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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we? -- Ignore unavailable to you. Want to Upgrade?

To: William B. Hill who wrote (2580)	2/10/1999 10:06:00 AM
From: John Fisher	Read Replies (1) \| Respond to of 3171

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 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *