Paragon Technologies Files Form 15 To Suspend Exchange Act Reporting Obligations
* Reuters is not responsible for the content in this press release.
EASTON, Pa., May 11 /PRNewswire-FirstCall/ -- Paragon Technologies, Inc. (Pink
Sheets: PGNT), a leading supplier of "smart" material handling systems and
"software-driven" warehouse and distribution center solutions, announced today
that, in accordance with its previously announced intention, the Company filed
a Certification and Notice of Termination and Suspension of Duty to File on
Form 15 with the Securities and Exchange Commission ("SEC") to suspend its
reporting obligations under Section 15(d) of the Securities Exchange Act of
1934 ("Exchange Act").
As such, the Company expects to cease filing reports with the SEC effective
immediately. The Company expects that the deregistration of its common stock
will become effective 90 days after the date of filing of the Form 15 with the
SEC. The Company is eligible to deregister its common stock because it has
fewer than 300 shareholders of record of its common stock. Paragon
Technologies had previously delisted from the NYSE Amex by filing a Form 25 on
April 30, 2009.
Paragon's SI Systems' branded technologies drive productivity at Fortune 1000
companies and the United States Government.
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, 2008.
This press release and prior releases are available at www.ptgamex.com.
SOURCE Paragon Technologies, Inc.
Leonard S. Yurkovic, Acting CEO of Paragon Technologies, +1-610-252-3205, or
+1-610-252-3102, Fax
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters