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03/06/2015: Paragon Shipping Announces Date of First Quarter 2015 Results, Conference Call and Webcast

ATHENS, Greece (June 3, 2015) – Paragon Shipping Inc. (NASDAQ: 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 first quarter ended March 31, 2015, before the market opens in New York on Monday, June 8, 2015. Paragon’s management team will host a conference call to discuss the Company's financial results on the same day at 10:00 am ET.

Conference Call and Webcast details:

Participants should dial into the call ten minutes before the scheduled time using the following numbers 1-888-348-8931 (USA) or +1-412-902-4248 (international) to access the call. A replay of the conference call will be available for seven days and can be accessed by dialing 1-877-870-5176 (USA) or +1-858-384-5517 (international) and using passcode 10067022.

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.

About Paragon Shipping Inc.

Paragon Shipping is an international shipping company incorporated under the laws of the Republic of the Marshall Islands with executive offices in Athens, Greece, specializing in the transportation of drybulk cargoes. Paragon Shipping’s current fleet consists of sixteen drybulk vessels with a total carrying capacity of 980,399 dwt. In addition, Paragon Shipping’s current newbuilding program consists of two Ultramax and three Kamsarmax drybulk carriers. The Company's common shares and senior notes trade on NASDAQ under the symbols "PRGN" and "PRGNL," respectively. For more information, visit: www.paragonship.com. The information contained on the Paragon Shipping’s website does not constitute part of this press release.


Paragon Shipping Inc.


Rudy Barrio (Investors)


(212) 691-8087

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