$PGNT Paragon CEO acquired shares on open marketOfficer/Director/Affiliate Stock Transactions | 05/25/2022

On May 20, 2022, Hesham M. Gad, Chief Executive Officer of Paragon Technologies, Inc., symbol PGNT ("the Company") completed the acquisition of 2,009 shares of the Companys common stock in the open market; 1549 shares and 460 shares on the 19th and the 20th, respectively.

$PGNT Paragon Technologies Issues Letter to Rubicon Technology ShareholdersPress Release | 04/27/2022

EASTON, PA / ACCESSWIRE / April 27, 2022 /

To Shareholders of Rubicon Technology:

As many of you may know, Paragon Technologies, Inc. (OTC:PGNT), ("Paragon"), has been a shareholder of Rubicon Technology (NASDAQ: RBCN), ("Rubicon") for more than five years. During that time, Paragon sought representation on Rubicon's board based on our view that the company's management and directors have failed to enhance shareholder value or reverse the company's persistent failure to generate positive financial results. Five years is more than enough time to expect meaningful results. At the end of 2021 Rubicon's share price stood at approximately $9.00, compared to approximately $8.00 per share at December 31, 2017, a 12% total return versus the NASDAQ and S&P 500 which returned over 135% and 91%, respectively, over the comparable period. We firmly believe that the board has fundamentally failed in their fiduciary responsibilities.

Specifically:

The company has not generated any profitable operations for the last five years since Rubicon appointed its current CEO, Timothy E. Brog.

While failing to show any profits and a stock price return of approximately 2% a year during the past five years (versus over 20% per year for the NASDAQ) the board has awarded its CEO over 100,000 shares worth over $1 million, representing approximately four percent (4%) of currently outstanding shares.
Has compensated the CEO, on average, more than $ $600,000 annually although he has yet to consummate a single meaningful or profitable acquisition during the past five years or make any significant operational change to reverse the company's decaying financial position; and
The Board and management have yet to present shareholders with a comprehensive plan to realize on company' cash position or NOLs.

Most recently, we became aware of information that concerned us enough to engage with the company's Chairman. Essentially, those discussions proved fruitless as we received no commitment for the board that they would investigate the allegations related to company's CEO.

With Rubicon's stock price virtually unchanged over these last five years, the financial returns to shareholders have been subordinated to the financial interests of management and the directors charged to be the representatives of the shareholders. They are the only people who have benefited financially over that period.

We believe shareholders have been more than patient and that it is now time for Rubicon's board to immediately put forward a plan that will demonstrate to shareholders their ability to create and sustain shareholder value. It is time that the Rubicon Board and Mr. Brog provide us with specifics of their plans and intentions for the company to justify Mr. Brog's cash and equity compensation. In 2021, Rubicon stock began the year at $9.05 per share and ended 2021 at $8.97 per share reflecting a loss of almost 1% while the NASDAQ rose almost 21%. Clearly, Rubicon shareholders continue to get the short end of the stick.

It is time that the Rubicon board become more focused on shareholder value. In February, Paragon filed a plan to restructure and revitalize Rubicon, outlining specific catalysts we believe will revitalize Rubicon for the benefit of its shareholders. Our attempts to agitate for better shareholder representation continue to be met with stonewalling by a board that believes the company's shareholders will continue to accept the abject failures of the past five years.

Our intentions for Rubicon are singular: after 5 years of stagnation, we believe there is a path to deliver a catalyst that will revitalize the company. We believe we have such a plan and that our plan is focused, urgent, intentional, and transparent. We encourage all shareholders to review our February filing with the SEC.

Unfortunately, it is becoming more apparent that Rubicon's current Board and management are acting in their own best interests rather than the best interests of both Rubicon and its shareholders. How else can you explain why a director, obligated to act as a fiduciary to shareholders, when presented with a plan and possible catalyst for the company, a plan they have been unable to produce over the past five years, refuse to give it any shred of consideration?

Please join us in demanding:

More accountability from the board of Rubicon and company management.
That the Board and CEO defer their 2022 compensation until they announce a profitable business acquisition that will unlock shareholder value by delivering real profits to Rubicon and utilize Rubicon's decaying NOL's: and
Greater transparency from the board on exactly what plan they have for unlocking shareholder value together with a timeline and milestones for achieving those objectives.

We hope that you too will become advocates for change at Rubicon. After the past five years, as shareholders, we cannot have another year or more of the same share price stagnation, decaying NOL's, and a business without any material operations compensating the CEO as if Rubicon was a functioning a living operating company. If you are a likeminded shareholder to Paragon, please reach out so that we can work together to bring about the necessary change to create real shareholder value and board representation reflective of that objective.

--------------

Paragon Technologies, Inc. intends to make a filing with the Securities and Exchange Commission (the "SEC") of a proxy statement and accompanying proxy card to be used to solicit votes for the election of director nominees at the 2022 annual meeting of shareholders of Rubicon Technology, Inc., a Delaware corporation (the "company").

Paragon Technologies, Inc. is the beneficial owner of 82,654 shares of common stock of the company, par value $0.001 per share ("Common Stock"), and Hesham M. Gad is the direct beneficial owner of an additional 700 shares of Common Stock. Mr. Gad serves as Chief Executive Officer and Chairman of the Board of Paragon Technologies, Inc.

Paragon Technologies, Inc., Mr. Gad, and Paragon's director nominees will be the participants in the proxy solicitation. Updated information regarding the participants and their direct and indirect interests in the solicitation, by security holdings or otherwise, will be included in Paragon's proxy statement and other materials filed with the SEC. SHAREHOLDERS OF THE COMPANY SHOULD READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION RELATING TO THE COMPANY'S ANNUAL MEETING, PARAGON'S SOLICITATION OF PROXIES AND PARAGON'S NOMINEES TO THE BOARD. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT WWW.SEC.GOV OR FROM PARAGON TECHNOLOGIES, INC.

$PGNT Correction of Officer Stock Transaction Posted on 4/1/2022 at 11:58 AM:Officer/Director/Affiliate Stock Transactions | 04/01/2022

On March 31, 2022, Hesham M. Gad, Chief Executive Officer of Paragon Technologies, Inc. ("the Company") acquired 1,200 shares of the Companys common stock. Earlier today it was reported in error that Mr. Gad acquired 12,000 shares of the Companys common stock. Please note that the correct amount is 1,200 shares.

$PGNT Correction of Officer Stock Transaction Posted on 4/1/2022 at 11:58 AM:Officer/Director/Affiliate Stock Transactions | 04/01/2022

On March 31, 2022, Hesham M. Gad, Chief Executive Officer of Paragon Technologies, Inc. ("the Company") acquired 1,200 shares of the Companys common stock. Earlier today it was reported in error that Mr. Gad acquired 12,000 shares of the Companys common stock. Please note that the correct amount is 1,200 shares.

Earnings are out for $PGNT. Net income for the year of $3.4 million with a market cap of only $10.9. This stock is undervalued. Should rise this year.

$PGNT - blows my mind that this stock has a market cap of only $10.9 million while yearly revenues in a pandemic year are $142 million and net income of $3.4 million. Has diversified income stream. This is an invest and forget stock! https://t.co/guH8dQVZ1P

— FredZ (@AgInAustin1) March 29, 2022

Talk about low float!

Hey

$PGNT Paragon Technologies News Release
Press Release | 11/15/2021
EASTON, PA / ACCESSWIRE / November 15, 2021 / Paragon Technologies, Inc. (OTC PINK:PGNT), a holding company, announced its results for the three and nine months ended September 30, 2021, on November 15, 2021.

Paragon Technologies, Inc.'s Consolidated Statement of Operations for the three and nine months ended September 30, 2021 and 2020 are summarized below. For further detail on our results, shareholders should carefully review our quarterly report, which can be found at www.pgntgroup.com.

Three Months Ended Nine Months Ended
September 30, September 30, September 30, September 30,
(In Thousands)
2021 2020 2021 2020
Net Sales
$ 36,771 $ 28,873 $ 100,958 $ 76,719
Operating Income
2,109 1,203 4,269 3,041
Other income (expense)
Interest Income
2 3 8 9
Interest expense
(78 ) (127 ) (250 ) (515 )
Employee retention credit
- - 138 -
Realized gain (loss) on investment,
marketable securities
(10 ) (5 ) (404 ) 39
Unrealized gain (loss) on investment,
equity securities
(107 ) 67 (25 ) 1
Gain on sale of fixed assets
- - 1 -
PPP loan forgiveness
- - - 10
Grant Income
26 15 43 15
Total Other Income (Expense)
(167 ) (47 ) (489 ) (441 )
Income before taxes and noncontrolling
1,942 1,156 3,780 2,600
Interest
Income tax expense
861 393 1,726 923
Net income before noncontrolling interest
1,081 763 2,054 1,677
Net income attributable to noncontrolling
interest
189 45 396 114
Net income attributable to Paragon
Technologies, Inc. and Subsidiaries $ 892 $ 718 $ 1,658 $ 1,563
Analysis of Results and General Business Commentary:

In 2018 newly issued accounting rules required that all companies record any unrealized losses or gains from equity investments in the income statement.

Paragon's investment gains or losses reflect realized gains or losses in the company's investment portfolio. Paragon utilizes pre-tax operating income, a non-GAAP financial measure, in its analysis of financial results. Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company.

During the year ended December 31, 2020, the World Health Organization declared the coronavirus outbreak (COVID-19) a pandemic. The impact of COVID-19 could negatively impact the Company's operations. The extent to which COVID-19 could impact the Company's results will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of COVID-19 and actions taken to contain COVID-19 or its impact, among other factors.

About Paragon Technologies

Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate and investments.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company's operations, financial condition and performance and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, those related to: general economic conditions, including those in the markets in which the Company operates; the Company's ability to expand its revenue streams; technological changes in the Company's industry; the continued acceptance of the Company's distribution channel by vendors and customers; decreased demand for the Company's products and services and the Company's ability to retain or replace its significant customers; factors affecting the capital markets and share prices generally; economic and political risks of selling products in foreign countries, including risks of non-compliance with U.S. and foreign laws and regulations; cybersecurity risks and risks of damage and interruptions of information technology systems; and the Company's ability to complete acquisitions, strategic investments, divestitures, mergers or other transactions on acceptable terms or at all. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors, nor can management assess the impact of all such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All statements in this press release other than statements that are purely historical are forward-looking statements. The Company does not intend and assumes no obligation, to update any forward-looking statements made in this press release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

For further information, contact the company at info@pgntgroup.com.

SOURCE: Paragon Technologies, Inc.



View source version on accesswire.com:
https://www.accesswire.com/673005/Paragon-Technologies-News-Release

Q is out and it’s a good one

Hoping for good earnings for this quarter also. Nice company.

new blog post

I wrote up PGNT on my blog. Couldn't help myself after that amazing Q4

http://www.nonamestocks.com/2021/04/pgnt-for-you-and-me.html

$PGNT Paragon Technologies News Release
Press Release | 11/12/2020
EASTON, PA / ACCESSWIRE / November 12, 2020 / Paragon Technologies, Inc. (OTC Pink:PGNT), a holding company, announced its results for the three and nine months ended September 30, 2020 and 2019, on November 12, 2020.

Paragon Technologies, Inc.'s Consolidated Statement of Operations for the three and nine months ended September 30, 2020, and 2019 are summarized below. For further detail on our results, shareholders should carefully review our quarterly report, which can found at www.pgntgroup.com.

Three Months Ended Nine Months Ended
(In Thousands)
September 30,
2020
September 30,
2019
September 30,
2020 September 30,
2019
Net Sales
$ 28,873 $ 30,842 $ 76,719 $ 81,794
Operating Income
1,203 737 3,041 1,653
Other income (expense):
Interest Income
3 8 9 19
Interest expense
(127) (141) (515) (374)
Realized gain (loss) on investment, marketable securities
(5) (50) 39 (58)
Unrealized gain on investment, equity securities
67 74 1 90
PPP Loan Forgiveness
- - 10 -
Grant Income
15 - 15 -
Total other income (expense)
(47) (109) (441) (323)
Income before income taxes and noncontrolling interest
1,156 628 2,600 1,330
Income tax expense
393 277 923 638
Net income before noncontrolling interest
763 351 1,677 692
Net income attributable to noncontrolling interest
45 56 114 138
Net income attributable to Paragon Technologies, Inc and subsidiaries
$ 718 $ 295 $ 1,563 $ 554
Analysis of Results and General Business Commentary:

"Our results were favorably impacted by a strong backlog in our automation business entering into 2020 along with a keen focus on operational efficiencies. Entering into 2021, however, our automation backlog is substantially lower than last year," stated Sham Gad, Chairman and CEO of Paragon. "Our business approach remains focused on the long-term performance of our entire organization."

In 2018 newly issued accounting rules required that all companies record any unrealized losses or gains from equity investments in the income statement.

Paragon's investment gains or losses reflect realized gains or losses in the company's investment portfolio. Paragon utilizes pre-tax operating income, a non-GAAP financial measure, in its analysis of financial results. Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company.

About Paragon Technologies

Paragon Technologies and its subsidiaries engage in diverse business activities including material handling, distribution and real estate services.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company's operations, financial condition and performance and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, those related to: general economic conditions, including those in the markets in which the Company operates; the Company's ability to expand its revenue streams; technological changes in the Company's industry; the continued acceptance of the Company's distribution channel by vendors and customers; decreased demand for the Company's products and services and the Company's ability to retain or replace its significant customers; factors affecting the capital markets and share prices generally; economic and political risks of selling products in foreign countries, including risks of non-compliance with U.S. and foreign laws and regulations; cybersecurity risks and risks of damage and interruptions of information technology systems; and the Company's ability to complete acquisitions, strategic investments, divestitures, mergers or other transactions on acceptable terms or at all. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors, nor can management assess the impact of all such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All statements in this press release other than statements that are purely historical are forward-looking statements. The Company does not intend and assumes no obligation, to update any forward-looking statements made in this press release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

SOURCE: Paragon Technologies Inc.

PGNT Quarterly report
https://backend.otcmarkets.com/otcapi/company/financial-report/262772/content

Looks like she is waking up. Low float here
$PGNT

$PGNT Paragon Technologies Succeeds in Postponing AeroCentury's Annual Meeting - Looks Forward to a Constructive Dialogue Towards Appointing Paragon's Director Nominees
Press Release | 06/24/2020
ATLANTA, GA / ACCESSWIRE / June 24, 2020 / Paragon Technologies, Inc., (OTC PINK:PGNT) one of the largest shareholders of AeroCentury Corp., is pleased to report that AeroCentury Corp. (NYSE American:ACY) has announced it will postpone its 2020 annual meeting originally scheduled for June 9, 2020 to the new date of September 15, 2020.

"This is an important first win for shareholders of not only AeroCentury but other companies who may find themselves unable to have their voice heard at annual meetings," noted Sham Gad, Chairman and CEO of Paragon.

Mr. Gad continues, "Now that we have given shareholders appropriate time, we are looking forward to beginning prompt and timely discussions with AeroCentury in appointing our two nominees to the Board. Our objective from day one, which has been communicated to AeroCentury, remains unchanged - to provide added perspective and lend a constructive and helping hand. We were not surprised by the Company's first quarter operating performance - revealing the rapid decline in the business - and the Company's going concern disclosure about its future survival, but our focus is on the future and not the past."

AeroCentury has indicated to Paragon its interest in discussing our inclusion to the Board. Paragon looks forward to engaging in a productive and good faith discussion in order to move things quickly.

"Paragon has always put the needs of stakeholders first and foremost in its investment activities. We are doing so again in working directly with the Board of AeroCentury to discuss our respective nominees as we do not wish to see shareholders bear the distraction and expense of an unnecessary contest," noted Mr. Gad.

"We recognize that the current Board has spent the last year trying to restructure the Company and we hope that they now recognize the value of our inclusion to the Board," continued Mr. Gad. "Despite the seemingly insurmountable issues that currently exist at the Company, we believe we have viable options worth exploring that need be investigated now," states Mr. Gad. "Our two nominees, of which I am one, are more than qualified and experienced to help effectuate a viable path forward."

If you are a shareholder of AeroCentury, we would like to hear from you. Please contact Sham Gad, the Chairman and President of Paragon, at info@pgntgroup.com so that we can provide you with additional information regarding our efforts to facilitate shareholder input and effectuate positive change at AeroCentury.

Contact:

Paragon Technologies, Inc.
Sham M. Gad
706-340-4817
info@pgntgroup.com

Paragon Technologies, Inc., its executive officers and directors, and Paragon's nominees to the board are the participants in this proxy solicitation. Paragon Technologies, Inc. intends to make a filing with the Securities and Exchange Commission (the "SEC") of a proxy statement and accompanying proxy card to be used to solicit votes for the election of director nominees at the 2020 annual meeting of shareholders of AeroCentury Corp., a Delaware corporation (the "Company"). Paragon Technologies, Inc. holds 34,155 shares of common stock of the Company. Information regarding the participants and their interests in the solicitation will be included in their proxy statement and other materials filed with the SEC. SHAREHOLDERS OF THE COMPANY SHOULD READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION RELATING TO THE COMPANY'S ANNUAL MEETING, PARAGON'S SOLICITATION OF PROXIES AND PARAGON'S NOMINEES TO THE BOARD. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT WWW.SEC.GOV.

PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
7
7) Officers, Directors, and Control Persons
Name, Other Positions or Offices With the Company
and Principal Occupation for Past Five Years
Director
Since Age
Hesham M. Gad ........................................................................................................ 2010 41
Hesham M. Gad has been Chief Executive Officer of the Company since June
2014, Chairman of the Company’s Board of Directors since March 2012 and a
director of the Company since October 2010. From 2013 to 2017 Mr. Gad served
as Chairman and CEO of SED International Holdings, a multinational distributor of
IT and computing products.
Mr. Gad is also the author of the internationally published book, “The Business of
Value Investing.” Mr. Gad holds a B.A. in finance and an MBA in finance from the
University of Georgia.
Name of
Officer/Director
and Control Person
Affiliation with
Company (e.g.
Officer/Director/Owner
of more than 5%)
Residential Address (City /
State Only)
Number of
shares
owned
Share
type/class
Ownership
Percentage
of Class
Outstanding Note
Hesham M. Gad Director, Officer &
Owner of >5%
C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
520,408 Common
stock
30.5%
Donna Van Allen &
Van Allen
Investments
Owner of >5% Winter Springs, Florida 245,000 Common
Stock
14.4%
William Guegel Owner of >5% Pearland, TX 125,064 Common
Stock
7.3%
Kevin Ting Owner of >5% Mission Viejo, CA 90,352 Common
Stock
5.3%
Deborah Mertz Officer C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
20,000 Common
Stock
1.2%
Jack H. Jacobs Director C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
5,740 Common
Stock
0.3%
Samuel S. Weiser Director C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
5,740 Common
Stock
0.3%

PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
6
5) Issuer’s Business, Products and Services (Continued)
B. Describe subsidiaries, parents or affiliated companies
The Company has the following wholly owned subsidiaries: (1) SI Systems, LLC; (2) Ohana Home Services,
LLC; and (3) ARK Investments, LLC. The officers of all three are: Hesham Gad, President and CEO; and
Deborah Mertz, CFO. The business address of all three is 101 Larry Holmes Drive, STE 500, Easton, PA
18042.
ARK Investments, LLC owns 80% of SED International de Colombia, S.A.S. (SEDC). Ronell Rivera is
President of SEDC, which is located at Parque Industrial Gran Sabana Bodega 31, Vereda Tibitó –
Tocancipá.
C. Describe the issuers’ principal products or services and their markets
For information regarding our principal products or services and their markets, please see Section 5.A.
above.
6) Issuer’s Facilities
Paragon Technologies, Inc.
101 Larry Holmes Drive, Suite 500
Easton, PA 18042
SI Systems leases a facility located at 101 Larry Holmes Drive in Easton, Pennsylvania. The area
covered by the lease is 9,648 square feet. The leasing agreement requires fixed monthly payments of
$14,400 through April 30, 2020, when the lease expires.
SI Systems believes that its Easton, Pennsylvania facility is adequate for its current operations. SI
Systems’ operations experience fluctuations in workload due to the timing and receipt of new orders
and customer job completion requirements. Currently, SI Systems’ facility is adequate to handle these
fluctuations. In the event of an unusual demand in workload, SI Systems supplements its internal
operations with outside subcontractors that perform services for SI Systems in order to complete
contractual requirements for its customers. SI Systems will continue to utilize internal personnel
and its own facility and, when necessary and/or cost effective, outside subcontractors to complete
contracts in a timely fashion in order to address the needs of its customers.
SED Colombia leased a 32,000 square foot facility in Chia (Cundinamarca), Colombia. The center,
located near Bogotá, the capital city of Colombia, serves as a sales and administrative office and
distribution facility for SEDC. The lease expired in October 2018. The monthly payment was the
equivalent of approximately $9,951. On January 1, 2019, SED Colombia entered into a five year lease
agreement for a 44,530 square foot facility in Tocancipa (Cundinamarca) to serve as its new sales and
administrative office and distribution facility. The new monthly payment is the equivalent of
approximately $14,174. SEDC continued to rent the Chia facility on a month to month basis until all
departments were transferred to the new building. All departments vacated the Chia facility by April
30, 2019.
SEDC also leases office #210 at 14707 South Dixie Highway in Palmetto Bay, Florida. The lease
expired at the end of March 2019 and was renewed for an additional year for a monthly payment of
$1,378. In addition, SEDC rents two apartments in Chia for the use of its two members of its
management team based out of Miami, Florida for an aggregate monthly payment of the equivalent of
approximately $908. One lease expired at the end of March 2019 and was replaced with a lease on a
house in Chia for a monthly payment of approximately $970, expiring mid-March 2020. The other lease
expires in mid-July 2019 and will not be renewed.
PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
7
7) Officers, Directors, and Control Persons
Name, Other Positions or Offices With the Company
and Principal Occupation for Past Five Years
Director
Since Age
Hesham M. Gad ........................................................................................................ 2010 41
Hesham M. Gad has been Chief Executive Officer of the Company since June
2014, Chairman of the Company’s Board of Directors since March 2012 and a
director of the Company since October 2010. From 2013 to 2017 Mr. Gad served
as Chairman and CEO of SED International Holdings, a multinational distributor of
IT and computing products.
Mr. Gad is also the author of the internationally published book, “The Business of
Value Investing.” Mr. Gad holds a B.A. in finance and an MBA in finance from the
University of Georgia.
Name of
Officer/Director
and Control Person
Affiliation with
Company (e.g.
Officer/Director/Owner
of more than 5%)
Residential Address (City /
State Only)
Number

PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
4
4) Financial Statements (Continued)
The financial statements for the three months ended March 31, 2019 are incorporated by reference
and can be found at the end of this Quarterly Report. The financial statements as of and for the three
months ended March 31, 2019 include: (1) consolidated balance sheets, (2) consolidated statements
of operations, (3) consolidated statements of comprehensive income, (4) consolidated statements of
stockholders’ equity, (5) consolidated statements of cash flows, and (6) notes to consolidated financial
statements.
5) Issuer’s Business, Products and Services
A. Summary of the issuer’s business operations
Business
Paragon is a holding company owning subsidiaries that engage in diverse business activities
including material handling, distribution, real estate, and investments.
Automation
Our material handling operations are operated through our subsidiary, SI Systems, LLC (“SI
Systems”). SI Systems provides productivity enhancing material handling solutions, including
complete systems, subsystem technologies, products, software and services for automated
material handling and order processing applications. SI Systems’ capabilities include horizontal
conveyance, goods to man solutions, automated and semi-automated picking for order fulfillment,
and a modular suite of high-performance Warehouse Execution Systems (WES) and Warehouse
Management software. SI Systems supports both its install base and the broader industry install
base with support, upgrade services, and aftermarket parts, as well as rejuvenation and retrofit
engineering services.
We believe that SI Systems is known in the marketplace to have the most durable and maintenance
free Towline solutions as well as the world’s fastest automated order picking technologies. The
newest additions to our material handling solution portfolio are the Mobile-Matic™ XL picking robot,
a completely re-engineered Simon™ Automated Guided Vehicle, a solution set of Automated
Storage and Retrieval technologies, and related software enhancements to complement. The new
additions were added to support a broader customer demand for flexible automation solutions and
address market gaps in our existing offerings.
SI Systems’ automated material handling systems are currently used by manufacturing, assembly,
order fulfillment, and distribution operations customers located primarily in North America, including
the U.S. government. Our markets are diverse, and our customers and prospects represent leading
manufacturer brands and their supply chain partners in the logistics services space. We sell our
products directly and through integration partners.
SI Systems’ business is largely dependent upon a limited number of large contracts with a limited
number of customers. This dependence can cause unexpected fluctuations in sales volume.
Various external factors affect the customers’ decision-making process on expanding or upgrading
their current production or distribution sites. Customers’ timing and placement of new orders is
often affected by factors such as the current economy, current interest rates, and future
expectations. SI Systems believes that its business is not subject to seasonality, although the rate
of new orders can vary substantially from month to month. Since the Company recognizes sales
on a percentage of completion basis for its systems contracts, fluctuations in SI Systems’ sales and
earnings occur with increases or decreases in major installations.

PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
8
7) Officers, Directors, and Control Persons (Continued)
Jack H. Jacobs ........................................................................................................ 2012 73
Jack H. Jacobs is the Melcher Family Chair and Professor of Humanities and
Public Affairs at the United States Military Academy at West Point, where he has
been teaching since 2005, and a principal of The Fitzroy Group, Ltd., a firm that
specializes in the development of residential real estate in London and invests both
for its own account and in joint ventures with other institutions, for over 20 years.
He has served as an on-air military analyst for NBC News since 2002, where he
was an Emmy nominee in 2010 and 2011 and a recipient of the 2011 Murrow
Award. Colonel Jacobs was a co-founder and Chief Operating Officer of
AutoFinance Group Inc., one of the firms to pioneer the securitization of debt
instruments, from 1988 to 1989; the firm was subsequently sold to KeyBank. He
was a Managing Director of Bankers Trust Corporation, a diversified financial
institution and investment bank, where he ran foreign exchange options worldwide
and was a partner in the institutional hedge fund business.
Colonel Jacobs’ military career included two tours of duty in Vietnam where he was
among the most highly decorated soldiers, earning three Bronze Stars, two Silver
Stars and the Medal of Honor, the nation’s highest combat decoration. He retired
from active military duty as a Colonel in 1987. Colonel Jacobs has been a member
of the board of directors of Datatrak International, Inc. (OTCMKTS: DTRK) since
2016, Resonant Inc. (Nasdaq: RESN) since 2018, and Ballantyne Strong, Inc.
(NYSE American: BTN) since 2018. From 2007 to 2012, Colonel Jacobs served as
a member of the Board of Directors of Xedar Corporation, a public company; from
June 2006 to 2009, he was a director of Visual Management Systems, a private
company; and he was a director of BioNeutral Group, Inc., a public company, until
2009. From October 17, 2013 to October 28, 2013, Colonel Jacobs served on the
board of SED International Holdings, Inc. He was previously a director of Premier
Exhibitions, Inc. Colonel Jacobs is Co-Chairman of the Medal of Honor Foundation
and a member of the Board of Trustees of the USO of New York. He is the author
of the book “If Not Now, When?: Duty and Sacrifice in America’s Time of Need.”
Colonel Jacobs received a Bachelor of Arts and a Master’s degree from Rutgers
University.
Samuel S. Weiser......................................................................................................... 2012 59
Samuel S. Weiser is currently the President and Chief Executive Officer of
Foxdale Management LLC, a consulting firm founded by Mr. Weiser that provides
operational consulting, strategic planning, and litigation support services in
securities related disputes, which has been operating since 2003. From August
2009 until April 2015, he was a member of the Board of Directors and from August
2014 until March 2015 was Executive Chairman of Premier Exhibitions, Inc., a
provider of museum quality touring exhibitions then listed on Nasdaq. In addition,
Mr. Weiser served as President and Chief Executive Officer of Premier Exhibitions
from November 2011 until June 2014. Mr. Weiser was a member of SED
International’s Board of Directors from October of 2013 until October 2014.
Previously, Mr. Weiser served as a member and Chief Operating Officer of Sellers
Capital LLC, an investment management firm, from 2007 to 2010. From 2005 to
2007, he was a Managing Director responsible for the Hedge Fund Consulting
Group within Citigroup Inc.’s Global Prime Brokerage Division. Mr. Weiser also
served as Chairman of the Managed Funds Association, a lobbying organization
for the hedge fund industry, from 2001 to 2003 and was formerly a partner in Ernst
and Young. He received his B.A. in Economics from Colby College and a M.A. in
Accounting from George Washington University.

PARAGON TECHNOLOGIES, INC.
Quarterly Report
For the Period Ended March 31, 2019
7
7) Officers, Directors, and Control Persons
Name, Other Positions or Offices With the Company
and Principal Occupation for Past Five Years
Director
Since Age
Hesham M. Gad ........................................................................................................ 2010 41
Hesham M. Gad has been Chief Executive Officer of the Company since June
2014, Chairman of the Company’s Board of Directors since March 2012 and a
director of the Company since October 2010. From 2013 to 2017 Mr. Gad served
as Chairman and CEO of SED International Holdings, a multinational distributor of
IT and computing products.
Mr. Gad is also the author of the internationally published book, “The Business of
Value Investing.” Mr. Gad holds a B.A. in finance and an MBA in finance from the
University of Georgia.
Name of
Officer/Director
and Control Person
Affiliation with
Company (e.g.
Officer/Director/Owner
of more than 5%)
Residential Address (City /
State Only)
Number of
shares
owned
Share
type/class
Ownership
Percentage
of Class
Outstanding Note
Hesham M. Gad Director, Officer &
Owner of >5%
C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
520,408 Common
stock
30.5%
Donna Van Allen &
Van Allen
Investments
Owner of >5% Winter Springs, Florida 245,000 Common
Stock
14.4%
William Guegel Owner of >5% Pearland, TX 125,064 Common
Stock
7.3%
Kevin Ting Owner of >5% Mission Viejo, CA 90,352 Common
Stock
5.3%
Deborah Mertz Officer C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
20,000 Common
Stock
1.2%
Jack H. Jacobs Director C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
5,740 Common
Stock
0.3%
Samuel S. Weiser Director C/O Paragon Technologies
101 Larry Holmes Drive
Suite 500
Easton, PA 18042
5,740 Common
Stock
0.3%

Security Information
Trading symbol: PGNT
Exact title and class of securities outstanding: Common Stock
CUSIP: 69912T108
Par or stated value: $1.00 per share
Total shares authorized: 20,000,000 as of March 31, 2019
Total shares outstanding: 1,704,745 as of March 31, 2019
Number of shares in the Public Float: 907,857 as of March 25, 2019
Total number of shareholders of record: 184 as of March 25, 2019

I agree. I may add more. This is such a low float it could rip up. Float is just 1.2 Million. The Chairman's letter to shareholders is reason to be optimistic. http://pgntgroup.com/wp-content/uploads/2019/05/2019.pdf

some very good numbers here with PGNT...

Accumulation....a little surprised that PGNT is not really being followed. Slow but steady accumulation. With such a low float, this could surge.

pink sheet stock, no analyst coverage, liquidity etc

Why is PGNT a $1.50 stock with that kind of profitability?

3rd qtr was .14 and they showed 09 for the 9 mos. ended sept 30, the 4th qtr must have been .47

.14 https://backend.otcmarkets.com/otcapi/company/financial-report/205856/content

What was the EPS last qtr? Just started following Paragon after it hit the Advancers List. Low float and positive EPS is appealing.

Total stockholders’ equity 6,565,000 on; issued and
outstanding 1,694,745 as of December 31, 2018

annual report filed yesterday https://www.otcmarkets.com/stock/PGNT/disclosure

Nice, .56 net profit per share.

What is up here?

https://backend.otcmarkets.com/otcapi/company/financial-report/214387/content

news out

Paragon’s per share book value increased by 114% in 2017, to $3.58 per share, compared with $1.67 per share in 2016. Once again, shares outstanding remained unchanged year over year (at the beginning of 2018, 10,000 shares were issued to an executive). Revenues in 2017 equaled $64.6 million compared to $8.6 million in 2016. Net income in 2017 was $2.7 million compared
to a net loss of $1.1 million in 2016, respectively.
The substantial gains in sales, profitability, and book value in 2017 was due to Paragon’s acquisition of the Latin American distribution business of SED International.


As Chairman, CEO, and chief capital allocator at Paragon, I also am the Company’s largest shareholder. My financial net worth and that of the Gad family is fully hitched to the Paragon wagon. I will win alongside our shareholders, not at your expense.

http://pgntgroup.com/wp-content/uploads/2014/02/2018-Shareholders-Letter-Final.pdf

Looking forward to comparing notes SwingKing

I pulled so much intel on these two companies I ran out of paper. Going through everything today and will post my opinion soon. I look at this as a opportunity, as you know information is the key to success.

Paragon Technologies, Inc. [$PGNT] due diligence
click in the textarea above and press ctrl + c to copy the dd notes to your clipboard


$PGNT

DD Notes ~ http://www.ddnotesmaker.com/PGNT

##### recent news/filings ~ source: finance.yahoo.com

Tue, 24 Sep 2013 18:24:00 GMT ~ Paragon Technologies Announces Results Of 2013 Annual Meeting Of Shareholders
[PR Newswire] - EASTON, Pa., Sept. 24, 2013 /PRNewswire/ -- Paragon Technologies, Inc. (OTC Pink: PGNT), announced today that the Company's Annual Shareholders Meeting was duly held on September 18, 2013 in Atlanta, ...
read full: http://finance.yahoo.com/news/paragon-technologies-announces-results-2013-182400246.html
*********************************************************

Thu, 12 Sep 2013 14:15:00 GMT ~ Insiders Buy Shares at Natural Gas and Oil Companies Southwestern Energy and Matador Resources
read full: http://www.minyanville.com/trading-and-investing/stocks/articles/Insiders-Buy-Shares-at-Natural-Gas/9/12/2013/id/51724?camp=syndication&medium=portals&from=yahoo
*********************************************************

Tue, 10 Sep 2013 15:14:00 GMT ~ Paragon Announces Board Slate at SED International Holdings, Inc.
[Business Wire] - Paragon Technologies, Inc. is announcing that it will nominate a slate of director candidates at the 2013 annual meeting of shareholders of SED International Holdings, Inc.
read full: http://finance.yahoo.com/news/paragon-announces-board-slate-sed-151400672.html
*********************************************************

Sat, 07 Sep 2013 17:04:10 GMT ~ PARAGON TECHNOLOGIES INC Financials
read full: http://finance.yahoo.com/q/is?s=pgnt
*********************************************************

Tue, 27 Aug 2013 00:00:00 GMT ~ Paragon Technologies Releases Chairman's Letter To Shareholders
[PR Newswire] - EASTON, Pa., Aug. 26, 2013 /PRNewswire/ -- Paragon Technologies, Inc . (OTC Pink: PGNT), Chairman Sham Gad's 2012 Annual Letter to Shareholders is now available on the Company's website, www.pgntgroup.com ...
read full: http://finance.yahoo.com/news/paragon-technologies-releases-chairmans-letter-000000549.html
*********************************************************

##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/PGNT/company-info
Ticker: $PGNT
OTC Market Place: OTC Pink Current
CIK code: 0000090045
Company name: Paragon Technologies, Inc.
Company website: http://www.pgntgroup.com
Incorporated In: DE, USA

##### extra dd links

Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000090045&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/PGNT/filings
Latest financials: http://www.otcmarkets.com/stock/PGNT/financials
Latest news: http://www.otcmarkets.com/stock/PGNT/news - http://finance.yahoo.com/q/h?s=PGNT+Headlines

Major holdings: http://data.cnbc.com/quotes/PGNT/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=PGNT+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/PGNT.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=PGNT

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=PGNT&search=search

DTCC: http://search2.dtcc.com/?q=Paragon+Technologies%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Paragon+Technologies%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Paragon+Technologies%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.pgntgroup.com
Alexa: http://www.alexa.com/siteinfo/http://www.pgntgroup.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.pgntgroup.com

http://www.pennystocktweets.com/stocks/profile/PGNT

##### last known share structure ~ source: otcmarkets.com

Market Value: $3,911,792 a/o Oct 24, 2013
Shares Outstanding: 1,671,706 a/o Jun 30, 2013
Float: 1,201,079 a/o Jun 30, 2013
Authorized Shares: 20,000,000 a/o Jun 30, 2013
Par Value: 1

##### business description ~ source: otcmarkets.com

Paragon Technologies, Inc. (the Company), based out of Easton, Pennsylvania, provides a variety of material handling solutions, including systems, technologies, products, and services for material flow applications. The Company's capabilities include horizontal transportation, rapid dispensing, order fulfillment, computer software, sortation, integrating conveyors and conveyor systems, and aftermarket services.

DD Notes ~ http://www.ddnotesmaker.com/PGNT

That could be good or bad depending on the team. In this case it looks like SED is in good hands. I'm trying to pull up more DD.

I agree, short term SED is gonna go, I just set up a board for them today. Bigger picture I think I'm starting to get a better understanding of how the puzzle fits together.

This is very interesting that PGNT owns most of SED. SED looks like it is getting ready for a run IMO.

It's interesting because the guys running the show here at Paragon are going to be the same folks running the show at SED so it should give us some idea what to expect.

Well we are now, that link is old of course but well post the new one here soon.

Of course we would want to do as much DD as possible. I'm glad you made point of saying majority shareholder. Thanks!

Well that's a good question but they don't actually own the company, lol, they're the majority share owner and since we're trading SED I thing it'd be nice to find out a little about these guys.

SwingKing what's the relevance of PGNT and owning SED.

I have been doing some research on SED and found out that this is the company that owns the majority of their stock.

Is anyone else following this company? Current financials can be found here: http://www.ptgamex.com/Paragon/Stockholders/Stockholders.htm