June 27, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Advant-E Corporation (OTCMKTS:ADVCD) was announced over potential breaches of fiduciary duties by certain officers and directors at Advant-E Corporation.

The Advant-e Corporations Board of Directors recently announced a company action to implement a 1 for 10,000 share reverse stock split and mandatory cash out of fractional shares at $0.50 per share on a pre-split basis to be followed by a 1,000 for 1 forward stock split.

The investigation by a law firm concerns whether certain Advant-E Corporation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders. More specifically, the investigation focuses on whether the $0.50 per share amount is sufficient and whether the steps taken by the Board of Directors in considering this transaction are adequate.