Paragon Technologies Announces the Re-Election of the Current Board of Directors at the 2008 Annual Meeting of Stockholders
11 Agosto 2008 - 11:00AM
PR Newswire (US)
EASTON, Pa., Aug. 11 /PRNewswire-FirstCall/ -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of "smart"
material handling systems and "software-driven" warehouse and
distribution center solutions, announced the results of the vote
taken at its Annual Meeting of Stockholders held in Easton,
Pennsylvania on Friday, August 8, 2008. Eighty-eight percent of all
of the outstanding shares of Paragon Technologies, Inc. were voted
at the Annual Meeting of Stockholders. As a result of the voting,
all five Directors proposed by the Board of Directors were elected.
Elected to the Board of Directors for a one-year term or until
their successors have been elected and qualified were: -- Ronald J.
Izewski -- Theodore W. Myers -- Robert J. Schwartz -- Samuel L.
Torrence -- Leonard S. Yurkovic No other proposals were presented
for action at the Annual Meeting of Stockholders. 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, 2007 and the most recent quarterly
report on Form 10-Q for the quarter ended March 31, 2008. This
press release and prior releases are available at
http://www.ptgamex.com/. DATASOURCE: Paragon Technologies, Inc.
CONTACT: Leonard S. Yurkovic, Acting CEO of Paragon Technologies,
Inc., +1-610-252-3205, Fax +1-610-252-3102 Web site:
http://www.ptgamex.com/
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