posted
CHARLOTTE, N.C., June 27 /PRNewswire-FirstCall/ -- Pacel Corp. (OTC Bulletin Board: PCCR) projects that it will grow from its current state of a Human Resource Outsourcing company managing $26 million in payroll and benefits to a Payroll Management and Control (PMC) organization managing payroll and benefits in excess of $50 million by the end of 2006. Management believes profitability will rise to substantial and sustainable projected earning levels as medical and elder care markets are developed and as employee benefit programs are sold. Reducing costs through the use of outsourcing is a key objective of every business. Every non-revenue producing business process such as information technology, logistics, facilities management and accounting can normally be accomplished cheaper by a specialist who does nothing but that process. Incorporating outsourcing as a way of doing business brings economies of scale, higher levels of expertise and greater efficiency to the job. The fastest growing sector of Business Process Outsourcing (BPO) is Human Resource Outsourcing (HRO). HRO Today has estimated outsourcing all or part of human resource (HR) departments to be a $50 billion dollar industry in 2005 and provides services to nearly four million employees. Pacel Corporation (Pacel) is poised to be a major player in that industry. Pacel is a Human Resource Outsourcing and Professional Employer Organization (HRO/PEO) that provides integrated and costs effective approaches to Payroll Management and Control, as well as the management and administration of human resources. Pacel administers substantial employer rights, responsibilities and risks for its clients. The Company's HRO & PMC services include payroll services, benefits administration, governmental compliance, risk management, unemployment administration, and health, welfare and retirement plan benefits. Pacel's primary focus is on the medical and elder care industry's small to medium sized practices and facilities with five to five hundred employees, who spend 7% to 25% of their management's time handling employee-related matters. Robert W. Baid & Company citing research by Gartner Dataquest projects the US market for integrated multi-process HR outsourcing will have an annual growth of 50%. Small and medium sized practices and facilities need a more efficient way to handle routine tasks such as payroll administration, employment taxes, health, welfare, retirement and unemployment benefits, government compliance matters, worker's compensation insurance, and workplace safety and risk management. Pacel's HRO & PMC program is the answer. It all comes down to Pacel being able to provide human relations functions cheaper, faster, and more efficiently than an internal client process. Pacel accomplishes this efficiency by using the collective buying power of its entire client base thereby giving each client HR capabilities rivaling larger companies -- without the administrative and financial burdens normally associated with such program. Not only are Pacel's services and products aggressively priced so as to be less expensive then the general market's services and products, but also Pacel can tailor its services and products so each client has a unique customized package. This menu approach gives each client control over how much they want to offer and as such control over the cost of providing benefits to their employees. In effect, Pacel allows its client managements to focus on running their business rather then on the complicated and time consuming administrative tasks associated with employees. Pacel offers its client's efficiencies that actual improve their client's effectiveness in the market and profitability and improve their ability to attract and retain talented employees. By allowing the management of these small to medium sized business clients to focus on the "business of business" rather than the complicated and time consuming administrative tasks of managing human capital issues, the Company, in delivering its services, is well positioned to improve the efficiency of its clients' businesses and enhance their ability to be profitable in their chosen marketplace. Additionally, Pacel's human relations programs improve their clients planning and management of payroll cash flows and help manage all employment risks. Pacel has established the necessary national vendor relationships to effectively and competitively provide services to a broad range of clients. These relationships have also provided Pacel with new sources of revenue. In December 2004 Pacel reorganized its corporate structure re-aligning its operating units in a more efficient manner. Operating units with similar missions were consolidated into a single unit. Operating units with duplicative functions were eliminated. This reorganization significantly improved the corporate organizations resulting in a considerable reduction in operating costs. The restructuring also paved the way for a smooth incorporation of future acquisitions. Pacel completed its third acquisition in January 2005 acquiring a HRO/PEO company in Pittsburgh, PA. This acquisition strengthened Pacel's footprint in the Mid-Atlantic region. Pacel has demonstrated its ability to procure and integrate HRO/PEO companies from different regions and with different client bases into a single smooth operating organization. In May 2005, Pacel streamlined its operations after integrating the acquired company, eliminating duplicate positions and selling certain clients who did not fit within the projected target markets. This streamlining improved the efficiency of the internal operations and integrated each location into a single virtual center. This allows for the seamless administration of clients regardless of the location of our team. This restructuring will improve the company's bottom line by an estimated $400,000 per year while allowing management to focus on developing the specialized programs for the medical and elder care industries. This restructuring also allows Pacel to develop new sources of revenue from the sale of employee benefits that was previously unavailable. Pacel believes its increases in Payroll Management and Control services will grow organically, however, Pacel also anticipates targeting additional HRO acquisitions specializing in the medical arena. 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. SOURCE Pacel Corporation
Contact Information: John Hopf of Wall Street Financial Network, LLC, +1-212-825-7500, or Jhopf@************
-------------------- Do Da Due......But Be Damn Quick About It!!!!! Posts: 1656 | Registered: Sep 2004
| IP: Logged |
posted
HUGE upticks in the market depth preopen - goes from 15 to 26 to a buck in no time, ill be in at open
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
gonna be big, ask at 18 now, previous close 13
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
