Mr. Gad Issues Definitive Proxy Statement for Upcoming Annual Meeting at Paragon

Urges Stockholders to Vote on the BLUE Proxy Card to Elect His Slate of Director Nominees Who are Committed to Prioritizing Stockholders' Interest, Restoring Confidence and Unlocking Value

NEW YORK, NY / ACCESS Newswire / June 5, 2025 / Hesham "Sham" Gad, who beneficially owns approximately 28.2% of the outstanding shares of common stock of Paragon Technologies, Inc. ("Paragon" or the "Company") (OTC Pink:PGNT) and is Paragon's largest stockholder, announced that he has mailed his definitive proxy statement in connection with the Company's upcoming 2025 Annual Meeting of Stockholders and sent a letter to the Company's stockholders outlining why he believes significant change is needed in the boardroom for the Company to fulfill its potential.

The full text of the letter is set forth below:

Dear Fellow Paragon Stockholders:

I believe that stockholders would greatly benefit from significant changes to the composition of Board of Directors (the "Board") of Paragon Technologies, Inc. ("Paragon" or the "Company"). As the Company's largest stockholder and a loyal long-term investor and Board member, my interests are aligned with those of all Paragon stockholders. I believe there is significant value to be realized at Paragon. However, as the past few months have shown, I am deeply concerned that the majority of the incumbent Board has not demonstrated a commitment to acting in the best interests of stockholders and has failed to deploy an effective strategy at the Company. Unfortunately, the majority of the incumbent directors have spent the past year doing what failing boards so often do, rewriting history and burning through stockholder capital to entrench themselves.

Today, Paragon stands at a critical juncture-not because of external forces or market challenges, but because a group of entrenched directors are waging a deceptive and self-serving campaign to seize control of your company. They offer no strategy, no experience, and no track record-only distractions, distortion, and destruction.

This proxy contest is not about personalities-it's about performance, capital allocation, integrity, and the future of Paragon.

The Real Track Record - Built for Stockholders by Stockholders

During my 10-year tenure as CEO of Paragon from 2014 through August 2024, stockholders realized an 11% annualized return.

In 2017, when I assumed oversight of SI Systems, LLC ("SI Systems") and complete capital allocation of all of Paragon, stockholders realized approximately 30% annualized return through August 2024, when Weiser began his personal campaign against me and removed me as CEO.