Pacel Corp. has Sights on Closing of 1st Round of Acquisitions
MANASSAS, Va., Sep 24, 2002 (BUSINESS WIRE) -- EntreMetrix, a wholly owned
subsidiary of Pacel Corporation (OTCBB: PCEL) narrows its evaluation of the many
acquisition scenarios the company has been pursuing. "Since the launch of our
acquisition strategy the number of opportunities we have been evaluating has
grown rapidly which has allowed us to move very selectively in this process,"
stated Scott W. Absher of NeoTactix, Pacel's advisor. Absher continued stating
that "we have been able to align several PEO acquisitions that we plan to close
serially before the end of the year."
Dave Calkins, Pacel's Chairman went further by saying, "Get ready for great
things over the next few weeks. We are about to deliver on what we have been
working so patiently to get done." Calkins added that "despite the timeline
running longer than we had hoped, we believe that Pacel shareholders will be
very pleased with what unfolds and we have appreciated their patience."
The company continues toward its goal of consolidating through acquisition a
national footprint within the Professional Employer industry and expects to
exceed a profitable $100 Million in annualized revenue in the execution of its
strategy.
CONTACT:
OTC Financial Network, Needham, Mass.
Rick McCaffrey, 781/444-6100 ext. 621
rick@otcfn.com |
