UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date of Report: March 24, 2005
Date of earliest event reported: February 15, 2005
PACEL CORP.
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(Exact name of registrant as specified in its charter)
Nevada 000-29459 54-1712558
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
7621 Little Ave. Suite 101, Charlotte, North Carolina 28226
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 643-0676
N/A
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(Former name or former address, if changes since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2 below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
SECTION 1- REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Effective February 15, 2005, the registrant through its subsidiary, The
Resourcing Solutions Group, Inc. entered into a Strategic Alliance Agreement
with Critical Point LLC ("Critical). Though the Agreement is effective as of
February 15, the registrant received the signature of the authorized
representative of Critical Point on March 21, 2005. This accounts for the filing
at this time.
The Agreement has three components:
o Critical Point will allow the registrant access to Critical Point's
data base of employee benefits providers. This will allow the
registrant and Critical Point to engage in the joint marketing of their
respective services to both employers and the third party benefits
providers;
o Critical Point will provide third-party administrator services to the
registrant's clients;
o The registrant will become a reseller of insurance products for which
Critical Point now acts a wholesaler.
The complete Agreement is attached as an exhibit.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 EXHIBITS
Exhibit No. Description
10.1 Strategic Alliance Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Pacel Corporation
Dated: March 24, 2005 By: /s/ GARY MUSSELMAN
President