PACEL Announces Intent to Acquire Virginia Based Human Resource Company
June 27 2006 - 8:53AM
PR Newswire (US)
CHARLOTTE, N.C., June 27 /PRNewswire-FirstCall/ -- PACEL
Corporation (OTC:PCLO) (BULLETIN BOARD: PCLO) announced today its
intent to purchase World Wide Personnel Services of Virginia, Inc.
World Wide Personnel Services of Virginia, Inc. is a human resource
outsourcing company headquartered in Winchester, Virginia. World
Wide is currently licensed as a professional employer organization
(PEO) by the state of Virginia and serves northern Virginia,
Maryland and eastern West Virginia. World Wide Personnel Services
of Virginia has over 40 clients from a large cross section of the
business community. The company has been operating since 2001 and
has enjoyed sustained growth over the last 5 years. The company
offers a full range of human resource functions to its clients,
including payroll processing, benefits administration, human
resource consulting and risk and safety assistance. "Acquiring
World Wide Personnel Services of Virginia complements our already
strong foothold in the mid-Atlantic region of the country," stated
Gary Musselman, President/CEO of PACEL. "We will be able to
increase the level of service to existing clients as well as be
able to expand the client base from the Winchester location. We are
convinced this is the next major growth area in Virginia and are
excited about the opportunity that exists with this acquisition.
This will be our fourth acquisition this year and is an important
part of our overall growth strategy for 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. DATASOURCE: PACEL Corp.
CONTACT: Gary Musselman of PACEL Corp., +1-704-643-0676
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