PACEL Announces Intent to Acquire Virginia Based Human Resource Company

CHARLOTTE, N.C., June 27  /PRNewswire-FirstCall/ -- PACEL Corporation (OTC:PCLO) (BULLETIN BOARD: PCLO)  announced today its intent to purchase World Wide Personnel Services of Virginia, Inc.

World Wide Personnel Services of Virginia, Inc. is a human resource outsourcing company headquartered in Winchester, Virginia. World Wide is currently licensed as a professional employer organization (PEO) by the state of Virginia and serves northern Virginia, Maryland and eastern West Virginia.

World Wide Personnel Services of Virginia has over 40 clients from a large cross section of the business community. The company has been operating since 2001 and has enjoyed sustained growth over the last 5 years. The company offers a full range of human resource functions to its clients, including payroll processing, benefits administration, human resource consulting and risk and safety assistance.

"Acquiring World Wide Personnel Services of Virginia complements our already strong foothold in the mid-Atlantic region of the country," stated Gary Musselman, President/CEO of PACEL. "We will be able to increase the level of service to existing clients as well as be able to expand the client base from the Winchester location. We are convinced this is the next major growth area in Virginia and are excited about the opportunity that exists with this acquisition.  This will be our fourth acquisition this year and is an important part of our overall growth strategy for PACEL."

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, other risk factors inherent in the Internet, and extreme sports industries, 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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