8-K

                                UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 8-K

                               CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


     Date of Report (Date of earliest event reported):  January 27, 2005


                      ADDVANTAGE TECHNOLOGIES GROUP, INC.
            (Exact name of registrant as specified in its charter)



       Oklahoma                   1-10799                  73-1351610
(State or other jurisdiction    (Commission              (IRS Employer
   of incorporated)             File Number)           Identification No.)



          1605 E. Iola
      Broken Arrow, Oklahoma                                74012
(Address of principal executive office)                  (Zip Code)

                             (918) 251-9121
           (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


Item 2.02.  Results of Operations and Financial Condition

On January 27, 2005, ADDvantage Technologies Group, Inc. issued a press
release announcing its financial results for its first quarter of fiscal 2005
that ended December 31, 2004.  A copy of the press release is attached to this
Report as Exhibit 99.1 and is incorporated herein by reference.  The
information disclosed in this report, including Exhibit 99.1 hereto, is being
furnished and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934.

Item 9.01.  Financial Statements and Exhibits

(c)  The following exhibits are filed herewith:

Exhibit 99.1     Press Release dated January 27, 2005.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    ADDVANTAGE TECHNOLOGIES GROUP, INC.


Date:  January 27, 2005             /s/Dee Cooper
                                    ------------------------------
                                    By:  Dee Cooper
                                    Its: Controller





                               EXHIBIT INDEX


Exhibit No.       Description
- -----------       -----------

Exhibit 99.1      Press Release of ADDvantage Technologies Group, Inc. dated
                  January 27, 2005 announcing its financial results for its
                  first quarter of fiscal 2005 that ended December 31, 2004.

EX-99

                                                                   Exhibit 99.1


                     ADDVANTAGE TECHNOLOGIES GROUP, INC. REPORTS
                   FINANCIAL RESULTS FOR FIRST QUARTER FISCAL 2005

     Broken Arrow, Oklahoma, January 27, 2004--ADDvantage Technologies Group,
Inc. (AMEX:AEY) today announced its financial results for its first fiscal
quarter that ended December 31, 2004.

     Net Revenues increased by 8.6% in the first quarter 2005 to $12.3 million
from last year's $11.3 million.

     Net Income grew by 8.7% for the first quarter 2005, reaching $1.5 million
compared to $1.4 million in the first quarter of fiscal 2004.  The gains in
profit are primarily a reflection of the increase in revenues and maintaining
operating margins.

     Basic income per share for the first quarter 2005 was $0.13, up 18% from
the first quarter of 2004, while diluted income per share was also $0.13.  The
Company redeemed $8 million of the Company's convertible preferred stock in the
fourth quarter that effectively resulted in the basic and the diluted income
per share being the same.

     "After the exceptional performance we saw in our business last year, we
are pleased that the beginning quarter of fiscal 2005 reflects a continuation
of the strong growth trends for ADDvantage." said David Chymiak, Chairman.
"The increasing momentum we have seen in sales of Scientific-Atlanta products
as a "Master Stocking Distributor" and Motorola products reflects a growing
awareness of our Value Added Reseller relationships with these companies."

     Ken Chymiak, President and CEO, commented, "We are pleased with our first
quarter results.  Our Company's ability to deliver in a short time span is the
key to our success with many of our customers."

ADDVANTAGE TECHNOLOGIES GROUP, INC. (AMEX: AEY), through its subsidiaries,
Tulsat, Lee Enterprise, NCS Industries, ComTech Services, Tulsat-Texas, and
Tulsat-Atlanta distribute new and refurbished cable television ("CATV")
equipment, and operate repair centers at each location.  Tulsat is a Value
Added Reseller ("VAR") and a Master Distributor for Scientific-Atlanta legacy
products and is a distributor for most of their other products.  NCS is a VAR
for Motorola broadband and transmission products and national distributor for
PROMAX test equipment.  The Company is also a distributor for other companies
such as Blonder-Tongue, Standard Electronics, Videotek, Quintech Electronics,
and Corning Gilbert, among others.  In addition to selling new, excess and
refurbished cable television equipment throughout North America and other
regions, they operate repair centers specializing in many different Original
Equipment Manufacturer ("OEM") products.  Tulsat is also a Third Party
Authorized Repair Center for select Scientific-Atlanta products and ComTech
Services is an authorized Alpha warranty repair center.  For more information,
please visit the corporate web site at www.addvantagetech.com or contact the
Company directly at 918-251-9121.

The information in this announcement may include forward-looking statements.
All statements, other than statements of historical facts, which address
activities, events or developments that the Company expects or anticipates will
or may occur in the future, are forward-looking statements.  These statements
are subject to risks and uncertainties which could cause actual results and
developments to differ materially from these statements.  A complete discussion
of these risks and uncertainties is contained in the Company's reports and
documents filed from time to time with the Securities and Exchange Commission.

                     ADDvantage Technologies Group, Inc.
                         Statement of Operations
                              (Unaudited)

                                           Three Months Ended
                                               December 31,
                                    2004                        2003
                                    ----                        ----

Revenues                       $ 12,261,125                $ 11,292,500

Operating Income               $  2,488,841                $  2,233,923

Net Income                     $  1,514,687                $  1,393,170

Net Income Applicable
 to Common Stock               $  1,304,687                $  1,083,170

Net Income Per Share
 of Common Stock
   Basic                       $        .13                $        .11
   Diluted                     $        .13                $        .10

Shares Used in Computing
 Net Income Per Share:
  Basic                          10,061,756                  10,011,314
  Diluted                        10,117,873                  12,080,044



Contact:  ADDvantage Technologies Group, Inc. l605 E. Iola  Broken Arrow, OK
          Ken Chymiak    (9l8) 25l-2887
          David Chymiak  (9l8) 25l-2887
          Dee Cooper     (9l8) 25l-9l2l