(BSNS WIRE) PACEL Files Registration Statement for Public Offering of Co
PACEL Files Registration Statement for Public Offering of Common Stock
Business Editors/High Tech Writers
MANASAS, Va.--(BUSINESS WIRE)--Nov. 30, 1999--PACEL Corporation
(OTCBB:PLRP), a business software developer and provider of business
related Internet solutions to small and mid-sized companies, announced
today that it has filed a registration statement with the Securities
and Exchange Commission relating to a proposed public offering of
common stock to be offered by PACEL.
PACEL is a software applications development company and systems
integrator located approximately 30 miles outside of Washington D.C.
in Manassas, Va. PACEL specializes in providing innovative software
products for clients in the commercial, industrial and government
marketplace. PACEL also offers a full line of Internet services and
provides information technology consulting services.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
When available, a copy of the PACEL prospectus may be obtained
from Dave Calkins, President, PACEL Corporation, 8870 Rixlew Lane,
Suite 201 in Manassas, Virginia 20109. Telephone: 703/257-4759
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Statements in this release regarding PACEL's
business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of
such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements in this
release, see the "Risk Factors" section of PACEL's registration
statement filed with the SEC on November 24, 1999.
--30--EB/ho*
CONTACT: WSCG, Houston
Tony Tomasso, 281/494-9080
or
Investor Relations
PACEL Corporation, Manassas
David E. Calkins, 703/257-4759
Investmore@pacel.com
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: SOFTWARE
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