Pacel Corp. Travels Path To Success
MANASSAS, VA --(INTERNET WIRE)--Feb 19, 2002 -- Pacel, Corp. (OTC BB: PLRP) announced today that as of December 31, 2001, total sales are projected to meet $1.5M, up against last year's $244,971 resulting in a difference of $1,255,029 and an increase 6 (six) times greater than Year 2000 sales. The sales from the existing NATO contracts of Fairfax Communications Limited (FCL) and Advantage Systems' existing customer base directly attribute to the increase in revenue.
CEO, David Calkins, stated, "We believe that Pacel has made huge strides in re-focusing corporate efforts and goals, and realigning corporate structure in order to ensure the current path of success the company is on."
Pacel has much strength to rely on during its path to success -- Market awareness and focus, Product and Service diversification and the strengthening of our corporate infrastructure. Our financial health and viability can be attributed to productive cash management, newly established lines of credit, cost reductions and reduced financial dilution.
The company will persevere in its focus on product refinement; high-end server's, specialty equipment and services, which we believe, offer true market value and viability to our clients.
FORWARD-LOOKING STATEMENTS
When used in this document and in our filings with the Securities and Exchange Commission, in our press releases, or other public or shareholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from our historical results and those we presently anticipate or project. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Various factors could affect our financial performance and cause our actual results to differ materially from any opinions or statements we express with respect to future periods in any current statements. These factors include, but are not limited to, the following: increases in our operating expenses outpacing our revenues; our inability to expand our sales and distribution channels, the failure of strategic relationships to implement and protect our software products, the failure of third parties to develop software components necessary for the integration of applications using our software; and the use of our intellectual property by others.
biz.yahoo.com
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Contact:
Contact: David E. Calkins
Title: Chairman of the Board
Voice: 703-257-4759
Email: investmore@pacel.com |
