Paragon Technologies Inc (OTC:PGNT)

Letter to shareholders from 8/26/2013

Last year was a transformative year for Paragon, a year in which many significant changes took place that we believe creates the framework for significant growth and progress in the years to come. I’d like to share those changes and what they mean for our Company going forward.

Paragon is off to a good start thus far in 2013 as the Company earned $653,000 in operating income from revenues of $6.5 million during the six month period ending June 30, 2013. These results compare with an operating loss of $209,000 and revenues of $4.4 million in the six month period ended June 30, 2012, respectively. Shareholders may take a modest degree of comfort that Paragon’s new Board and executive management team are effectuating a turnaround only inasmuch as six months’ worth of results can provide.