Dutton & Associates Announces Investment Opinion: Advant-e Rating of Speculative Buy Maintained By Dutton & Associates.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dutton & Associates EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif.--(BUSINESS WIRE)--Aug. 29, 2002 J.M. Dutton & Associates maintains its rating on Advant-e (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVEE AVEE Average Valence Electron Energy ) of Speculative Buy in its quarterly update report. The AVEE 12 month price target remains $3.50, (current price: $1.18) and the 4-page update report by J.M. Dutton analyst Gary Clark Gary C. Clark (born May 1, 1962 in Radford, Virginia) is a former professional American Football wide receiver who played for the Washington Redskins (1985-1992), Phoenix Cardinals (1993-1994) and Miami Dolphins (1995) in the National Football League. , Ph.D., CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , is available at www.jmdutton.com and from Zacks, First Call, Multex, and other leading financial portals. Advant-e's wholly owned and sole operating subsidiary EDICT Systems, Inc. is a computer services firm devoted to supporting, facilitating, and enhancing B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . Its most significant current revenue producer is www.GroceryEC.com, a web-based vertical industry portal connecting to EnterpriseEC, which is focused on the grocery retailing industry. Advant-e reported Q2 revenue of $491,437, up 87% over the prior year's Q2, and up 22% over the previous quarter. It has reported a small but increasing profit in each of the last two quarters. Advant-e has surpassed 5,000 trading relationships, or distinct EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. e-commerce links between one supplier and one retailer in the grocery field. Advant-e supports the EDI initiatives of approximately 90 retailers by providing compatibility for their suppliers. The number of subscribers is about 2,100, up from about 1,700 at the beginning of this year. Reported liquidity improved somewhat during Q2, but while Company resources appear stretched, we believe that management will continue to handle the liquidity issue successfully. We are maintaining our Speculative Buy rating as it continues to demonstrate significant quarterly improvement. Gary Clark, a principal of Clark Asset Management + Associates, Inc., holds a Ph.D. in Economics from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. , and is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. . He is an accomplished author of numerous economic treatises and lectures at several colleges in the Los Angeles area. About Dutton & Associates Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 18 senior analysts, primarily CFAs, have expertise in many industries including healthcare, technology, finance, banking, mining, gaming, and energy. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its institutional-quality research, estimates, and recommendations are carried in all the major databases serving institutions and online investors. The cost of enrollment in the Dutton & Associates one-year continuing research program is US $25,000 prepaid before commencement of its research activities. Dutton & Associates does not accept payment of any of its fees in company stock. Its principals and analysts are prohibited from owning or trading in securities of covered companies. Please read full disclosures at www.jmdutton.com before investing. |
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