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PACC News (trade by candlestick chart)
Pacel to Target Additional $25 Million
Friday April 11, 9:10 am ET


MANASSAS, Va.--(BUSINESS WIRE)--April 11, 2003--Pacel Corporation (OTCBB:PACC - News) announced today that as a result of its recent strategic alliance with MRG California LLC, the company has agreed to develop a new business program to be integrated into Pacel by the end of the year and has targeted $25 million in sales for the first year.
MRG has already sold Pacel's subsidiary, Resourcing Solutions Group, Inc. $100 million of assets that are being transferred in multiple tranches over the next few months. The goal of the new program will be to add additional assets and revenues to Pacel's bottom line with comparatively limited expenditures through utilizing MRG's existing marketing infrastructure. Additional detailed information will be revealed in the coming weeks as the program progresses.

Pacel CEO Dave Calkins said, "Why should PACEL go to the time, expense, and risk of developing another marketing infrastructure in California when we can tap into one that is already there and operating successfully? MRG has several very progressive methods for acquiring clients in a very difficult and competitive market. I think the most profitable move for our shareholders is to utilize existing talent that is experienced in the California marketplace."

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 Pacel Corp. filings with the Securities and Exchange Commission.



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