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[benefactor [KommA]]

[greenworld05]

warum sollte man die anschauen?

[Michiko]

Ich habe 3mal hingeschaut!

Und jetzt?

[benefactor [KommA]]

Enormes Handelsvolumen!

[benefactor [KommA]]

Pacel Enters $43 Billion PEO Market

MANASSAS, Va., Dec 4, 2002 (BUSINESS WIRE) -- Pacel Corp.
(OTCBB:PCEL) announced today that it has firmly established itself in the $43 billion a year PEO market by acquiring 100% of the assets of Dallas, TX based Benecorp in a cash and stock transaction.

Pacel CEO, David Calkins, stated, "The Benecorp acquisition will add revenue of approximately $20 million in revenues and provide a major first step in the execution of Pacel`s roll-up strategy of acquiring regional PEO`s."

The professional employer organization (PEO) industry, which began in the early 1990s, has experienced phenomenal growth as small businesses find handling employment-related federal and state regulations, payrolls and changing employee benefit packages increasingly difficult to manage.

According to industry experts, the PEO industry is growing by more than 35% every year. Ten years ago, the industry was in its infancy. Today, there are more than 2,000 PEOs in the United States, co-employing more than two million workers - from lawn maintenance workers to lawyers. It`s the direction business is taking.

According to the National Association of Professional Employers Organizations` 550 members constitute 70% of the $43-billion-a-year industry, the members have grown in gross revenues 25% to 35%, compounded annually, over the last six years.

Professional employers organization (PEO`s) provide payroll services, human resource management, insurance benefits, employee training, and risk management to companies across the United States. After hiring a PEO, a business owner can focus on the reasons he started the business.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.





CONTACT: Pacel Corporation, Manassas
Dave Calkins, 703/257-4759

URL: http://www.businesswire.com