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11/08/2014: Paragon Shipping Announces Date for the Release of Second Quarter and Six Months Ended June 30,2014 Results, Conference Call and Webcast

ATHENS, Greece (August 11, 2014) - 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 second quarter and six months ended June 30, 2014, after the market closes in New York on Tuesday, September 2, 2014. Paragon's management team will host a conference call to discuss the Company's financial results on Wednesday, September 3, 2014, at 9:00 am ET.

Conference Call and Webcast details:
Participants should dial into the call ten minutes before the scheduled time using the following numbers 1-877-300-8521 (USA) or +1-412-317-6026 (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 10050640. 

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
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 fourteen drybulk vessels with a total carrying capacity of 853,699 dwt. In addition, Paragon Shipping's current newbuilding program consists of two Ultramax drybulk carriers that are scheduled to be delivered in 2014, as well as two Ultramax drybulk carriers and three Kamsarmax drybulk carriers that are scheduled to be delivered in 2015. 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.

Allen & Caron Inc.
Rudy Barrio (Investors)
(212) 691-8087

Len Hall (Media)
(949) 474-4300

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