contains forward-looking statements, including statements regarding the expectations of future operations. For this purpose, any statements contained in
this Form 10-QSB that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as may, will, expect, believe,
anticipate, estimate, or continue or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may
differ materially depending on a variety of factors, many of which are not within the Companys control. These factors include, but are not limited to, economic conditions generally and in the industries in which the Company may participate,
competition within the chosen industry, including competition from much larger competitors, technological advances, and the failure to successfully develop business relationships. In light of these risks and uncertainties, you are cautioned not to
place undue reliance on these forward-looking statements. This item should be read in conjunction with Item 1. Financial Statements and other items contained elsewhere in this report.



10



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Acquisition of Merkur Group, Inc. and Inclusion in Results of Operations Since July 2, 2007

The results of operations discussed herein include the results of Advant-e Corporation and its wholly-owned subsidiary, Edict Systems, Inc. throughout the periods covered
by this Form 10-QSB and its wholly-owned subsidiary Merkur Group, Inc. since the date of its acquisition by Advant-e Corporation on July 2, 2007.

Products and Services

The Company, through its wholly-owned subsidiary Edict Systems, Inc., is a provider of business-to-business
(B2B) electronic commerce (e-commerce) products and services, offering Electronic Data Interchange (EDI) based and proprietary solutions for businesses of all sizes. The Company develops, markets, and supports B2B
e-commerce software products and provides Internet-based communication and data processing services that enable businesses to process transactions electronically.

The Company provides consultative services for its customers, generally small and medium sized suppliers of larger companies, where the Company interfaces between its customers and the buyers to facilitate the EDI connectivity required for
document processing.

The following comprise the Companys three principal business products/services:



| |  | Web EDIInternet-based supply chain solution for the grocery, automotive, consumer packaged goods, and other industries
|- |  | -----------------------------------------------------------------------------------------------------------------------



| |  | EnterpriseEC®Internet-based Electronic Business
Transaction Network Services
|- |  | -----------------------------------------------------------------------------



| |  | Value-Added ApplicationsInternet-based solutions that enhance the value of electronic commerce capabilities
|- |  | ------------------------------------------------------------------------------------------------------------

The Company, through its wholly-owned subsidiary Merkur Group, Inc. that was acquired on July 2, 2007, develops, private labels, and resells software and provides
professional services, technical maintenance, and support to provide solutions that integrate with large Supply Chain Management (SCM), Customer Relationship Management (CRM), and financial and Enterprise Resource Planning (ERP) systems for
automating inbound and outbound business documents.

Critical Accounting Policies and Estimates

Revenue Recognition

The Company recognizes revenues in
accordance with the Securities Exchange Commission Staff Accounting Bulletin 101 (SAB 101), which requires the Company to recognize revenue when, in addition to other criteria, delivery has occurred or services have been rendered.

Revenues from Internet-based products and services (Web EDI and EnterpriseEC, etc) are comprised of four componentsaccount activation and trading partner set-up
fees, monthly subscription fees, usage based transactional fees and customer payments for the Companys development of applications designed to meet specific customer specifications.

Revenues earned from account activation and trading partner set-up fees are recognized after the Company performs consultative work required in order to establish an
electronic trading partnership between the customer and their desired trading partners. Trading partnerships, once established, require no ongoing effort on the part of the Company and customers are able to utilize the electronic trading
partnerships either directly with their customers or via a service provider other than the Company.

Revenue from monthly subscription fees is recognized
over the period to which the subscription applies.

Revenue from usage-based transaction fees is recognized in the period in which the transactions are
processed.

Revenue from the sale of software and related products is recognized upon activation of the software and delivery to the customer when title
and risk of loss are transferred. The Company follows the guidance provided in Emerging Issues Task Force Abstract (EITF) No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent. Based upon this guidance
the Company records the revenue from the sale of software and related products at gross, and the related software purchases are included in cost of sales. Customers have a 30-day period in which they can choose to accept or return the software.
Historically, customer returns have not been significant.

Revenue from maintenance contracts is recognized over the life of the maintenance and support
contract period, generally twelve months. Revenue from professional services is recognized upon the performance of those services.

Revenue from customer
payments for the Companys development of applications designed to meet specific customer specifications is recognized over the contract period, generally twelve months.



11



---

Software Maintenance Costs

Prepaid software maintenance costs represent amounts paid to the primary software supplier of Merkur Group, Inc. for providing program upgrades and software modifications to remediate programming errors during the
lives of the related customer maintenance and support contracts. These costs are charged to expense over the lives of the maintenance and support contract periods, generally twelve months.

Software Development Costs

The Company accounts for the costs
of computer software that it develops for internal use and costs associated with operation of its web sites in accordance with the American Institute of Certified Public Accountants Statement of Position (SOP) 98-1, Accounting for
the Costs of Computer Software Developed or Obtained for Internal Use and Emerging Issues Task Force (EITF) No. 00-2 Accounting for Web Site Development Costs. Such capitalized costs represent solely the salaries and
benefits of employees working on the graphics and content development stages, or adding functionality or features. In accordance with SOP 98-1 and EITF No. 00-2, overhead, general and administrative and training costs are not capitalized. The
Company accounts for the costs of computer software that it sells, leases and markets as a separate product in accordance with Financial Accounting Standards Board Statement No. 86, Accounting for the Costs of Computer Software to be
Sold, Leased or Otherwise Marketed. Capitalized costs are amortized by the straight-line method over the remaining estimated economic lives of the software application, generally three years, and are reported at the lower of unamortized cost
or net realizable value.

Goodwill and Other Intangible Assets, net

Goodwill represents the excess of the Companys purchase price over the fair value of the net identifiable assets of a business acquired. Goodwill is tested for impairment annually. Other intangible assets
consist of contractual vendor relationships, customer relationships and proprietary computer software. Intangible assets acquired in business acquisitions are recorded at their fair values using the income approach or cost approach. The other
intangible assets are amortized on a straight-line basis over their expected useful lives of five to seven years.

Recently Issued Accounting
Pronouncements

In February 2007, the Financial Accounting Standards Board issued SFAS No. 159, The Fair Value Option for Financial
Assets and Financial Liabilities (SFAS No. 159). SFAS No. 159 permits companies to choose to measure certain financial instruments and certain other items at fair value. The standard requires that unrealized gains and losses on items
for which the fair value option has been elected be reported in earnings. SFAS No. 159 is effective for the Company beginning in the first quarter of fiscal year 2008, although earlier adoption is permitted. The Company did not elect to adopt
early the provisions of SFAS No. 159, and the Company does not believe the adoption in 2008 of this Standard will have a material impact on the financial statements.

Results of Operations

Revenue



| |  | Revenue in the third quarter of 2007 of $2,178,155 increased by $809,573, or 59%, over revenue in the third quarter of 2006 of $1,368,582, and increased by
$697,005, or 47%, over revenue in the second quarter of 2007 of $1,481,150. Increases occurred in the Companys major products, GroceryEC, AutomotiveEC and EnterpriseEC. Revenue in the third quarter of 2007 included $610,300 from the sale of
software, professional services and maintenance and support contracts by Merkur Group, Inc.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | Revenue in the nine months ended September 30, 2007 of $5,075,628 increased by $1,111,119, or 28%, over revenue in the first nine months of 2006 of $3,964,509.
Revenue in the first nine months of 2007 included $610,300 from the sale of software, professional services and maintenance and support contracts by Merkur Group, Inc.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Net income



| |  | Net income in the third quarter of 2007 of $335,884 increased by $103,509, or 45%, over net income in the third quarter of 2006 of $232,375, and increased by
$94,311, or 39%, over net income in the second quarter of 2007 of $241,573. Net income in the third quarter of 2007 included $38,310 directly attributable to the operations of Merkur Group, Inc., less $13,554 of amortization of intangibles net of
deferred income taxes related to Advant-es acquisition of Merkur.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | Net income in the first nine months of 2007 of $708,602 increased by $77,666, or 12%, compared to net income for the first nine months of 2006 of $630,936. Net
income in the first nine months of 2007 included $38,310 directly attributable to the operations of Merkur Group, Inc., less $13,554 of amortization of intangibles net of deferred income taxes related to Advant-es acquisition of Merkur.
|- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



12



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The Company is continuing to accelerate its sales and marketing efforts to increase the rate of revenue growth in the
last quarter of 2007 with the objective of adding several new Hub Companies to the Companys Hub and Spoke marketing program.

Gross margin

The Companys gross margin, as a percent of revenue, was 62% in the third quarter of 2007 and 64% in the first nine months of 2007, compared to 69% in
the third quarter of 2006 and 70% in the first nine months of 2006. Cost of revenue increased by $396,322 in the third quarter and by $610,137 in the first nine months of 2007 compared to the same periods in 2006. Gross margin in 2007, when compared
to 2006, declined primarily due to:



| |  | Lower margin products sold by Merkur Group, Inc.;
|- |  | -------------------------------------------------



| |  | Increased spending in the third quarter and in the first nine months of 2007 compared to the corresponding periods in 2006 for salaries and benefits, including
health insurance and the Companys 401-k contribution, and consulting;
|- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | Depreciation expense related to continuing infrastructure improvements increased by $18,137 in the third quarter and by $56,609 in the first nine months of 2007,
but these amounts were partially offset by reduced software amortization of $10,259 in the third quarter and $45,493 in the first nine months of 2007 compared to the corresponding periods in 2006.
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Marketing, general and administrative expenses

Marketing, general
and administrative expenses increased by $286,199, or 49%, in the third quarter of 2007 and by $431,227, or 24%, in the first nine months of 2007 compared to the same periods in 2006. Marketing, general and administrative expenses, when compared to
2006, increased primarily due to additional Merkur Group, Inc. marketing, general and administrative expenses of $235,725 and expenses resulting from accelerated sales and marketing efforts to increase the rate of revenue growth in the last quarter
of 2007 and in 2008.

Marketing, general and administrative expenses as a percentage of revenue remained constant or improved, amounting to 40% in the
third quarter of 2007 compared to 43% in the third quarter of 2006, and 44% in the first nine months of both 2007 compared to 45% in the first nine months of 2006, as a result of the companys expense reduction program that was put into effect
late in the first quarter of 2007 and relatively lower expenses in the Merkur operations.

Capitalized Development Costs

The following table sets forth the cost and accumulated amortization of the products comprising the Software Development Costs asset at September 30, 2007:



|                                |  |      |           |                          |           |     |        
|------------------------------- |  | ---- | --------- | ------------------------ | --------- | --- | -------
|Product                         |  | Cost |           | Accumulated Amortization |           | Net
|Web EDI and enhancements        |  | $    | 796,721   |                          | 796,721   |     |       
|Web EDI, new version            |  |      | 229,990   |                          | 28,749    |     | 201,241
|Hosted value-added applications |  |      | 15,363    |                          | 1,920     |     | 13,443 
|EnterpriseEC                    |  |      | 470,661   |                          | 470,661   |     |       
|                                |  |      |           |                          |           |     |        
|Total                           |  | $    | 1,512,735 |                          | 1,298,051 |     | 214,684
|                                |  |      |           |                          |           |     |        

The Company has essentially completed the capitalization of software development costs for its new version of Web
EDI, and has started to phase in the conversion of existing Web EDI customers to the new version.

Liquidity and Capital Resources

In the first nine months of 2007, net cash flows from operating activities amounted to $929,420 compared to $542,938 in the first nine months of 2006. This increase was
related primarily to the payment of Federal income taxes, in accordance with IRS regulations, in 2006 for the 2005 tax year, and increased net income in 2007. In the first nine months ended September 30, 2007, cash and cash equivalents
decreased by $333,527 despite the net cash flows from operating activities of $929,420. This decrease resulted primarily from the cash payments totaling $971,338 for the acquisition of Merkur Group, Inc., purchases of property and equipment of
$181,246 to upgrade the Companys infrastructure, and payment of $75,000 to acquire treasury stock pursuant to the Companys stock repurchase program announced on August 9, 2007.



13



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|ITEM 3. | Controls and Procedures
|------- | -----------------------

Attached as exhibits to the Form 10-QSB
are certifications of the Companys Chief Executive Officer (CEO) and Chief Financial Officer (CFO), which are required in accordance with Rule 13a-14 of the Securities Exchange Act of 1934, as amended (the Exchange Act). These Controls
and Procedures section includes information concerning the controls and controls evaluation referred to in the certifications, and it should be read in conjunction with the certifications for a more complete understanding of the topics
presented.

The CEO and the CFO have conducted an evaluation of the effectiveness of the Companys disclosure controls and procedures as of the end of
the period covered by this Form 10-QSB. Disclosure controls and procedures are designed to reasonably assure that information required to be disclosed in our reports filed under the Exchange Act, is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commissions rules and forms. Disclosure controls and procedures are also designed to reasonably assure that such information is accumulated and communicated to our management,
including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosures.

Based upon the controls evaluation, our CEO and CFO
have concluded that the Companys disclosure controls and procedures were effective to ensure that information required to be disclosed in reports that the Company files or submits under the Securities Exchange Act of 1934, as amended, is
accumulated and communicated to the Companys management, including the Companys chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure; and that the Companys disclosure controls
and procedures were effective during the period covered by the Companys report on Form 10-QSB for the quarterly period ended September 30, 2007.

During the period covered by this report, there were no changes in the Companys internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Companys internal
control over financial reporting.

PART II. OTHER INFORMATION



|ITEM 6. | Exhibits
|------- | --------



|               |  |                                                                          |  |                     
|-------------- |  | ------------------------------------------------------------------------ |  | --------------------
|Exhibit Number |  | Description                                                              |  | Method of Filing    
|2              |  | Plan of purchase of Merkur Group, Inc. on July 2, 2007                   |  | Previously filed (E)
|               |  |                                                                         
|3(i)           |  | Amended Certificate of Incorporation                                     |  | Previously filed (A)
|               |  |                                                                         
|3(ii)          |  | By-laws                                                                  |  | Previously filed (B)
|               |  |                                                                         
|4              |  | Instruments defining the rights of security holders including indentures |  | Previously filed (C)
|               |  |                                                                         
|4.1            |  | Amendment to warrant certificated dated August 9, 2005                   |  | Previously filed (D)
|               |  |                                                                         
|31.1           |  | Rule 13a-14(a)/15d-14(a) Certification                                   |  | Filed herewith      
|               |  |                                                                         
|31.2           |  | Rule 13a-14(a)/15d-14(a) Certification                                   |  | Filed herewith      
|               |  |                                                                         
|32.1           |  | Section 1350 Certification                                               |  | Filed herewith      
|               |  |                                                                         
|32.2           |  | Section 1350 Certification                                               |  | Filed herewith      

---

|(A) | Filed with Amendment No. 2 to Form 10-SB filed as of October 13, 2000
|--- | ---------------------------------------------------------------------

|(B) | Filed with Amendment No. 1 to Form 10-SB filed as of July 17, 2000
|--- | ------------------------------------------------------------------

|(C) | Filed with Form 10-SB filed as of July 1, 2000.
|--- | -----------------------------------------------

|(D) | Filed with Form 10-QSB for the quarterly period ended September 30, 2005 as of November 14, 2005.
|--- | -------------------------------------------------------------------------------------------------

|(E) | Filed with Form 8-K on July 2, 2007.
|--- | ------------------------------------



14



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Signatures

In accordance with the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                  |  |  |  |                      |  |                                   
|----------------- |  |  |  | -------------------- |  | ----------------------------------
|                  |  |  |  | Advant-e Corporation
|                  |  |  |  | (Registrant)        
|                  |  |  | 
|November 20, 2007 |  |  |  | By:                  |  | /s/ Jason K. Wadzinski            
|                  |  |  |  |                      |  | Jason K. Wadzinski                
|                  |  |  |  |                      |  | Chief Executive Officer           
|                  |  |  |  |                      |  | Chairman of the Board of Directors
|                  |  |  | 
|November 20, 2007 |  |  |  | By:                  |  | /s/ James E. Lesch                
|                  |  |  |  |                      |  | James E. Lesch                    
|                  |  |  |  |                      |  | Chief Financial Officer           
|                  |  |  |  |                      |  | Principal Accounting Officer      
|                  |  |  |  |                      |  | Member of the Board of Directors  



15