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[QUOTE]Originally posted by SofaKingBad: [QB] This is why it will run soon.... Thursday June 10, 11:26 am ET CHARLOTTE, N.C., June 10 /PRNewswire-FirstCall/ -- Pacel Corporation (OTC Bulletin Board: PCCL - News) announced today that is has received an additional $250,000 dollars from Wall Street-based Compass Capital Group. This brings the total amount of capital raised for mergers and acquisitions to $2.5 Million. These funds will allow the company to implement a strategic plan for mergers and acquisitions within the PEO Industry. ADVERTISEMENT David Calkins, Chairman of the Board for Pacel, stated, "With the additional funds that Compass Capital Group has provided, we are very close to closing a major acquisition. The acquisition of (Rossar, LLC.) is expected to close by the end of June, 2004 and will provide an average of $11 Million annual increase in Gross Billings and approximately $ 630,000 in new revenues. This type of capital infusion will allow the company to proceed with our plan become a leading force in the PEO Industry." ---------------- Thursday June 3, 11:19 am ET CHARLOTTE, N.C., June 3 /PRNewswire-FirstCall/ -- Pacel Corp is projecting second quarter revenues of $1 million on $6.6 million in gross billings. [/QB][/QUOTE]
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