إعلان جديد
CHARLOTTE, N.C., March 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- PACEL Corp.
(OTC Bulletin Board: PCCE) PACEL Corp. announces that it will close the
acquisition of World Wide Personnel Services of Maine, Inc. on Thursday, March
23, 2006. 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. PACEL Corp. completed the acquisition of United Personnel
Services, Inc. in early March 2006.
World Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc.
are leading Professional Employer Organizations in Maine. Combined these two
companies will generate approximately $500,000 in gross profit for PACEL Corp.
and will approximately double PACEL Corp.'s revenue.
This acquisition combined with the acquisition of United Personnel Services,
Inc. extends PACEL Corp.'s operating footprint to the Northeast area of the
country giving us a strong presence along the Atlantic coastline.
"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. is an excellent organization and will be valuable
members of the PACEL family."
World Wide Personnel Services of Maine, Inc. will continue to operate with the
current management team and continue to serve their client base.
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.
SOURCE PACEL Corp.