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Pacel Tackles Blocks of $25 Billion Industry
Business Wire - October 07, 2003 10:52
MANASSAS, Va.--(BUSINESS WIRE)--Oct. 7, 2003--Pacel Corp. (OTCBB:PACC) announced today that it will continue to pursue large blocks of the $25 billion Human-Resource Outsourcing industry through aggressively pursuing acquisitions of Professional Employer Organizations (PEOs). It recently announced that it has entered the second phase of the acquisition of several privately-held PEOs as it continues to meet its goal of reaching $250 million in billing stream by years end.

Even though this goal represents only 1% of the current market, it firmly establishes the company's operational strength, and the feasibility of new business development activities as management steadfastly pursues larger and larger targets.

Pacel CEO, Dave Calkins noted, "The market is so vast that while we capture even small percentages of the market it represents tremendous increases in our annual revenue and the effective profitability of the firm. We used a significant amount of time this year developing our infrastructure to a point where we could acquire and service large books of business more efficiently and effectively than our competitors. Now we are reaping the rewards. As a result of our activities, we are anticipating significant additions to our bottom line and surprisingly substantial increases in profitability."

The statements contained in this press release that are not historical facts are forward-looking statements that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) regulatory and tax developments; (ii) the effectiveness of the Company's sales and marketing efforts; (iii) changes in the competitive environment of the industry; (iv) changes in general economic conditions; (v) changes in the Company's direct costs and operating expenses; (vi) the estimated costs and effectiveness of capital projects and investments in technology and infrastructure; (vii) management's ability to effectively implement its business strategy. These factors are described in further detail in filings with the Securities and Exchange Commission.


CONTACT: KBK Ventures, Inc., Houston
David Bromberg, 713/624-7110