Paragon Sets the Record Straight on Governance and Strategy in Comprehensive 2025 Annual Meeting Presentation

EASTON, PA / ACCESS Newswire / June 10, 2025 / Paragon Technologies, Inc. (OTC PINK:PGNT), a diversified holding company, today made available a comprehensive presentation to its shareholders in advance of the upcoming Annual Meeting on June 30, 2025, emphasizing the stark choice between the Company's revitalized current strategic plan and board slate, and the disruptive efforts of former Chairman and CEO, Hesham "Sham" Gad. The presentation is available on the Investor Relations section of Paragon's website.

Paragon's current management and Board of Directors are focused on establishing a strong, operationally driven, and growth-oriented future for the Company, directly addressing legacy issues and underperformance inherited from the former Chairman and CEO, Hesham "Sham" Gad.

Paragon's Current Strategic Plan: A Path to Sustainable Growth

The Company's current Board has implemented a clear, four-pillar strategic plan designed to maximize shareholder value:

1. Rebuild SI Systems: Repairing critical infrastructure to grow the business and expand product offerings.

2. Position SED International Holdings, Inc.: Enabling self-financed expansion beyond Colombia to mitigate specific currency risk.

3. Liquidate Underperforming Assets:

   • Real Estate: Divesting condominium holdings of Ohana Home Services that have consistently generated subpar returns.

   • Exit Failed Investment Positions: Liquidate assets and deploy capital towards higher return opportunities.

4. Pursue Accretive U.S.-Based Acquisitions: Reducing dependence on unpredictable foreign operations and improving margins.

"This is a disciplined, accountable approach designed to ensure sustainable and responsible growth for Paragon," stated David Lontini, Paragon's Chairman. "Our plan is actionable, detailed, and directly tackles the operational and financial challenges we inherited."

Commitment to Strong, Independent Governance

Since Mr. Gad's departure, Paragon has made significant strides in strengthening its corporate governance:

• Independent Board Transformation: In December 2024, Paragon appointed three highly qualified independent directors (David Lontini, Howard Brownstein, and Tim Eriksen), ensuring that key committees, including Audit, Compensation, and Nominating, are now solely composed of independent members. The roles of Chairman and CEO have been separated.