Advantex They annouced yesterday a profit of $227,000 for fiscal year ended June 31 2012.
Stock trades at 1/2 cent which is a puzzle. Maybe because like Futura, they do carry a large debt load. I sometimes wonder if it's even worth it with these penny stocks.
"It is encouraging to report an increase in revenues and net income. The company increased merchant participation because it satisfies a need in the small merchant space for cost-effective loyalty marketing and business intelligence which enables merchants to retain their existing business and target new business -- critical tools in today's economy -- and provides merchants access to unsecured working capital. For its partners, Canadian Imperial Bank of Commerce (CIBC) and Aeroplan Canada Inc. (Aeroplan), Advantex is their entry into the small merchant world, and enables them to deliver extra value to their customers and members. The partners continue to give Advantex access to new business segments, which allows Advantex to expand merchant participation. Advantex is uniquely placed to be a valuable partner to other service providers who wish to sell their services to small merchants," said Kelly Ambrose, president and chief executive officer