Pacel Corp. Announces Cost Saving Corporate Re-alignment

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Pinnacor (MM)	NASDAQ:PCOR	NASDAQ	Common Stock

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Pacel Corp. Announces Cost Saving Corporate Re-alignment

11/11/2004 8:02pm

PR Newswire (US)

Pinnacor (NASDAQ:PCOR)
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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

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