Pacel Announces Financial Improvement During 3rd Quarter With Filing of 10QSB

Pacel Announces Financial Improvement During 3rd Quarter With
Filing of 10QSB 


CHARLOTTE, N.C., Nov. 19  /PRNewswire-FirstCall/ -- Pacel Corp. (OTC:PCOR.OB)
(BULLETIN BOARD: PCOR.OB)  announces the filing of its form 10QSB for the third
quarter ending September 30, 2004.

Pacel continues its strategy of penetrating the Human Resource Outsourcing
marketplace in an aggressive manner. Management believes that continuing to
aggressively pursue small to mid-sized businesses, providing Human Resource
(HR) related services in the areas of payroll, benefits administration and risk
and safety management, will provide significant and steady revenue to the
company.

The company made a major investment in new technology during the third quarter
and will have its new state of the art HR information system fully operational
by the end of the 4th quarter.

Current management continues to make significant improvements in the company's
balance sheet. A major focus on reducing liabilities while preserving assets
continues. Overall Liabilities have been reduced by approximately 20% since the
end of 2003.  Assets, except those related to the timing of client advance
payments, continue to grow. Aggressive management and consolidating functions
and offices has reduced the general and administrative expenses of the company
by over 15% compared to the same period in 2003. This reduction in expenses has
permitted an increased expense in sales and marketing while still reducing
overall operating expenses by 11%.

The revamping of the sales and marketing efforts are beginning to show the
early signs of generating new and future revenue. Leads for new sales have
increased by over 300% since the beginning of the quarter. Management believes
this trend will continue and revenue will increase.

"Our focus has been to deliver our services at the highest possible quality
while reducing our internal costs. Investments in improved systems and
management practices are beginning to have a positive impact on our financial
statements." stated Gary Musselman, President of Pacel Corp. "Our belief is
these trends will continue and our need to rely on outside financing will
diminish."

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 these 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 filing with the Securities and Exchange Commission. 

DATASOURCE: Pacel Corporation



CONTACT:  John Hopf of Wall Street Financial Network, LLC,

[phone], or  

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