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Microcap & Penny Stocks : PACC is the 3rd time a charm?
PACC 0.00Nov 17 4:00 PM EST

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To: Tadsamillionaire who wrote (1)7/9/2003 12:55:45 PM
From: Tadsamillionaire  Read Replies (1) of 5
 
Pacel Increases Operational Capacity by 300%
Friday June 20, 1:07 pm ET

MANASSAS, Va.--(BUSINESS WIRE)--June 20, 2003--Pacel Corporation (OTCBB:PACC - News) announced today that in conjunction with its recent acquisitions it has managed to triple its processing capacity to handle the payroll and human resource transactions that are the mainstay of the company's revenue generating activities. It was a primary goal of management for the second quarter to develop the operational capacity and the corporate infrastructure to handle the $250 million revenue stream management has targeted by the end of the year.
Now that the infrastructure is in place, management's primary focus is to generate as much revenue in the form of both new accounts and acquisitions as possible by the end of the year.

Pacel's CEO Dave Calkins stated, "I am now much more comfortable that we can handle the volume of business necessary to reach our goals. We have always had a strong focus on technology and while analyzing our recent acquisitions we realized that there were substantial intellectual and technological assets that could be acquired without incurring the exuberant expense of developing them ourselves. We want to maintain one of the most efficient and technologically advanced operations in the industry - it will give us a significant competitive advantage and allow us to maintain higher profit margins than our competitors."

About Pacel Corporation:

Pacel Corporation is a leading provider of Human Resource Outsourcing solutions to small and medium-sized businesses in the United States. This year the company is aggressively pursuing the development of a $250 million revenue stream comprised of new accounts derived from its Strategic Marketing Program, and those acquired through its Mergers & Acquisitions Initiative. The company has already completed several acquisitions this year, and is actively pursuing additional prospects.

biz.yahoo.com
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