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[QUOTE]Originally posted by 68RS-SS: [QB] Looks like they have been pursuing an aquisition strategy for awhile now. Acquisition Timeline PACEL plans the following Professional Employment Organization/ Administrative Service Organization acquisition schedule for 2003: 1st quarter 2003 identify and qualify acquisition targets of opportunity 2nd quarter 2003 acquire targets of opportunity to generate a $100 Million dollar revenue stream 3rd quarter 2003 acquire targets of opportunity to generate a total of $250 Million dollar revenue stream. 4th quarter 2003 Consolidate acquisitions, reduce costs, improve cash flow and profitability Toward fulfillment of this schedule, in April of 2003, PACEL Corp. completed the purchase of BeneCorp., a Texas based professional service company providing comprehensive management services to small and medium sized businesses. Operating since May 1986, BeneCorp has an established client base of around 30 clients, which it hope to increase by 20% within the next 12 months. A second acquisition was also completed in April of 2003. PACEL Corp. acquired the North Carolina firm of Asmara, a PEO company with approximately 50 customers in the North Carolina and Florida area. With the addition of Asmara, PACEL's PEO client base has grown to approximately 80. Source : Pacel.com Cheers 68 [/QB][/QUOTE]
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