Pacel Corp. Announces Cost Saving Corporate Re-alignment
November 11 2004 - 2:02PM
PR Newswire (US)
Pacel Corp. Announces Cost Saving Corporate Re-alignment CHARLOTTE,
N.C., Nov. 11 /PRNewswire-FirstCall/ -- Pacel Corp. (OTC:PCOR.OB)
(BULLETIN BOARD: PCOR.OB) Pacel Corp. announce that it is
reorganizing its corporate structure in order to lower cost through
the elimination of duplicate operations and gain operationally
efficiencies with focused functional areas. With the recent
addition of RossarHR in Pittsburgh, Pacel Corp. continues to expand
its client base. In order to keep pace with this growth and
anticipated future growth, the Board of Directors and senior
management undertook a detailed examination of corporate alignment
and operational responsibilities and identified a number of areas
that consolidation was necessary to reduce costs. The new corporate
alignment places all Human Resource Outsourcing and PEO companies
under the Pacel subsidiary The Resourcing Solutions Group. Pacel's
Risk Management Consulting and insurance services move from The
Resourcing Solutions Group, Inc. to directly under Pacel. With the
introduction of Pacel's state of the art management system
operational duties can now be administered seamlessly in the
various centers. Day to day operations will continue in Charlotte.
The Pittsburgh center will be responsible for conversions of new
clients and the Dallas center will be responsible for workers'
compensation claims administration. "We believe this new structure
and division of responsibilities between the various offices allows
us to respond to client needs in the most efficient manner," stated
Gary Musselman, President of Pacel Corp. "As we continue to grow
utilizing the strengths of our staff in a seamless operation allows
us to offer the best possible service." The statements contained in
this press release that are not historical facts are
forward-looking statements that involve a number of risks and
uncertainties. Therefore, the actual results of future events
described in such forward-looking statements could differ
materially from these stated in such forward-looking statements.
Among the factors that could cause actual results to differ
materially are: (i) regulatory and tax developments; (ii) the
effectiveness of the Company's sales and marketing efforts; (iii)
changes in the competitive environment of the industry; (iv)
changes in general economic conditions;(v)changes in the Company's
direct costs and operating expenses; (iv) the estimated costs and
effectiveness of capital projects and investments in technology and
infrastructure; (vii) Management's ability to effectively implement
its business strategy. These factors are described in further
detail in filing with the Securities and Exchange Commission.
DATASOURCE: Pacel Corp. CONTACT: John Hopf of Wall Street Financial
Network, LLC, +1-212-825-7500, or
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