PACEL CORP (fka PCCN)

[Phisherman]

marketgainer.com: Issues Updates for PACEL Corp.

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M2
11:19 a.m. 03/10/2006


Mar 10, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought PACEL Corp. (PCCE) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

Shares increase 40% on 1.5 billion (at the time of publication) in volume. Today momentum comes as the company announces that its operating unit AsmaraHR has expanded its presence in Texas.

AsmaraHR has increased its sales force in Texas with the opening of a Houston office staffed by long time professionals in the human resource industry and is in final negotiations to open a west Texas office. These new offices combined with an expanded risk and safety capability in Dallas will give AsmaraHR a solid presence throughout the state.

PACEL recently announced it had repaid all of its debenture debt giving it the ability to use its resources to expand the company. PACEL announced it closed on the acquisition of United Personnel, Inc and anticipates closing on World Wide Personnel of Maine, Inc within two to three weeks.

"We are able to put our expansion plans in full force now," stated Gary Musselman, President of PACEL. "We have added new companies, are planning on adding more and we are concentrating on organic growth. We expect these moves to have a positive impact on the company and improve its value."

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