PLRP News!
Monday July 26, 1:08 pm Eastern Time
Company Press Release
Pacel Corp. Announces Expansion
Plans
MANASSAS, Va.--(BUSINESS WIRE)--July 26, 1999--Pacel
Corp. (NASDAQ, OTC BB:PLRP) today signed a lease to double
office space at it's headquarters, 8870 Rixlew Lane, in Manassas, VA, from 4,100 square feet to
8,200 square feet as of September 1, 1999, as part of a major expansion plan that will also increase
the number of current personnel from 15 to 30 by the end of Summer.
Just three months ago, Pacel had six full-time employees. The decision to expand was made to
accommodate increased business opportunities and activities.
The new area will be home to a team of programmers, web and database developers, technicians,
additional sales force and supervisory personnel responsible for E-business-stor.com Inc. (EBS),
Pacel's rapidly growing internet business which provides e-commerce consulting and development,
designs hosts and maintains web sites and offers software and hardware for business needs.
''This is just another step in our continuing growth process,'' said David Calkins, President of Pacel
Corp. ''EBS will be a portal for high prestige companies to offer their products and services, giving
users the opportunities to shop, compare and order a variety of items On-Line, within a secure
environment.''
Within the past two weeks, the company launched The Morton Downey, Jr. Web Show at www.
mortondowneyjr.net and there are early indications that the web site will be a huge success. Calkins
indicated that Pacel was ''close'' to finalizing deals to launch other high visibility, income-producing
web sites in the near future that could triple the company's revenue stream.
Pacel Corp. was founded in 1994 as a software development and systems integration company
specializing in providing software products that improve business flow processes (order entry,
inventory management, personnel management maintenance, etc.) Pacel's Power-Smart(TM) Self
Aware(TM) software systems provided the ability to develop and use electronic documents that are
involved in the day to day operations of any business.
Pacel Corp. provides high-value technology solutions allowing clients to enter the new century with the
highest level of productivity and capability. These solutions enable companies to capitalize on rapidly
changing opportunities within their global market place.
Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the
Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including,
without limitation, continuing acceptance of the company's products, new products, and technological
changes, intellectual property rights and other risks.
For more information, please visit the Pacel Corp. website at www.pacel.com
Contact:
PACEL
by
L.S., Public Relations, Inc.
Les Schecter, 212/586-2600 |
