PACEL CORP (fka PCCN)

[Phisherman]

PACEL Corp. Announces Closing on New Acquisition

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PRNewswire
06:00 a.m. 02/07/2006


CHARLOTTE, N.C., Feb 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- PACEL, Corp. (PCCE) has reached final terms for the acquisition of World Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc.

PACEL Corp. entered into a letter of intent to purchase World Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc. in November 2005. The parties have set February 15, 2006 as the closing date.

World Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc. will continue to operate with the current management team and continue to serve their respective client base.

"We are looking forward to the closing now that all the details have been finalized," stated Gary Musselman, President of PACEL. "World Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc. are excellent organizations and will be valuable members of the PACEL family."

Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by forward-looking statements, including the impact of competition, the success of existing and new product releases, the management of our growth, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.

Gary Musselman of PACEL Corp., [phone]


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