PORTLAND, Ore., March 21, 2013 (GLOBE NEWSWIRE) -- Paulson Capital Corp. (Nasdaq:PLCC), parent company of Paulson Investment Company, Inc. ("PICI"), today reported a net loss of $395,809, or ($0.07) per share for the year ended December 31, 2012 versus a net loss of $3,124,020, or ($0.54) per share for the year ended December 31, 2011. Revenues for the year ended December 31, 2012 totaled $7,724,591 compared to revenues of $15,405,567 for the prior year. The lower revenues in fiscal 2012 were largely due to a 74% decline in commissions as a result of the sale of substantially all of the Company's retail brokerage operations to JHS Capital Advisors, LLC which closed on April 16, 2012.
Paulson Capital Corp. Reports Fiscal Year 2012 Results
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