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Advantex Marketing International Inc C.ADX

Alternate Symbol(s):  ATXMF

Advantex Marketing International Inc. is a Canada-based company, which provides working capital to merchants. The Company provides merchant cash advance (MCA) and loyalty marketing services to its community of merchants. It also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants. Its segments include MCA program and Aeroplan program. In the MCA program, the Company provides merchants with working capital through pre-purchase, at a discount, of merchants’ future cash flows. The Company is a re-seller of Aeroplan Points. It sells Aeroplan Points to merchants who are small and mid-sized retailers and service providers. The Company’s merchants operate across Canada in diverse business segments: restaurants; independent inns, resorts and selected hotels; spas; retailers of men’s and ladies’ fashion, footwear and accessories; florists and garden centers; health and beauty centers; gift stores, and home decor.


CSE:ADX - Post by User

Comment by habsfanon Feb 08, 2004 11:17am
143 Views
Post# 7020682

RE: I just can't believe......

RE: I just can't believe......Agree Stockjam. When I first came on board with this company I was impressed with their communication plan and business opportunities. What has transpired since then is simply unacceptable. Shareholders have been "used" to fund operations of this company at every turn. Good news releases on new programs/opportunities are never followed up with results. Shareholders do not mind funding companies as there is an expectation of increased value (that's why we invest and why companies rely on investors). In the case of ADX the "long" wait continues. One final point that sticks in my craw. Two AGM's ago, Allison stood up and promised that incurring program infrastructure expenses at that time would eliminate the need to do ss for future programs thus increasing margins. This has not happened in my opinion. Each new program seems to come on board with it's own set of new expenses. All JMHO of course but still frustrating never the less....sorry for the rambling....cheers all.....habsfan
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