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19/02/2013: Paragon Shipping Inc. Reports Fourth Quarter and Year Ended December 31, 2012 Results, Completion of Debt Restructuring And Delivery Of M/V PRICELESS SEAS

ATHENS, Greece, February 19, 2013 - Paragon Shipping Inc. (NYSE: PRGN) ("Paragon Shipping", or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today its results for the fourth quarter and year ended December 31, 2012.

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