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Paragon Shipping Inc. Announces Date for the Release of First Quarter Ended March 31, 2011 Results, Conference Call and Webcast

News Release Paragon Shipping Inc. May 20, 2011
Earnings Release: Thursday, May 26, 2011, After Market Close
Conference Call and Webcast: Friday, May 27, 2011, at 10:00am EDT
May 19, 2011 – Athens, Greece – Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation
company specializing in drybulk cargoes, announced today that it will release its results for the first quarter ended
March 31, 2011, after the market closes in New York on Thursday, May 26, 2011. Paragon’s management team
will host a conference call to discuss the Company's financial results on Friday, May 27, 2011, at 10:00am EDT.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1(866)
819-7111 (from the USA), 0(800) 953-0329 (from the UK), +(44) (0) 1452 542 301 (from outside the US) or 0080
044 131 378 (from Greece). Please quote "Paragon."
A replay of the conference call will be available until June 3, 2011. The United States replay number is 1(866)
247-4222; from the UK 0(800) 953-1533; the standard international replay number is (+44) (0) 1452 550 000 and
the access code required for the replay is: 55939564#.
Slides and audio webcast:
There will also be a simultaneous live webcast over the Internet, through the Paragon Shipping website.
Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the
webcast.