San Diego, CA -- (SBWIRE) -- 06/28/2016 -- An investigation on behalf of investors in shares of Advant-E Corporation was announced over potential breaches of fiduciary duties by certain officers and directors at Advant-E Corporation.

Investors who purchased shares of Advant-E Corporation (OTCMKTS:ADVCD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The Advant-e Corporation's 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.

On June 24, 2016, shares of Advant-E Corporation (OTCMKTS:ADVCD) closed at $5.00 per share.

Those who purchased shares of Advant-E Corporation have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com