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Pacel Corp. Announces Cost Saving Corporate Re-alignment
CHARLOTTE, N.C., Nov. 11 /PRNewswire-FirstCall/ -- Pacel Corp. (OTC:PCOR.OB)
(BULLETIN BOARD: PCOR.OB) Pacel Corp. announce that it is reorganizing its
corporate structure in order to lower cost through the elimination of duplicate
operations and gain operationally efficiencies with focused functional areas.
With the recent addition of RossarHR in Pittsburgh, Pacel Corp. continues to
expand its client base. In order to keep pace with this growth and anticipated
future growth, the Board of Directors and senior management undertook a
detailed examination of corporate alignment and operational responsibilities
and identified a number of areas that consolidation was necessary to reduce
costs.
The new corporate alignment places all Human Resource Outsourcing and PEO
companies under the Pacel subsidiary The Resourcing Solutions Group. Pacel's
Risk Management Consulting and insurance services move from The Resourcing
Solutions Group, Inc. to directly under Pacel.
With the introduction of Pacel's state of the art management system operational
duties can now be administered seamlessly in the various centers. Day to day
operations will continue in Charlotte. The Pittsburgh center will be
responsible for conversions of new clients and the Dallas center will be
responsible for workers' compensation claims administration.
"We believe this new structure and division of responsibilities between the
various offices allows us to respond to client needs in the most efficient
manner," stated Gary Musselman, President of Pacel Corp. "As we continue to
grow utilizing the strengths of our staff in a seamless operation allows us to
offer the best possible service."
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;
(iv) 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 Corp.
CONTACT: John Hopf of Wall Street Financial Network, LLC,
+1-212-825-7500, or