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 (Date of earliest event reported): September 17, 2004
PACEL Corp.
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(Exact name of registrant as specified in its charter)
Virginia 000-29459 54-1712558
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
10108 Industrial Drive
Pineville, North Carolina 28134
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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 Security 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))
ITEM 8.01 Other Events
On September 13, 2004, the board of directors of Pacel Corp, a Virginia
corporation, declared a reverse stock split pursuant to which each 100 shares of
common stock will be converted to 1 share of common stock. As a consequence, the
company will convert the number of shares of its common stock that has been
issued and outstanding from 2,000,000,000 to 20,000,000. All fractional shares
shall be rounded up to the nearest whole share.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PACEL Corp.
(Registrant)
Date: September 17, 2004
By: /s/ Gary Musselman
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Gary Musselman, President, CEO and CFO