PACEL Continues to Expand in North and South Carolina

Name	Symbol	Market	Type
Virtus Seix Aaa Private Credit Clo ETF	AMEX:PCLO	AMEX	Exchange Traded Fund

Name

Symbol

Market

Type

Virtus Seix Aaa Private Credit Clo ETF

AMEX:PCLO

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	25.08				0	09:09:59

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

0.00

0.00%

25.08

09:09:59

PACEL Continues to Expand in North and South Carolina

31/07/2006 9:33pm

PR Newswire (US)

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CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- PACEL Corporation (OTC:PCLO) (BULLETIN BOARD: PCLO) announced today its intent to purchase client contracts from Capital Resource Solutions, LLC. Capital Resource Solutions, LLC is a human resource outsourcing company headquartered in Clayton, North Carolina. Capital Resource Solutions has clients in both North and South Carolina. The company has been operating since 2004 and has a broad cross section of clients with a concentration in the elder care industry. 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 the contracts of Capital Resource Solutions complements our already strong foothold in the mid-Atlantic region of the country and should bring approximately $400,000 in annual revenue to PACEL," 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 suburban Raleigh location. The concentration in the elder care industry complements our growth plans. This will be our fifth 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., +1-704-643-0676

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PCLO Virtus Seix Aaa Private Credit Clo ETF