Hi Gang...
Here is some interesting info from this morning.
Enjoy,
John (humble PLRP newbie)
(BSNS WIRE) PACEL Corp. Targets Acquisition Candidates
PACEL Corp. Targets Acquisition Candidates
Business Editors
MANASSAS, Va.--(BUSINESS WIRE)--Feb. 10, 1999--
Recission of Capitalization Plan Confirmed
After considering ramifications to current shareholder base and
the future implications of a financing plan PLRP has decided to
maintain the status quo with regard to its current capitalization
structure and current ticker symbol.
Additionally, PACEL Corp. (NASD OTC BB:PLRP) is actively seeking
acquisitions in related fields of computer services technology and
Internet computer industry. Several candidates have been identified
and negotiations are underway with the respective management of
several firms.
"After an in depth review of the prospects for PACEL, the board
of directors concluded it is in our current shareholders' best
interest to actively pursue our future growth plans via internal
development and targeted acquisition candidates under the existing
capitalization structure. Although alternative plans had significant
merit, the plan currently adopted provides for the most opportunity
for enhancement of shareholder value", stated Dave Calkins, President
of PACEL Corp.
PACEL Corp. provides total solutions for managing and improving
business flow processes. David Calkins, President and CEO of PACEL
Corp. stated that, "Our mission is to provide and empower those
individuals, who are an integral part of mission-critical processes
(such as Order Entry, Customer Service etc.), which drive businesses,
with powerful PACEL Self-AWARE(tm) tools that will enable and create a
highly streamlined, efficient, and easy to use computing environment."
PACEL Corp., whose name stems from the phrase.."setting the PACE
of exceLlence" believes that the "pace" at which this change in
workflow is implemented, MUST be BETTER than the one it replaces, and
must occur at a pace that will leave competitors behind.
PACEL is driven to create tools which will integrate the new
environment seamlessly, so that mission critical, legacy data, are
integrated into the new workflow processes without any interruption to
the core business rules, while having a dramatically positive effect
on profitability.
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.
For more information: please visit our website at: www.pacel.com.
--30--cl/ph*
CONTACT: PMR and Associates
Patrick M. Rost, Investor Relations, 760/635-8695
or
PACEL Corp., Manassas
David E. Calkins, President & CEO, 703/257-4759
email: info@pacel.com
www.pacel.com
KEYWORD: VIRGINIA DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS COMED
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