11 conference call, Gleason said that he had always been active with the group and had approved every loan originated by RESG since its inception 14 years ago.
The decision to devote more of his workday to RESG preceded the July 28 exit of Dan Thomas, vice chairman, chief lending officer and president of the group.
Pacel anticipates that the North Carolina headquarters will become the Eastern Regional Office for
RESG.
Pacel anticipates that the North Carolina headquarters will become the Eastern Regional Office for
RESG with an existing client base generating approximately $25 million in annual revenue.
MRG California LLC, a Beverly Hills, California human resource consulting firm is selling the assets to
RESG without any liabilities or encumbrances.
OTCBB:PCEL) announced today that as formerly announced it has completed the organization of
RESG and has issued the previously declared one-for-one dividend of its shares to stockholders of Pacel Corporation.
as of the close of business on December 10, 2002, and a distribution of Certificates of
RESG will be made on or before March 7, 2003, by our new transfer agent.
RESG) will be on a "when issued" basis and, further, that when a distribution of Certificates of
RESG is actually made, it will be to the shareholders of Pacel as at the close of business on December 10, 2002.
