**********NEWS************
Friday January 29, 12:19 pm Eastern Time
Company Press Release
PACEL Corp. Retains New Financial Consulting and Investor Relations
Firm to Assist in Strategic Planning and Increase Exposure to the Investor Community
PMR and Associates brought on board to implement Aggressive Growth
Strategy for PACEL Corp.
MANASSAS, Va.--(BUSINESS WIRE)--Jan. 29, 1999-- PACEL Corp. (NASD OTC BB : PLRP) announced Friday that it has retained the services of the financial consulting firm PMR and Associates.
PMR and Associates provides consulting services to private and public companies in areas ranging from corporate finance, acquisitions, business development and investor relations.
Under the leadership of Patrick M. Rost, PMR and Associates has developed a strong track record in creating shareholder value for numerous NASDAQ and OTC clients by integrating a broad range of services into the corporate strategy of its' client companies.
Mr. Rost is a graduate of the Catholic University of America Columbus School of Law in Washington, DC and the Notre Dame London Law Centre, Concannon School of International Law and Finance.
He has previously served on the board of directors of several organizations, including the American Liver Foundation (San Diego Chapter) and the Scripps Memorial Hospital Steven's Cancer Center
Annual Fund Raising Event.
After finishing his legal career with one of the top law firms in the country, Mr. Rost joined a large consumer products import export firm as the Director of Legal Affairs and Business Development. He played a major role in several acquisitions and initiated business development resulting in revenue growth from $15 million to $75 million before he began his own firm.
''I am extremely excited about working with management of PACEL Corp. and assisting them with their planning and implementation of a strategic acquisition plan for enhancing shareholder value in 1999. I am very impressed with PACEL's existing products and clients'', stated Mr. Rost.
''By expanding PACEL's client base through an intensive internal marketing program and acquisitions, an increased revenue growth is readily achievable. PACEL's management team is composed of experienced veterans of the industry and it is poised to become a major player in the software and systems solutions arena'', concluded Mr. Rost.
''PMR and Associates brings a unique set of skills to PACEL'', added Mr. David Calkins, President and CEO of PACEL Corp. ''Mr. Rost's organization has a thorough understanding of Strategic Planning and solid financial experience to assist in bringing about significant bottom line profits.
''His investor relations credentials and contacts will provide outstanding exposure to the financial markets through his extensive network of contacts with investment bankers, brokerage firms, industry analysis, institutional investors and industry forums. We anticipate a long and productive relationship between our firms'', concluded Mr. Calkins.
ABOUT THE COMPANY
PACEL Corp. is a software development & systems integration company located in Manassas, Va. 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 provide the ability to use electronic documents that are involved in the day to day operations of any business.
PACEL software provides personnel a powerful tool ''Visual Writer System(TM),'' a Self-Aware(TM) software that enables them to create Interactive electronic documents (NO Programming Required). PACEL understands that these new electronic documents must fit seamlessly into the existing environment so that paper, legacy data and previous platforms are not left out.
Yet the programs must still have a dramatically positive impact on corporate profitability. Therefore, the ability to provide a complete solution including the hardware, and software systems, and
integration of those systems with legacy programs is an integral part of the company's long-term strategy.
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, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks.
Contact:
PMR and Associates
Investor Relations
Patrick M. Rost, 760/635-8695
or
PACEL Corp.
David E. Calkins, President & CEO, 703/257-4759
email: info@pacel.com
www.pacel.com
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