Paragon Technologies Acquires Innovative Automation
About Paragon TechnologiesParagon Technologies, Inc. is a holding company with diverse business activities. Currently, the Company's operating subsidiary, SI Systems, Inc., offers branded technologies and material handling solutions that serve manufacturing operations and order fulfillment applications. Paragon's other principal business activity is investments in diversified businesses. These investment activities include the purchase of securities in accordance with the Company's investment policy and the complete acquisition of operating businesses. Operating decisions for Paragon's operating businesses are made by the management of those businesses. Investment decisions under Paragon's investment policy are made by Sham Gad, Chairman of the Board. All other investments and capital allocation decisions are made by Mr. Gad in consultation with Paragon's Board of Directors.
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 ing 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 The forward-looking statements contained in this press release may become outdated over time.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 OTC Markets Group, including its annual report for the fiscal year ended December 31, 201 2 .
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SOURCE Paragon Technologies, Inc.
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