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Paragon Shipping Announces Date Of Fourth Quarter And Year End 2011 Results, Conference Call And Webcast

Earnings Release: Thursday, February 16, 2012, After Market Close

Conference Call and Webcast: Friday, February 17, 2012, at 08:30 am EST

ATHENS, Greece (February 13, 2012) - Paragon Shipping Inc. (NYSE: PRGN) ("Paragon Shipping" or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the fourth quarter and year ended December 31, 2011, after the market closes in New York on Thursday, February 16, 2012. Paragon's management team will host a conference call to discuss the Company's financial results on Friday, February 17, 2012, at 8:30 am EST.

Conference Call details:

Participants should dial into the call ten minutes before the scheduled time using the following numbers 1-877-317-6789 (USA) or +1-412-317-6789 (international) to access the call. A replay of the conference call will be available until February 24, 2012 and can be accessed by dialing 1-877-344-7529 (USA) or +1-412-317-0088 (international) and using passcode 10010171.

 Slides and audio webcast:

There will also be a simultaneous live webcast through the link, Webcast Presentation. Participants should register on the website approximately ten minutes prior to the start of the webcast.

ATHENS, Greece (February 13, 2012) - Paragon Shipping Inc. (NYSE: PRGN) ("Paragon Shipping" or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the fourth quarter and year ended December 31, 2011, after the market closes in New York on Thursday, February 16, 2012. Paragon's management team will host a conference call to discuss the Company's financial results on Friday, February 17, 2012, at 8:30 am EST.

 Conference Call details:

Participants should dial into the call ten minutes before the scheduled time using the following numbers 1-877-317-6789 (USA) or +1-412-317-6789 (international) to access the call. A replay of the conference call will be available until February 24, 2012 and can be accessed by dialing 1-877-344-7529 (USA) or +1-412-317-0088 (international) and using passcode 10010171.

 Slides and audio webcast:

There will also be a simultaneous live webcast through the link, Webcast Presentation. Participants should register on the website approximately ten minutes prior to the start of the webcast.

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