UPDATE: Paulson Investment's 31st Annual Westergaard

UPDATE:  Paulson Investment's 31st Annual Westergaard Conference to
Showcase Emerging Industry Leaders 
PORTLAND, OR -- (MARKET WIRE) -- 10/16/08 --  Paulson Investment
Company, Inc., a wholly owned subsidiary of Paulson Capital Corp.
(NASDAQ: PLCC), today issued a list of confirmed companies scheduled
to present at Paulson Investment's 31st Annual Westergaard Conference
to be held in New York City. 
The Conference will showcase small and emerging growth companies
focused on establishing leadership in a broad range of industry
sectors, including domestic and alternative energy, environmental
responsibility, healthcare, consumer products, financial, security
and technology.  Founded in 1978 by noted small cap analyst John
Westergaard, this Conference provides a venue for select companies to
share detailed insight into their business operations, short and long
term growth strategies and industry vision. 
Space is limited, so investment professionals interested in attending
are encouraged to pre-register for the event.  For more information or
to pre-register, please visit www.westergaardconference.com. 



EVENT AT A GLANCE:

   WHEN:     Wednesday, November 12, 2008
             7:30 AM ET - 5:30 PM ET

   WHERE:    Waldorf Astoria
             301 Park Avenue (Between 49th and 50th)
             New York City

   LUNCH
   KEYNOTE:  Lawrence Kudlow is host of CNBC's primetime "Kudlow &
             Company," which airs nightly from 7:00 PM to 8:00 PM.
             He is also the host of "The Larry Kudlow Show" on WABC Radio
             that airs Saturdays from 10:00 AM to 1:00 PM. Larry Kudlow
             is Chief Executive Officer of Kudlow & Co., LLC, an economic
             and investment research firm. He is also a nationally
             syndicated columnist and author. Larry Kudlow is a familiar
             face in Washington and on Wall Street -- a renowned free
             market, supply-side economist armed with knowledge, vision
             and integrity acquired over a career spanning three decades.


There will be a breakfast analyst forum hosted by Dutton Associates
from 7:30 AM ET - 8:30 AM ET to discuss emerging market trends in
various industries.  There will also be a closing reception,
immediately following the final presentation, from 5:30 - 7:30 PM ET. 
This year's conference will play host to companies scheduled to give
multiple presentations throughout the day to small, informal groups
of investment professionals.  Confirmed presenting companies are: 



   Baldwin Technology Company, Inc. (NYSE: BLD)
   Best Energy Services, Inc. (OTCBB: BEYS)
   Converted Organics, Inc. (NASDAQ: COIN)
   China Energy Recovery, Inc. (OTCBB: CGYV)
   EDGAR Online, Inc. (NASDAQ: EDGR)
   Enable Holdings, Inc. (OTCBB: ENAB)
   Healthy Fast Food, Inc. (OTCBB: HFFI)
   ICOP Digital, Inc. (NASDAQ: ICOP)
   INX Inc. (NASDAQ: INXI)
   IntegraMed America, Inc. (NASDAQ: INMD)
   IPtimize, Inc. (PINKSHEETS: IPZI)
   Kandi Technologies, Corp. (NASDAQ: KNDI)
   MyECheck, Inc. (OTCBB: MYEC)
   Mktg, Inc. (NASDAQ: CMKG)
   Nanogen, Inc. (NASDAQ: NGEN)
   Neoprobe Corporation (OTCBB: NEOP)
   Pacific Asia Petroleum, Inc. (OTCBB: PFAP)
   Patriot Scientific Corporation (OTCBB: PTSC)
   Power Air Corporation (OTCBB: PWAC)
   Rock Energy Resources, Inc. (OTCBB: RCKE)
   SOYO Group, Inc.  (OTCBB: SOYO)
   The Quantum Group, Inc.  (NYSE: QGP)
   TZ Limited  (PINKSHEETS: TZLTF)
   ZAP  (OTCBB: ZAAP)

To date, valued conference sponsors include:

   Dutton Associates
   Elite Financial Communications Group, LLC
   EQUITIES Magazine
   Lane PR
   Marketwire, Incorporated
   Holland & Knight, LLP
   Morse Zelnick Rose & Lander, LLP


For more information on sponsorship opportunities, please contact
Tiffany Korkis or John Morrison at Elite Financial Communications
Group by calling 407-585-1080, or via email at Tiffany@efcg.net or
John@efcg.net. 
About Paulson Capital Corporation 
Paulson Capital Corporation is the parent company to Paulson
Investment Company, Inc.  Headquartered in Portland, Oregon, Paulson
Investment Company, Inc. is the Northwest's largest independent
brokerage firm and a national leader in public offerings of small and
emerging growth companies with capital needs of $5 million to $45
million.  Founded by Chester "Chet" Paulson in 1970, it has managed
or underwritten 163 securities offerings and has generated more than
$1.2 billion for client companies.  The firm's enduring success stems
from its ability to recognize emerging industry trends and from
supporting emerging companies pioneering positive change and
advancements in those related markets. 
With corporate and independent retail brokerage offices located in 11
states throughout the country, Paulson Investment Company, Inc. aims
to earn and build trust with retail and select institutional investors
through highly customized financial portfolio management, diversified
financial products and service offerings and effective administration
and execution of investment strategies that specifically address
individual risk tolerance levels.  In addition, Paulson Investment
Company, Inc.'s brokerage clients look to the firm for compelling new
investment ideas in the small and emerging growth markets. 
Paulson Investment Company, Inc. was the managing underwriter for the
initial and/or secondary public offerings for one or more of the
presenting companies.  Paulson Investment Company, Inc. may make a
market in one or more of the securities for the presenting companies.
 These markets may, however, be changed at any time without notice. 
Individuals associated with Paulson Investment Company, Inc. and its
officers and/or directors may hold shares in companies affiliated
with this conference and may increase or decrease such holdings
without notice. 
This release may contain "forward-looking statements" based on
current expectations but involving known and unknown risks and
uncertainties. Actual results of achievements may be materially
different from those expressed or implied.  The Company's plan and
objectives are based on judgments with respect to future conditions
in the securities markets as well as general assumptions regarding
the economy and competitive environment in the securities industry,
which can be volatile and out of our control.  In particular, we make
assumptions about our ability to complete corporate finance
transactions and increase the volume and size of our securities
trading operations, which are difficult or impossible to predict
accurately and often beyond the control of the Company.  Therefore,
there can be no assurance that any forward-looking statement will
prove to be accurate. 
FOR MORE INFORMATION, PLEASE CONTACT:
Elite Financial Communications Group, LLC
Dodi Handy
President and CEO
 407-585-1080
Email Contact