Paragon Technologies
Retains Portfolio PR For Investor Relations
EASTON, PA · August 2, 2000 - Paragon
Technologies, Inc. (AMEX:PTG), a leading deliverer of "smart"
materials handling systems, technologies, products and services,
today announced that it has retained PortfolioPR, a New
York-based investor and public relations firm, to support
the Company in the area of investor relations.
Commenting on the appointment, Bill Johnson,
Chief Executive Officer, said, "Paragon Technologies' outlook
for the rest of the year is one of great opportunity as
we continue to execute our strategic transformation to the
higher margin specialized business model. We are especially
excited about our ability to both transform our traditional
clientele with our technologies, and act as a fulfillment
solutions center."
"We've engaged PortfolioPR to communicate
our Company's value to the financial community, press, and
the public because of their unique combination of investor
relations skills, hands-on business experience, and presentation
technology expertise. They will enable us to communicate
our long-term strategy, significant events, and major accomplishments
efficiently and effectively as we target a greater awareness
of Paragon."
Paul Holm, PortfolioPR principal, stated,
"We are excited about bringing Paragon to the attention
of the investment community. Formerly, an old-line industrial
equipment company, it has transformed itself into a total
fulfillment solutions and "smart" conveyer systems provider
to leading companies in the computer, pharmaceutical, transportation,
and entertainment products industries. As already evident
from this year's financial and business developments, Paragon
is anticipating a strong future."
About PortfolioPR: PortfolioPR is a dynamic
and innovative investor and public relations firm dedicated
to first-rate customer service. It is grounded in three
areas of expertise: investor and public relations skills,
hands-on business experience, and expertise in state-of-the-art
presentation technology. With its strategic alliance with
Chicago-based Kurman Communications, a leading public relations
firm, and PresentationExcellence, a presentation coaching/consulting
firm, PortfolioPR is able to help their clients truly stand
out. It currently services clients in the United States,
Canada, and Israel.
About Paragon Technologies
Paragon Technologies is a leader in integrating materials handling systems and
creating automated solutions for material flow applications. Ermanco's branded
conveyor technologies and material handling solutions address the needs of the
distribution, assembly, and manufacturing marketplace. SI Systems' branded technologies
and material handling solutions address unit assembly handling and order fulfillment
applications. Paragon Technologies' Quality Management System at its Easton,
Pennsylvania location is certified to the ISO 9001 standard. The scope of the
Quality Management System governs the design, manufacture, assembly, installation,
and servicing of automated materials handling and distribution systems. One
of the top materials handling systems suppliers worldwide, Paragon's leading
clients include the United States Postal Service, General Motors, IBM, BMG,
Daimler Chrysler, Johnson & Johnson, Ford, Peterbilt, Harley-Davidson, Walgreens,
and Clark Equipment.
Certain statements contained
herein are not based on historical fact and are to be viewed as "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Words or phrases used in this News Release denoting the anticipated
results of future events, such as " believe," "affords us,"
"grow," "will be," "will spur additional opportunities,"
and similar expressions that denote optimism and uncertainty, are intended to
identify such forward-looking statements. SI Handling's actual results, performance,
or achievements could differ materially from the results expressed in, or implied
by, such "forward-looking statements" if the factors on which their
conclusions are based do not conform to their expectations.
