PACEL Corp. Files Final Acquisition Documents

CHARLOTTE, N.C., June 19  /PRNewswire-FirstCall/ -- PACEL Corp. (OTC:PCLO) (BULLETIN BOARD: PCLO)  filed the final acquisition documents for World Wide Personnel Services of Maine and United Personnel Services on Friday, June 16, 2006.

As demonstrated in the 8-K/A pro forma for 2005, the acquisition of World Wide and United more than doubles PACEL's gross revenue and almost doubles PACEL's gross profit. For the first quarter of 2006, the pro forma demonstrates the combined revenue is more than 3 times the PACEL only revenue and the gross profit is double the PACEL only gross profit.

Combined, these companies increase the work site employees under management by over 700 and increase the client base by over 70 clients. All the clients and employees are in Maine thus providing PACEL a strong presence in the northeast region of the country.

"This acquisition demonstrate our growth strategy adding profitable companies that increase our market share and operating territory," stated Gary Musselman, President/CEO of PACEL Corp. "Completing the acquisition of World Wide Personnel of Maine and United Personnel is just one step in our growth plans."

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. 

DATASOURCE: PACEL Corp.



CONTACT:  Gary Musselman of PACEL Corp., [phone]

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