UPDATE-Shareholder of Pacel Corp. (PCCN) Requests Confirmation of the Number of Outstanding Shares

This is an update to a release on November 26, 2005 "Shareholder of Pacel Corp. (PCCN) Requests Confirmation of the Number of Outstanding Shares."

Atlanta, GA (PRWEB) December 30, 2005 -- As stated in a release dated November 26, 2005, Ryan Schadel, a shareholder of Pacel Corp. (PCCN), sent a letter to the corporate office of Pacel Corp. requesting confirmation of the number of outstanding shares of the company's common stock (Please see release dated 11/26/05).

"I expected some sort of response by now", said Mr. Schadel. "I have left several messages for company management as well but have received no correspondence. It is imperative that shareholders have access to accurate information regarding the company's capital structure. I have been contacted by other shareholders seeking access to this information as well. The company's stock is still trading at volume levels much higher than the number of outstanding shares the company has reported to the SEC. Under the circumstances, the shares are virtually worthless at this point."

Mr. Schadel says he intends to drive to the corporate office of Pacel Corp. to meet with company management if he does not receive the requested information by January.

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