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PACEL Announces Additional Acquisition in Maine 12/1/05
CHARLOTTE, N.C., Dec 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- PACEL Corporation (OTC Bulletin Board: PCCN) announced today that a letter of intent has been executed with United Personnel Services, Inc.
United Personnel Services, Inc. is a leading professional employer organization located in Maine. The combination of United Personnel Services, Inc. with the previously announced letter of intent executed with World Wide Personnel Services of Maine, Inc. gives PACEL a strong foothold in Maine. The combined annual billing of $11 to $12 million and gross profits exceeding $500,000 provides a strong base from which PACEL can grow the clients.
Gary Musselman, President/CEO of PACEL, stated, "We are committed to growing PACEL. Acquiring United Personnel Services, Inc. completes the foothold we need from which we can grow the business in Maine. We are excited about this acquisition and growth it brings to 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.
-------------------- Trading is a blast!!
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bought this poc yesterday at .0001....don't tell anyone my vegas play of the day...lol (unless of course i make $ on it selling at .0004 today hopefully so as not to become a bag holder