DALLAS, July 8, 2004 (PRIMEZONE) -- Wall Street Futures, a leading source of news and information for the small-cap investor, has identified two "stocks to watch" in the human resources (HR) outsourcing space: ProMana Solutions, Inc. (Pink Sheets:PSLU) and Pacel Corporation (OTCBB:PCCL)
ProMana is a provider of web-based software that enables end-to-end solutions for managing the entire spectrum of payroll, benefits, HR management and business processing outsourcing. The company released very positive earnings news this week; and in just the past six weeks, it also has announced two new branded partner agreements as well as the acquisition of a Source Code license for one of its primary applications. PSLU shares closed Wednesday at $0.35. At this price level, Wall Street Futures expects the stock will attract many aggressive investors and has awarded PSLU its highest rating of "Strong Buy".
Pacel provides HR outsourcing services -- including benefits, payroll and unemployment administration -- to small and medium-sized U.S. businesses. The company recently announced a strategic alliance with Lincoln Consulting, LLC to launch an aggressive marketing and sales initiative. Shares of PCCL closed Wednesday at $0.0027 on extraordinary volume for a pink sheet company. Wall Street Futures believes the company's renewed focus on marketing and acquisition-based growth could help the stock return to a level above $0.02.
Professional Employment Organizations, or "PEO" companies, are growing at a rate greater than 20 percent per year and most experts predict this level of growth is sustainable over the next decade as PEO's continue to capitalize on the HR outsourcing phenomenon. Wall Street Futures believes that small cap companies positioning themselves strongly in this sector should enjoy significant revenue and profit growth for years to come.
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