Shell Stocks

[neilhk]

Binding Agreement PR for 23rd January 2007...just out:)

Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income
Tuesday January 23, 8:53 am ET

PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket's Latin American operations booked over $20 million in profitable revenue in 2006. The results of those operations are currently under routine independent audit review. Similar revenue results were reported and audited in 2005.

Upon closing the transaction, NewMarket Technology will become the majority shareholder in Paragon Financial, and management anticipates changing the company's name to NewMarket Latin America. NewMarket is forecasting a 50% increase in revenue in 2007 to $30 million with net income.

Mr. Paul Danner, CEO of Paragon Financial, said, "We are pleased to provide Paragon shareholders with an alternative investment scenario in the rapidly growing technology sector in Latin America. All parties look forward to closing the transaction before the end of the first quarter."

About Paragon Financial Corporation

Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain information contained in this announcement are "forward-looking statements." Paragon cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the mortgage industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Factors which may affect results include, but are not limited to, the ability to raise capital necessary to sustain operations and implement the business plan, the ability to obtain additional regulatory permits and approvals to operate in the financial services area, the ability to identify and complete acquisitions and successfully integrate acquired businesses, if any, the ability to implement the company's business plan, changes in the real estate market, interest rates or the general economy of the markets in which the company operates. Additional information regarding Paragon is contained in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.


Contact:

Paragon Financial Corp.
Paul Danner, 904-285-7171