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PARAGON SHIPPING INC. ANNOUNCES DATE FOR THE RELEASE OF FIRST QUARTER 2010 RESULTS, CONFERENCE CALL AND WEBCAST

Posted on Friday, April 30 2010
PARAGON SHIPPING INC. ANNOUNCES DATE FOR THE RELEASE OF FIRST QUARTER 2010 RESULTS, CONFERENCE CALL AND WEBCAST     Earnings Release: Monday, May 3, 2010, After Market Close
Conference Call and Webcast: Tuesday, May 4, 2010, at 9:30 a.m. EDT
  April 30, 2010 - Athens, Greece - Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the first quarter ending March 31, 2010, after the market closes in New York on Monday, May 3, 2010. Paragon's management team will host a conference call to discuss the Company's financial results on Tuesday, May 4, 2010, at 9:30a.m.(EDT).
Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1(866) 819-7111 (from the USA), 0(800) 953-0329 (from the UK),+(44) (0) 1452 542 301 (from outside the US) or 0080 044 131 378 (from Greece). Please quote "Paragon."
A replay of the conference call will be available until May 11, 2010. The United States replay number is 1(866) 247-4222; from the UK 0(800) 953-1533; the standard international replay number is (+44) (0) 1452 550 000 and the access code required for the replay is: 55939564#.
Slides and audio webcast: There will also be a simultaneous live webcast over the Internet, through the Paragon Shipping website (www.paragonship.com ). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

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