Paragon Technologies News Release
, April 4, 2016 (Newswire.com) - Paragon Technologies, Inc. (OTC Pink: PGNT), a holding company, announced its results for the year ended December 31, 2015, on March 31, 2016.
Paragon Technologies, Inc.'s Consolidated Statement of Operations for the Years ended December 31, 2015, 2014 and 2013 are summarized below. For further detail on our results, shareholders should carefully review our annual report, which can found at www.pgntgroup.com.
Analysis of Results:
Investment gains or losses reflect realized gains or losses in the company's investment portfolio.
Paragon utilizes pre-tax operating income, a non-GAAP financial measure, in its analysis of financial results. Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company.
"On behalf of the Board, we congratulate the entire SI Systems team for their commitment and the operating improvement in 2015. We look forward to SI's continued growth and development in the years to come," said Hesham Gad, Paragon Chairman and CEO.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company with diverse business activities. Paragon's wholly owned operating subsidiary, SI Systems, Inc., offers branded technologies and material handling solutions that serve manufacturing operations and order fulfillment applications. Operating decisions for Paragon's operating businesses are made by the management of those businesses. All investment decisions under Paragon's investment policy are made by Sham Gad, Chairman and CEO of Paragon pursuant to the Company's investment management policy.
SOURCE: Paragon Technologies, Inc.
Source: Paragon Technologies Inc.
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