Paragon Technologies Amends Its Existing Stock Repurchase Program

$4.4 Million Available for Stock Repurchases

EASTON, Pa., Aug. 27 /PRNewswire-FirstCall/ -- Paragon Technologies, Inc.
(Amex: PTG), a leading supplier of "smart" material handling solutions,
including systems, technologies, products and services, announced today that
its Board of Directors amended its existing stock repurchase program by
increasing the amount it has authorized management to repurchase from up to
$17,000,000 of the Company's common stock to up to $20,000,000. The stock
repurchases may, at the discretion of the Company's management, be made from
time to time on the open market or in privately negotiated transactions.
Under the stock repurchase program, the Company may repurchase shares of its
common stock from time to time in compliance with SEC regulations and subject
to market conditions. The stock repurchase program does not require the
Company to acquire any specific number of shares, and the Company may
terminate the program at any time. To date, cash expenditures for stock
repurchases under the existing stock repurchase program have amounted to
approximately $15,584,000. Subject to the $20,000,000 limitation, of which
approximately $4,416,000 remains available for repurchases, the timing and
quantity of any stock repurchases will be at the sole discretion of the
Company.
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems
and creating automated solutions for material flow applications. SI Systems'
branded technologies and material handling solutions address unit assembly in
manufacturing operations and order fulfillment applications. One of the top
material handling systems suppliers worldwide, SI Systems leading clients have
included the United States Postal Service, BMG, Peterbilt, Honda, and
Maybelline.
Cautionary Statement. Certain statements contained herein are not based
on historical fact and are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and the Securities and
Exchange Commission rules, regulations and releases. Paragon intends that
such forward-looking statements be subject to the safe harbors created hereby.
Among other things, the forward-looking statements regard Paragon's earnings,
liquidity, financial condition, review of strategic alternatives, and other
matters. Words or phrases denoting the anticipated results of future events,
such as "anticipate," "does not anticipate," "should help to," "believe,"
"estimate," "is positioned," "expects," "may," "will," "is expected,"
"should," "continue," and similar expressions that denote uncertainty, are
intended to identify such forward-looking statements. Paragon's actual
results, performance, or achievements could differ materially from the results
expressed in, or implied by, such "forward-looking statements:" (1) as a
result of factors over which Paragon has no control, including the strength of
domestic and foreign economies, sales growth, competition, and certain cost
increases; and (2) if the factors on which Paragon's conclusions are based do
not conform to its expectations. The forward-looking statements contained in
this press release may become outdated over time. Paragon does not assume any
responsibility for updating any forward-looking statements. Furthermore,
achievement of the objectives of the Company is subject to certain risks,
including, but not limited to, those risks outlined in Paragon's filings with
the Securities and Exchange Commission, including its annual report on Form
10-K for the year ended December 31, 2007 and the most recent quarterly report
on Form 10-Q for the quarter ended June 30, 2008.
This press release and prior releases are available at
http://www.ptgamex.com.
SOURCE Paragon Technologies, Inc.

Len Yurkovic, Acting CEO of Paragon Technologies, Inc., +1-610-252-3205, Fax,
+1-610-252-3102