Pacel Corp. has sites on closing of 1st round acquisitions.

Manassas, VA Monday, September 23, 2002 (Business Wire) -- Pacel Corp. (OTCBB: PCEL)

EntreMetrix, a wholly owned subsidiary of Pacel Corporation narrows its evaluation of the many acquisition scenarios the company has been pursuing. Since the launch of our acquisition strategy the number of opportunities we have been evaluating has grown rapidly which has allowed us to move very selectively in this process" stated Scott W. Absher of NeoTactix, Pacels advisor. Absher continued stating that we have been able align several PEO acquisitions that we plan to close serially before the end of the year".

Dave Calkins, Pacels Chairman went further by saying Get ready for great things over the next few weeks. We are about to deliver on what we have been working so patiently to get done". Calkins added that despite the timeline running longer than we had hoped, we believe that Pacel shareholders will be very pleased with what unfolds and we have appreciated their patience".

The company continues toward its goal of consolidating through acquisition a national footprint within the Professional Employer industry and expects to exceed a profitable $100 Million in annualized revenue in the execution of its strategy.

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